The first Bitcoin Futures ETF to be approved by the U.S. Securities and Exchange Commission began trading on Tuesday. It has become the fastest fund ever to reach $1 billion in assets under management (AUM). The previous record-holder was a gold-based ETF with the ticker GLD, which took 3 days to hit $1 billion in…
‘The B word’ event took place yesterday and was aimed at encouraging institutional investors to adopt Bitcoin. The main focus of peoples attention was the hour-long discussion between Elon Musk, Jack Dorsey and Cathie Wood surrounding Bitcoin. There were many topics covered, so we’re going to briefly outline the highlights for anyone who missed it….
The Grayscale Bitcoin Trust (GBTC) is an investment vehicle that allows investors to trade shares in a trust holding a large amount of Bitcoin. This essentially provides a way for institutions to invest in Bitcoin through the stock market without having direct exposure to the crypto asset. The trust currently holds 654,885 BTC which accounts…
A twitter post by Jack Dorsey at the end of June sparked a conversation between Elon Musk and him. The twitter post was regarding the upcoming Bitcoin event ‘The B Word’, which aims to encourage institutional investors to adopt Bitcoin. Musk replied to the tweet “Bicurious?”, poking fun at the name of the event. In…
The Scalability Issue Bitcoin has faced a number of challenges over the years but perhaps the biggest challenge has been scalability. This is because of the block size limit of Bitcoin blocks. The blocks, formed every 10 minutes, are like a page in a ledger that records all the transactions during that period of time….
Its important when looking for a cryptocurrency exchange that you choose one that meets your needs. Today I’m going to review a few of the top crypto exchanges and point out their respective strengths and weaknesses. Before I get begin, it’s important to note a few things. If you hold your cryptocurrency on an exchange…
