opinion

Bloomberg Analyst "ArcInvest Seems to Clean Up GBTC Pending Approval of Its BTC Spot ETF"

"Cashwood's ArcInvest appears to be cleaning out its Grayscale Bitcoin Trust (GBTC) until its Bitcoin spot ETF is approved," Bloomberg ETF analyst Eric Balchunas said on his X (formerly Twitter). "Normally, one would buy more GBTC to keep the weighting (in the ETF portfolio) at 9-11%, but it appears that ArkInvest has been selling GBTC and buying Coinbase shares in recent days to ensure that the BTC spot ETF-related stocks maintain the same percentage in the portfolio," he explained. Grayscale is looking to convert GBTC to a BTC spot-based ETF, while ArkInvest's Ark 21 Shares Bitcoin ETF (ARKB) was registered with the U.S. Depository Trust and Clearing Corporation (DTCC) on Nov. 19. ArkInvest has been selling GBTC since November 24th (local time) and currently holds a 5.5% weighting in its portfolio.

Bitcoin recovers $64,000 price after 42-day Bitcoin correction, absorbing more than $3 billion in selling pressure

BTC has regained $64,000, according to Coinness Market Monitor. On the Binance USDT market, BTC is trading at $64,102.48. "Bitcoin has completed a 25.6% correction that lasted 42 days," an anonymous crypto trader, Rekt Capital, told X. "It's been a long

blockchain crypto cryptocurrency Altcoins have topped out (SpotedCrypto)

Andrew Kang: "Altcoins have topped out, except for some memes"

As Andrew Kang, co-founder of crypto investment firm Mechanism Capital, recently told X, "A common mistake crypto investors make is buying too quickly when an uptrend turns down. The correction is longer and deeper than most people expect. When the majority are liquidating and questioning that crypto is dead,

blockchain crypto cryptocurrency michael saylor btc rise to 10m (Spoted Crypto)

Michael Saylor "BTC to rise to $10 million"

Michael Saylor, founder of MicroStrategy, which holds the most Bitcoin by a single company, said in a YouTube podcast that "Bitcoin will go to $10 million". "BTC is the perfect money, it's economically immortal. Economics is a quasi-religious humanities discipline, full of people's

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