GameStop share valuation is still just relying on 'greater fools' theory, says Wedbush
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35 minutes ago
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Digital Asset Treasury Firms Plunge as Bitcoin Tumbles Below $117K, ETH Slides to $4.4K
Digital asset treasury (DAT) firms, seen as high-beta plays on crypto prices, sold off sharply on Friday as the August crypto rally showed signs of exhaustion. Strategy (MSTR) fell another 3% on Friday, extending its decline to 20% since July's high and 33% from the November 2024 all-time high. The MSTR/IBIT ratio dropped to 5.43, its lowest since March, signaling continued underperformance against BlackRock's iShares Bitcoin Trust (IBIT) and a return to levels last seen at the start of the year. Other bitcoin treasury stocks also declined, with Metaplanet (3350) down 9% and Nakamoto (NAKA) off 12% following the completion of its merger with KindlyMD to form a new bitcoin treasury entity. Breaking from the trend, KULR Technology (KULR) gained over 5% after reporting second quarter revenue growth of 63% year-over-year, the highest in its history, driven by its bitcoin-first balance sheet strategy. Firms with ETH-heavy portfolios suffered steeper losses. Bitmine Immersion Technologies and SharpLink Gaming, the two most prominent Ethereum strategy firms, declined 7% and 14%, respectively, in the early hours of the session. Solana-focused companies weren't spared either. Upexi (UPXI) plunged over 9%, while DeFi Development (DFDV) was 5% lower. BTC, ETH, SOL rally cools The move coincided with bitcoin (BTC) sliding below $117,000, extending its reversal from Thursday's short-lived spike to $124,000, a new all-time high. Ether (ETH) tumbled back after challenging its record high above $4,800, now barely holding the $4,400 level. DATs pursue a strategy to raise funds by selling equity and debt to accumulate cryptocurrencies, a playbook pioneered by Michael Saylor's Strategy. They are seen as a high-beta play on crypto prices, rising more when the underlying asset rallies, but suffering bigger drawdowns when the market cools. Most crypto-related stocks also traded lower during the session. Bitcoin miner Riot Platform and digital asset conglomerate Galaxy (GLXY) were lower by roughly 8%. Coinbase (COIN) was modestly down 1.6%, while Circle (CRCL) gained 3.5% following the successful completion of a secondary share in to access your portfolio
Yahoo
an hour ago
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Ethereum ETF Inflows Outpace Bitcoin ETFs for Fifth Straight Day
U.S. spot Ethereum ETFs have outpaced Bitcoin funds for a fifth straight trading day, a move market observers are tying to aggressive corporate accumulation purportedly draining exchange and OTC supply, among other macro factors. Ethereum funds took in $640 million to cap Thursday's trading session, led by BlackRock's ETHA ($520 million) and Fidelity's FETH ($57 million), after nearly $730 million on August 13, $523 million on August 12 and a record $1 billion tacked on August 11, data from Farside Investors shows. Invest in Gold American Hartford Gold: #1 Precious Metals Dealer in the Nation Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase Thor Metals Group: Best Overall Gold IRA Ethereum ETFs Smash Daily Record With Over $1 Billion in Investments Over the past five days, Ethereum ETF inflows have totaled $3.37 billion, against inflows of $966 million for Bitcoin ETFs over the same period. 'The primary driver of this week's shift is an unprecedented corporate accumulation of Ethereum, which represents significant new institutional capital,' Erhan Korhaliller founder of EAK Digital and convener of the Istanbul Blockchain Week, told Decrypt. Korhaliller pointed to a mounting supply squeeze situation where exchange balances sit at record lows, major OTC desks report 'no inventory left to sell,' and corporate entities continue to issue stock to accumulate ETH for their respective treasuries. Corporate interest and accumulation The amount of corporate interest is a bid that operates from structural, not cyclical, reasons, Korhaliller argues. It originates from 'three key factors that make Ethereum more attractive than Bitcoin,' he said. 'Unlike Bitcoin, Ethereum supports smart contracts, making it a versatile platform for building a wide range of applications,' he explained, pointing to other reasons such as staking and income-generating features that Bitcoin lacks and the diversity of earning opportunities across Ethereum's ecosystem. What's Driving Ethereum's Surge—And Can It Last? Still, several risks 'could reverse the flow,' Korhaliller warned, pointing to a 'historical market correction in September.' He also sees the possibility of retail profit-taking, despite prospects of institutional demand potentially absorbing the selling pressure. 'If this institutional trend persists, the base case is for ETH to reach $10,000 this cycle, with potential for more,' he said. 'The fundamental argument is that ETH's greater utility and yield-bearing properties will drive its outperformance against BTC.' Kelvin Koh, co-founder and CIO at Spartan Group, reads the shift as the start of a larger rotation into ETH. Ethereum's price is 'going a lot higher in the short term,' Koh told Decrypt, outlining several reasons including net flows on Ethereum ETFs surpassing Bitcoin's, digital asset treasury firms such as SharpLink Gaming and BitMine 'raising capital and continuing to accumulate,' as well as the ongoing strength of the 'stablecoin and real-world asset narratives.' The same factors that 'drove BTC from last ATH of $69K to $120K are now with ETH,' Koh added, prefiguring how the latter could break an all-time high of nearly $4,900 and 'trade a lot higher in the coming weeks.' At the time of writing, Ethereum is down some 2% on the day to $4,446 and remains up nearly 13% over the last week, according to data from CoinGecko. The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
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Bitcoin's Price Hits $120,000 as President Trump Signs an Executive Order to Allow Crypto in 401(k)s
Key Points President Trump recently signed an executive order allowing Bitcoin and other cryptocurrencies into 401(k) plans. While it has the potential to boost returns on a retirement portfolio, Bitcoin remains a highly volatile and speculative asset. Most investors should look to cap their exposure to Bitcoin within a retirement portfolio due to the risks involved. 10 stocks we like better than Bitcoin › In early August, President Donald Trump signed a new executive order to allow alternative assets such as cryptocurrencies into 401(k)s and other defined contribution plans. By the end of 2025, Bitcoin (CRYPTO: BTC) could be on its way to becoming a mainstream retirement asset. Not surprisingly, Bitcoin rallied on the news. It's currently trading at about $120,000 and appears poised to move higher. It's clear that the executive order is good for Bitcoin, but what does it mean for the way Americans save for retirement? A new approach to retirement It will likely take several months before the executive order has a major impact. The U.S. Department of Labor will still need to suggest and review guidelines. But a number of top asset managers are already preparing new investment products to help Americans save for retirement in an entirely new way. A notable example here is BlackRock, which introduced spot Bitcoin exchange-traded funds (ETFs) in January 2024. According to BlackRock, the days of the typical 60/40 portfolio (60% stocks, 40% bonds) may be coming to an end. The new template might be something along the lines of a 50/30/20 portfolio, where the 20% allocation will be for alternative assets covered by the executive order (not just cryptocurrencies, but also private equity and other investments). So, the big question becomes: How much of that 20% will go to Bitcoin and other cryptocurrencies? The thinking now is that anywhere from 5%-10% might be for Bitcoin. That's a huge increase, given that just 12 months ago, a 1% allocation to Bitcoin was considered aggressive. How much more will people be able to save for retirement? Boosting a Bitcoin allocation from 1% to 5% might not seem like a big deal. But over a long enough period of time, it could end up having a huge impact on the size of a future nest egg. According to some estimates, simply being able to boost your annual return by 0.5% each year will result in 15% more money in your 401(k) by the end of a 40-year period. Theoretically, that's something that Bitcoin can help investors achieve. During the past decade, Bitcoin has been one of the top-performing assets in the world. Last year, for example, Bitcoin posted a return of 125%. The year before that, Bitcoin also posted a triple-digit percentage return. So just imagine the impact of adding such a turbo-charged asset like Bitcoin to your investment portfolio for a long period of time. You might wind up with a truly enormous retirement nest egg. Risk factors All of this sounds fantastic, right? But if you look past the potential for significantly higher returns over a long period of time, there are definitely some real risks to consider when adding crypto to a retirement portfolio. First and most importantly, the price of Bitcoin does not always go up, contrary to public opinion. It is a highly volatile asset, prone to huge price swings on a monthly, weekly, and even daily basis. Moreover, in years when it is not the top-performing asset in the world, Bitcoin is often the worst-performing asset. In 2022, for example, Bitcoin lost 65% of its value. During its more than 15-year history, Bitcoin has seen dramatic pullbacks of 70% or more on multiple occasions. Just imagine if a significant portion of your retirement savings was in Bitcoin. In a matter of months, 70% or more of your wealth would have simply disappeared. After an entire lifetime of saving, you might be back to square one. Moreover, many investors may have absolutely no idea of the ways that crypto is entering their portfolios, without them even realizing it. Take target date funds, for example. BlackRock says it is working on a new crypto-flavored 401(k) target date fund that will be available sometime in the first half of 2026. It will include anywhere from a 5%-20% allocation to alternative investments, including crypto. So investors will really need to read the fine print to understand exactly what's in their retirement funds. A seemingly safe target date fund might be loaded up with Bitcoin or other equally volatile crypto. Bitcoin as a retirement catch-up tool For investors new to crypto, it's probably best to think of Bitcoin (and crypto in general) as a retirement catch-up tool. But it shouldn't be the centerpiece of a retirement strategy. In other words, if you are nearing retirement, sprinkling a bit of Bitcoin into your portfolio could help you catch up and meet your retirement goals. But just be aware -- at any point in time, the price of Bitcoin could collapse. So you will need to make sure that any crypto entering your retirement portfolio won't sink an entire lifetime of saving. Should you invest $1,000 in Bitcoin right now? Before you buy stock in Bitcoin, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Bitcoin wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $660,783!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,122,682!* Now, it's worth noting Stock Advisor's total average return is 1,069% — a market-crushing outperformance compared to 184% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 13, 2025 Dominic Basulto has positions in Bitcoin. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has a disclosure policy. Bitcoin's Price Hits $120,000 as President Trump Signs an Executive Order to Allow Crypto in 401(k)s was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
