The “mini” trusts spun off from Grayscale’s legacy Bitcoin and Ether funds in July.
Bitcoin Regulation news
In an open letter to Donald Trump and Kamala Harris, Charles Cascarilla highlighted the role of stablecoins in maintaining the US dollar’s global dominance and improving banking efficiency.
Bhutan holds another $886 million worth of Bitcoin, which could introduce more selling pressure, as the country has been mining and holding Bitcoin for over five years.
Bitcoin price rallies as traders react to geopolitical and economic uncertainty, as the potential outcome of the upcoming US election.
The investment manager’s long term model puts BTC’s price at roughly $3 million by 2050.
It’s the first United States university endowment to report holding Bitcoin ETFs, according to Bloomberg.
Europe’s MiCA framework will enforce new bank reserve requirements for stablecoin issuers, raising concerns about systemic risks and stability.
Co-founder of the Satoshi Action Fund Dennis Porter dubbed the legislation the “Bitcoin rights” bill.
Since its introduction in 1999, the euro has lost approximately 85% of its value against gold due to monetary inflation.
The fund touts leveraged exposure to Bitcoin and gold as investors brace for inflation and geopolitical strife.