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Sol Strategies plans Nasdaq listing after 2,336% stock surge since July on Canadian exchange

The publicly-traded crypto holding company has reported a 2,336% increase in stock performance since July, as it continues to shed previous investments and double down on supporting the Solana ecosystem.

theblock.co • 12/12/2024 - 22:50 PM

The Daily: BlackRock recommends 1-2% bitcoin allocation, Step Finance plans tokenized stocks on Solana and more

BlackRock, the world’s largest investment firm with $11.5 trillion in assets under management and issuer of the largest spot Bitcoin ETF, recommended allocating up to 2% of multi-asset portfolios to bitcoin in an institutional investor report on Thursday. DeFi platform Step Finance acquired early-stage startup Moose Capital, aiming to bring tokenized stock trading of major companies like Nvidia and Tesla to Solana, targeting a Q1 2025 launch. Avalanche announced it raised $250 million in a locked token sale led by Galaxy Digital, Dragonfly and ParaFi Capital to support its Avalanche9000 upgrade. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 12/12/2024 - 19:08 PM

US spot Bitcoin ETFs surpass 500,000 BTC in cumulative net inflows

U.S. spot Bitcoin ETFs surpassed 500,000 BTC in inflows, with significant growth led by major funds like BlackRock's IBIT and Fidelity's FBTC, outpacing Satoshi's holdings.

theblock.co • 12/12/2024 - 10:52 AM

Bernstein predicts MicroStrategy's momentum to further accelerate amid potential Nasdaq 100 inclusion

Bernstein analysts expect MicroStrategy's strong performance to continue with Nasdaq 100 inclusion, despite concerns over premiums to NAV and its heavy bitcoin investments.

theblock.co • 11/12/2024 - 12:01 PM

US spot Bitcoin ETFs surpass Satoshi's estimated 1.1 million BTC holdings

U.S. spot Bitcoin ETFs have surpassed Satoshi Nakamoto's estimated 1.1 million BTC holdings, becoming the largest holders while attracting over $33 billion in inflows since trading began.

theblock.co • 06/12/2024 - 17:55 PM

21Shares CEO points to 'inflection point in the global order' as crypto hits mainstream popularity

Spot Bitcoin ETFs near anniversary with $600 billion trading volume; Bitcoin price skyrockets to over $100,000, fueled by institutional support and stablecoin adoption.

theblock.co • 06/12/2024 - 13:24 PM

Trump congratulates bitcoiners on $100,000 milestone as industry reacts to new all-time high

The crypto industry suggested bitcoin’s price still has room to grow this cycle, commenting on it surpassing the $100,000 milestone for the first time. Analysts primarily attributed the move to expectations of a crypto-friendly regulatory environment in the U.S. under Donald Trump, targeting $200,000 by the end of 2025.

theblock.co • 05/12/2024 - 14:15 PM

Global Ethereum investment products hit $2.2 billion annual inflow record amid US ETF surge

Ethereum-based investment products registered $634 million worth of net inflows globally last week, led by the U.S. spot ETFs, according to CoinShares. As a result, Ethereum funds reached a new annual record of $2.2 billion in net inflows, surpassing the $2 billion peak in 2021. Meanwhile, XRP funds hit a weekly inflow record, while Bitcoin products witnessed outflows.

theblock.co • 02/12/2024 - 15:33 PM

Ethereum ETF staking yield likely to be approved under crypto-friendly 'Trump 2.0' SEC, Bernstein says

Analysts at Bernstein said that despite ether’s underperformance this year, its fundamentals look strong, and the risk-reward ratio is now attractive. The potential for staking yields to be approved for spot Ethereum exchange-traded funds under Trump, the recent inflection in ETF inflows, favorable demand-supply dynamics, and a surge in activity on the blockchain were outlined as factors driving a revival of interest.

theblock.co • 02/12/2024 - 11:29 AM

INVESTMENT FIRMS

Michael Saylor advises Microsoft, ‘Bitcoin’s the best asset you can own’

MicroStrategy co-founder Michael Saylor advised Microsoft executives to adopt bitcoin. Saylor said adopting bitcoin could add hundreds of dollars to Microsoft’s stock price by 2034 and generate trillions of dollars in enterprise value, assuming the company fully embraced bitcoin.

theblock.co • 02/12/2024 - 05:12 AM

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