The proposed ETF holds a diverse basket of crypto assets, include altcoins. It may face competition.
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Continued ETF inflows could help push Bitcoin to a new all-time high, which the asset came within $200 of on Oct. 29.
“Bitcoin is currently being used as a liquid proxy to hedge a Trump win,” which was previously seen as “underpriced,” according to an analyst.
While Donald Trump has been associated with broad support from the crypto community, many people in crypto have endorsed Kamala Harris as well.
Despite its recent price rally, search interest for “Bitcoin” on Google is still generating only a fraction of the traffic that “AI” has over the last week.
Alphabet and Google CEO Sundar Pichai said its AI business is “paying off” as the tech giant’s share price surged after the bell as it beat Wall Street estimates.
Miners including Cormint and TeraWulf are among the lowest-cost producers of Bitcoin, an important advantage amid tightening margins, CoinShares said.
Solayer says anyone can mint the yield-bearing sUSD token with at little as $5 in USDC.
The “mini” trusts spun off from Grayscale’s legacy Bitcoin and Ether funds in July.
The partnership could enhance the “financial utility of Bitcoin for our institutional clients,” wrote Calvin Shen, the chief commercial officer at Hex Trust.