Tag: Digital Assets
Michigan Pension Fund Invests $6.6 Million in Bitcoin ETF for Portfolio Growth
The State of Michigan Retirement System recently made a significant investment by adding $6.6 million in Bitcoin ETF holdings. This move, which includes 110,000 shares in ARK 21Shares Bitcoin ETF (ARKB), was disclosed in...
Michigan Pension Fund Invests $6.6 Million in Bitcoin ETFs
The State of Michigan Retirement System recently invested $6.6 million in 21Shares’ ARKB Bitcoin ETF. This disclosure comes as more US state pension funds are starting to buy spot Bitcoin ETFs. Michigan's pension fund...
Bitcoin’s Potential: 7% of Global Wealth, Price Surge to $13M in 21 Years
Michael Saylor, the executive chairman of MicroStrategy, continues to show his strong belief in Bitcoin (BTC) during the Bitcoin 2024 conference in Nashville. Saylor predicts that Bitcoin's price could surge to an astonishing $13...
Jersey City Pension Fund Updates Documents to Include Bitcoin ETF Exposure
Jersey City Mayor Steven Fulop recently made an announcement regarding the city's pension fund. The pension fund is updating its documentation with the US Securities and Exchange Commission (SEC) to include exposure to Bitcoin...
Jersey City Mayor Invests Pension Fund in Bitcoin ETFs – CoinJournal Report
Jersey City Mayor Steven Fulop has announced his plans to invest a portion of the city's pension fund into Bitcoin ETFs. This move, according to Fulop, is a strategic investment in the potential of...
Cryptocurrency Market Update: CoinDesk 20 Index Drops 4.4% with Broad-Based Decline
The cryptocurrency market saw a significant decline today, with the CoinDesk 20 Index dropping by 4.4%. This broad-based decrease affected a wide range of cryptocurrencies, reflecting a general downturn in the market. CoinDesk, the media...
Coinbase Launches Tokenized Money-Market Fund Following BlackRock’s BUIDL Success
Coinbase Asset Management is venturing into the world of tokenized money-market funds, as reported by four sources familiar with the initiative. This move comes amidst a growing trend in the crypto space towards tokenization...
Biden’s Proposed Bitcoin Mining Tax Criticized by Lummis
Senator Cynthia Lummis of Wyoming has strongly criticized President Biden's proposed 30% tax on Bitcoin miners, calling it a "dangerous scheme" and an "attack on innovation." She believes that such a high tax rate...
Multipool Secures Strategic Investment from Kronos Research: CoinJournal Update
Multipool, a prominent player in the blockchain and cryptocurrency industry, has recently secured a strategic investment from Kronos Research, as reported by Chainwire on July 23rd, 2024. This investment highlights Kronos's belief in on-chain order...
Bitcoin and Ethereum ETFs: $1 Billion Inflows Signal Growing Interest
Bitcoin and Ethereum ETFs have been gaining significant attention in the investment world, with nearly $1 billion in inflows recorded since Friday. This surge in interest is a positive sign for the digital asset...
