Jamie Crawley is a CoinDesk news reporter based in London.
Gold: $2,504 +2.1%The crypto market was in quiet mode during the Asian and European mornings to end the week,ETH lost 0.7%, while SOL led gains, adding 0.44%. The broader digital asset market, as measured by the CoinDesk 20 Index, is about 0.39% higher. Bitcoin capitulated to under $57,000 late Thursday, a drop for which there was no obvious catalyst, given that both the Nasdaq and S&P 500 were ticking upward at the time..
Following the software company's 10:1 stock split earlier this month, the pension fund now owns 245,000 MSTR shares valued at $32.32 million, based on Thursday's closing price of $131.93. The purchase can be seen as an indirect investment in bitcoin because MicroStrategy is the largest corporate holder of the largest cryptocurrency. Earlier this month, Wall Street broker Benchmark raised its price target on the Michael Saylor-led firm to $2,150 from $1,875.
The SEC extended its review period multiple times after publishing the NYSE proposal for public comment in February, eventually initiating formal proceedings in April. The proposal was withdrawn by the exchange before a final decision was made. CBOE, where a number of the bitcoin ETFs are traded, also withdrew its application, but has since refiled with a much more extensive proposal, according to documents spotted by Bloomberg's James Seyffart.
BlackRock's iShares ETF has recently eclipsed Grayscale's Bitcoin Trust as the largest in terms of AUM. Grayscale's GBTC, having already existed in a different form for several years, had a massive headstart on the debuting ETFs when they listed in January, but has experienced significant outflows to its competitors since.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
First Mover Americas: BTC Muted After Crypto Goes Unmentioned in Musk-Trump InterviewJamie Crawley is a CoinDesk news reporter based in London.
Read more »
First Mover Americas: Crypto Prices Little Changed, XRP SurgesJamie Crawley is a CoinDesk news reporter based in London.
Read more »
First Mover Americas: BoJ Comments Offer Relief to CryptoJamie Crawley is a CoinDesk news reporter based in London.
Read more »
First Mover Americas: Crypto Rebounds From Monday's ChaosJamie Crawley is a CoinDesk news reporter based in London.
Read more »
First Mover Americas: Bitcoin Crashes to $50K as 'Perfect Storm' Hits Crypto MarketKrisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH.
Read more »
First Mover Americas: Crypto Markets Reel on Geopolitical RiskJamie Crawley is a CoinDesk news reporter based in London.
Read more »