Jonathan Raa | Nurphoto | Getty Images The long-awaited bitcoin exchange traded funds launched in January, and financial advisors are on their way – though gradually – toward adopting them, according to BlackRock’s Samara Cohen. For now, about 80% of bitcoin ETF purchases have likely been coming from “self-directed investors who have made their own … Read more
Former U.S. President Donald Trump speaks at a dinner at Mar-a-Lago on June 5, 2024 in West Palm Beach, Florida. Now that his criminal trial in New York has wrapped up, the former president has scheduled a number of fundraising events around the country to aid his presidential bid. (Photo by Eva Marie Uzcategui/Getty Images) … Read more
Cryptocurrencies slumped on Tuesday as bitcoin extended its recent slide and investors awaited the Federal Reserve’s next rate decision. The price of bitcoin dropped more than 4% to $66,475, according to Coin Metrics, extending a decline that began Friday when bitcoin retreated from the $70,000 level. Ether fell 6.1% to $3,452.02. Cryptocurrencies broadly, along with … Read more
Vertigo3d | iStock | Getty Images Crypto’s culture encourages investors to “HODL,” or hold on for dear life, in the rollercoaster ride of bitcoin‘s extreme fluctuations. But this long-prized practice may diminish as adoption of ETFs grows, particularly if traditional investors who are accustomed to rebalancing their portfolios regularly add in bitcoin exposure. The cryptocurrency … Read more
Core Scientific’s 104 megawatt Bitcoin mining data center in Marble, North Carolina Carey McKelvey AUSTIN — For five years, bitcoin miner Core Scientific has quietly been diversifying out of mining and into artificial intelligence, a market that will require immense amounts of power to handle the training of AI models and the massive workloads that … Read more
Semler Scientific, a little-known medical technology company, saw its shares surge Tuesday after it said it has adopted bitcoin as its primary treasury reserve asset, taking a page out of MicroStrategy’s playbook. The company, which develops products used in the detection of peripheral arterial disease, also announced a purchase of 581 bitcoins for about $40 … Read more
Nikos Pekiaridis | Nurphoto | Getty Images Ether slipped on Friday even after the Securities and Exchange Commission approved a rule change that will pave the way for exchange traded funds that buy and hold the cryptocurrency. The price of ether fell 2% to around $3,700.00, according to Coin Metrics. It’s holding on to its … Read more
A representation of cryptocurrency Ethereum is placed on a PC motherboard in this illustration taken on June 16, 2023. Dado Ruvic | Reuters The SEC has approved a rule change Thursday that would pave the way for ETFs that buy and hold ether, one of the world’s largest cryptocurrencies. The decision comes less than six … Read more
Omar Marques | Lightrocket | Getty Images Cryptocurrencies rose Tuesday amid a late surge in optimism around the U.S. Securities and Exchange Commission’s decisions on spot ether exchange-traded funds applications, the first of which is due this week. Ether led the rally, rising 9% to $3,680.98, according to Coin Metrics. On Monday, it rocketed 20%. … Read more
The U.S. Securities and Exchange Commission is expected to make a key decision on approving ether exchange-traded funds next week. But it will likely fail due to a lack of an over-arching regulatory framework for all cryptocurrencies, according to Ric Edelman, head of the Digital Assets Council of Financial Professionals. “I think that there’s going … Read more
