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The SEC has approved the first spot Bitcoin and Ethereum combo ETFs from Hashdex and Franklin Templeton, set to launch in January with an 80/20 allocation favoring Bitcoin. This marks a significant step in the U.S. crypto ETF market, which has seen substantial inflows, particularly in Bitcoin ETFs. Speculation continues around potential future approvals for Solana and XRP ETFs, though analysts suggest Litecoin and Hedera may come first due to regulatory clarity.
Super Micro Computer's stock fell nearly 5% amid concerns of potential delisting from the Nasdaq, following a series of financial reporting issues and the resignation of its accounting firm, Ernst & Young. The company is seeking to raise capital through equity and debt to stabilize its finances. Despite recent declines, the stock is still up about 23% this year.
MicroStrategy, led by Michael Saylor, will be added to the Nasdaq-100 Index on December 23, joining Palantir Technologies and Axon Enterprise. This inclusion positions MicroStrategy among the 100 largest stocks by market capitalization, enhancing its visibility in the investment community, particularly for those seeking Bitcoin exposure. The move has sparked excitement in the crypto industry, with analysts predicting significant implications for institutional investment in Bitcoin.
MicroStrategy (MSTR) is set to join the Nasdaq 100 on December 23, with an announcement expected soon. This inclusion will position the software company, which has invested $25 billion in Bitcoin since 2020, among the top 100 stocks by market capitalization, potentially attracting significant institutional capital.The company currently holds nearly 425,000 BTC valued at over $42 billion, resulting in substantial unrealized profits. Analysts predict that MSTR could also be added to the S&P 500 by 2025, further enhancing its market presence.
Bitcoin reached a significant milestone this week, crossing $100,000 for the first time, with a current price around $99,000. A $1,000 investment made 10 years ago would now be worth approximately $268,384, reflecting a staggering 26,738% increase. The rise in value is attributed to increased institutional interest, particularly with the launch of bitcoin exchange-traded funds (ETFs), which have broadened access for investors.
Bitcoin surged past $100,000 for the first time, reaching $102,874.00, following President-elect Donald Trump's announcement of Paul Atkins as SEC chair, signaling a potential shift towards a more favorable regulatory environment for cryptocurrencies. Federal Reserve chair Jerome Powell likened bitcoin to digital gold, while institutional interest grows with the launch of spot bitcoin ETFs by major firms. Optimism surrounds the new administration's pro-crypto initiatives, suggesting a significant shift towards mainstream acceptance of digital assets.
Goldman Sachs has disclosed $718 million in Bitcoin ETF holdings, marking a significant shift from its previous skepticism towards digital assets. The largest investment is in BlackRock’s iShares Bitcoin Trust ETF, totaling approximately $461 million, with a 71% increase in holdings since last quarter. This change reflects a reevaluation of the bank's strategy amid growing institutional interest in Bitcoin.
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