Latest news with #GBTC
Yahoo
19 hours ago
- Business
- Yahoo
The Zacks Analyst Blog Highlights MicroStrategy, Grayscale Bitcoin Trust ETF, iShares Bitcoin Trust, Fidelity Wise Origin Bitcoin Trust, ARK 21Shares Bitcoin ETF and Bitwise Bitcoin ETF
For Immediate Release Chicago, IL – August 18, 2025 – announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: MicroStrategy MSTR, Grayscale Bitcoin Trust ETF GBTC, iShares Bitcoin Trust IBIT, Fidelity Wise Origin Bitcoin Trust FBTC, ARK 21Shares Bitcoin ETF ARKB and Bitwise Bitcoin ETF BITB. Here are highlights from Friday's Analyst Blog: Bitcoin Hits Record High: ETFs in Focus Bitcoin recently rose above $124,000, hitting a fresh record as institutional buying and expectations of looser monetary policy in the United States fueled the rally. The world's largest cryptocurrency has climbed about 30% so far this year and soared 60% from April's market lows. Institutional Inflows and Corporate Adoption A key driver of this rally has been inflows into spot exchange-traded funds and corporate purchases of bitcoin. Several public companies have followed the strategy of software-firm-turned-bitcoin-giant MicroStrategy, adding bitcoin to their balance sheets as a strategic reserve asset. 401(k) Crypto Access Could Expand Retail Participation The Trump administration's pro-crypto stance is another key driver. Last week, President Trump issued an executive order directing the Labor Department to explore allowing 401(k) retirement plans to hold cryptocurrencies and other alternative assets—a move that could boost retail access to bitcoin. Fed Rate Cut Bets Bitcoin is viewed as a risk-on asset. Expectations of a Federal Reserve interest rate cut in September, hence, boosted prices of most cryptocurrencies along with equities. Market watchers also anticipate Trump's next Fed chair appointment will favor looser monetary policy, further boosting risk-on assets like bitcoin. Ethereum Nears All-Time High Ethereum also saw strong gains on Aug. 13, 2025, with prices rising nearly 6% to above $4,700—ust shy of its 2021 record highs. Ether has risen more than 50% since the GENIUS Act was passed, setting rules for the stablecoin industry. Companies are increasingly adding ether to their reserves in order to gain exposure to blockchain infrastructure powering decentralized finance (DeFi) and stablecoins. This week, ethereum-focused treasury firm Bitmine Immersion Technologies announced plans to sell up to $20 billion in stock to expand its ether holdings. Regulatory Clarity Boosts Market Confidence The U.S. Securities and Exchange Commission's launch of 'Project Crypto,' an initiative to modernize the agency and clarify digital asset rules, has further strengthened investor sentiment. Fundstrat forecasts ETH could rise as high as $15,000 by year-end, as quoted on Yahoo Finance. Bitcoin ETFs in Focus Against this backdrop, one can invest in Bitcoin-based exchange-traded funds (ETFs). These are Grayscale Bitcoin Trust ETF, iShares Bitcoin Trust, Fidelity Wise Origin Bitcoin Trust, ARK 21Shares Bitcoin ETF and Bitwise Bitcoin ETF. Boost Your Portfolio with Our Top ETF Insights Zacks' exclusive Fund Newsletter delivers actionable information, top news and analysis, as well as top-performing ETFs, straight to your inbox every week. Don't miss out on this valuable resource. It's free! Get it now >> Zacks Investment Research 800-767-3771 ext. 9339 support@ Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit for information about the performance numbers displayed in this press release. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report MicroStrategy Incorporated (MSTR) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research 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
Globe and Mail
11-08-2025
- Business
- Globe and Mail
Bitcoin Continues to Hold All the Key Levels on Setbacks, Fibonacci
Bitcoin (BTCUSDT) (GBTC) (BITO) There are two methods we use at ONE44 to find support and resistance in the markets. The first are major Gann squares, these are the yellow horizontal lines on the chart. The second is Fibonacci retracements. This is our latest Video on how to use the Fibonacci retracements with the ONE44 rules and guidelines. NEW VIDEO In the update below we have the swing point and what to look for above and below based on the two methods of analysis. Bitcoin From last week, The high this week hit the 122.481 major Gann square and this will be the key level for next week. Use 122,481 as the swing point for the week. Below it, the short term target is 23.6% back to the 4/7/25 low at 111,546, this is also a major Gann square. The longer term... The current low is just short of the short term target at 111,546 and this will be the key level for the week. Use 111,546 as the swing point for the week. Above it, the short term target is 78.6% back to the 7/14/25 high at 120,500. A failure to turn lower from this area will give us only major Gann squares to look for resistance and then use as the swing point when closed above, the next two are 129.879 and 136,938. Below it, the short term target is the 105,403 major Gann square and 38.2% of the same move at 104,750. The long term target is 23.6% back to the 2022 low at 97,820. You can sign up here for free Gold, Crude Oil, SP500 & Bitcoin Updates. ONE44 Analytics where the analysis is concise and to the point Our goal is to not only give you actionable information, but to help you understand why we think this is happening based on pure price analysis with Fibonacci retracements, that we believe are the underlying structure of all markets and Gann squares. If you like this type of analysis and trade the Grain/Livestock futures you can become a Premium Member. You can also follow us on YouTube for more examples of how to use the Fibonacci retracements with the ONE44 rules and guidelines. FULL RISK DISCLOSURE: Futures trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Commission Rule 4.41(b)(1)(I) hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. Past performance is not necessarily indicative of future results.
Yahoo
23-07-2025
- Business
- Yahoo
Grayscale ETF Head David LaValle to Exit as Firm Eyes IPO: Report
David LaValle, the global head of ETFs at Grayscale Investments, is set to leave the crypto asset manager at the end of July, Unchained reported, citing people familiar with the matter. LaValle joined Grayscale in July 2021 as the firm was grappling with investor dissatisfaction over the widening discount of its flagship Bitcoin Trust (GBTC). At the time, the trust held around $25 billion, making company the largest crypto asset manager. Its price lagged far behind the value of the bitcoin it held, frustrating shareholders. While much of the attention around GBTC's eventual conversion to a spot bitcoin ETF focused on Grayscale's court battle with the SEC, LaValle was instrumental behind the scenes. He worked to secure launch partners and authorized participants, Unchained reports. Still, the conversion hasn't been the growth engine Grayscale might have hoped for. In the year and a half since, BlackRock's iShares Bitcoin Trust (IBIT) has taken overtaken Grayscale's ETF with over $87.9 billion in assets. GBTC's assets have shrunk to under $22 billion, according to SoSoValue data. LaValle's exit follows last year's resignation of CEO Michael Sonnenshein, who was replaced by Peter Mintzberg. The firm confidentially submitted a draft S-1 registration statement with the SEC earlier this month, indicating plans for an IPO. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Globe and Mail
16-07-2025
- Business
- Globe and Mail
Bitcoin ETF (GBTC) Hits New 52-Week High
For investors seeking momentum, Grayscale Bitcoin Trust ETF GBTC is probably on the radar. The fund just hit a 52-week high and soared 135.2% from its 52-week low of $39.56 per share. Are more gains in store for this ETF? Let us take a quick look at the fund and the near-term outlook on it to get a better idea of where it might be headed: GBTC in Focus Grayscale Bitcoin Trust is the first Bitcoin ETF that enables investors to gain exposure to Bitcoin in the form of a security, while avoiding the challenges of buying, storing and safekeeping it directly. It owns and passively holds actual Bitcoins through its Custodian, Coinbase Custody. Grayscale Bitcoin Trust is a cheaper version of Bitcoin, charging 1.50% in annual fees from investors (see: all the Cryptocurrency ETFs here). Why the Move? Bitcoin has been an area to watch lately, given the meteoric rise in the world's largest cryptocurrency. Bitcoin has soared to a new all-time high, surpassing $120,000 for the first time in its history. The explosive rally was driven by renewed institutional demand, robust spot Bitcoin ETF inflows and growing optimism surrounding global crypto adoption. The rally also reflects broader investor appetite for alternative assets amid a shifting macroeconomic landscape. More Gains Ahead? GBTC might remain strong, given its weighted alpha of 87.60 and lower 20-day volatility of 33.6%. There is still some promise for investors who want to ride on this surging ETF. Want key ETF info delivered straight to your inbox? Get it free >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report This article originally published on Zacks Investment Research (
Yahoo
14-07-2025
- Business
- Yahoo
Bitcoin ETF (GBTC) Hits New 52-Week High
For investors seeking momentum, Grayscale Bitcoin Trust ETF GBTC is probably on the radar. The fund just hit a 52-week high and soared 135.2% from its 52-week low of $39.56 per more gains in store for this ETF? Let us take a quick look at the fund and the near-term outlook on it to get a better idea of where it might be headed: Grayscale Bitcoin Trust is the first Bitcoin ETF that enables investors to gain exposure to Bitcoin in the form of a security, while avoiding the challenges of buying, storing and safekeeping it directly. It owns and passively holds actual Bitcoins through its Custodian, Coinbase Custody. Grayscale Bitcoin Trust is a cheaper version of Bitcoin, charging 1.50% in annual fees from investors (see: all the Cryptocurrency ETFs here). Bitcoin has been an area to watch lately, given the meteoric rise in the world's largest cryptocurrency. Bitcoin has soared to a new all-time high, surpassing $120,000 for the first time in its history. The explosive rally was driven by renewed institutional demand, robust spot Bitcoin ETF inflows and growing optimism surrounding global crypto adoption. The rally also reflects broader investor appetite for alternative assets amid a shifting macroeconomic landscape. GBTC might remain strong, given its weighted alpha of 87.60 and lower 20-day volatility of 33.6%. There is still some promise for investors who want to ride on this surging ETF. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report This article originally published on Zacks Investment Research ( Zacks Investment Research
