Grayscale Investments has introduced the Grayscale Bitcoin Miners ETF (ticker: MNRS), a new exchange-traded fund that provides exposure to publicly traded Bitcoin mining companies.
El Salvador, the first country to recognize Bitcoin as legal tender, has made a significant policy adjustment, shifting away from mandatory Bitcoin acceptance in the private sector.
El Salvador's Congress passed a legislative amendment on Wednesday to alter the country's Bitcoin (CRYPTO: BTC) policy, making its acceptance voluntary rather than mandatory. What Happened: The move, introduced by President Nayib Bukele, was approved as part of efforts to meet conditions set by the International Monetary Fund in a $1.4 billion loan agreement, according to Reuters.
Grayscale's new ETF, MNRS, tracks Bitcoin mining firms and infrastructure, offering investors exposure to the mining industry without direct BTC investment.
Ripple price had a strong performance in January, outperforming popular cryptocurrencies like Bitcoin and Ethereum. Ripple (XRP) rose by over 50%, while Bitcoin (BTC) jumped by 12%, and Ethereum (ETH) fell by 6%.
On-chain investigator ZachXBT reported that Ripple was compromised for approximately 213 million XRP, valued at around $112.5M. In a recent post on X, ZachXBT flagged suspicious Ripple (XRP) transfers worth around $112.
Ales Michl, governor of the Czech National Bank (CNB), has revealed plans to propose adding Bitcoin to the bank's reserves, signaling a potential shift in national asset diversification strategy.
Metaplanet recently announced its plans to accumulate 10K Bitcoins by the end of 2025 and at least 21K by the end of next year.
This expands Robinhood's crypto offerings, giving users more ways to trade digital assets. This new feature from Robinhood lets users trade on price moves without owning BTC.
El Salvador's Legislative Assembly approved reforms to the nation's Bitcoin Law, altering key aspects of its applicability.
Grayscale has just launched its new Bitcoin Miners ETF, marked with the ticker MNRS, opening up a fresh way for investors to gain exposure to the growing Bitcoin mining industry.
The crypto world is buzzing with excitement! Ripple (XRP) and Solana (SOL) are showing strong bullish momentum, with experts predicting new highs this month.
As much as Donald Trump's re-election triggered a massive rally across multiple assets, XRP significantly benefited from the confirmation that the now-former Securities and Exchange Commission (SEC) Chair Gary Gensler would resign on January 20.
Norway's indirect bitcoin exposure via its sovereign wealth fund has risen to 3,821 BTC, according to K33 analyst Vetle Lunde.
Cryptocurrency analyst and trader Ali Martinez has published fresh data revealing a potential threat to the current bull market. He revealed a critical Bitcoin price level that must not be crossed by bears.
El Salvador makes Bitcoin acceptance voluntary in order to comply with an IMF loan agreement. The government intends to continue acquiring Bitcoin despite policy changes.
The Salvadoran government has urgently passed a major amendment to its bitcoin legislation, abandoning the requirement for companies to accept BTC as a means of payment. This reform comes as part of a $1.4 billion loan agreement with the International Monetary Fund (IMF).
Is Texas setting the stage for a financial revolution with its Bitcoin Reserve plans?
In the most recent development, Grayscale has rolled out Bitcoin Miners ETF with a ticker MNRS to support Bitcoin Mining and related ecosystems. Grayscale already offers Spot Bitcoin ETF with Spot Ether ETF, and MNRS is now the latest entrant to ETF investments by the asset management firm.
As January ends and February looms on the horizon, the cryptocurrency market is buzzing with anticipation for what many analysts predict could be the start of an altseason in Q1 of 2025, following the Bitcoin halving year's historical trend. This period is often marked by significant price movements in altcoins, with several already showing promising
Illinois has taken a significant step towards integrating crypto into its financial framework with the introduction of House Bill 1844 (HB1844).
Bitcoin is "hanging in there" despite the Fed causing volatility in the equities market, according to Santiment.
Norway's sovereign wealth fund saw a 153% year-over-year increase in indirect bitcoin exposure in 2024, according to K33 Research.
Tesla has announced a $600 million paper gain from its Bitcoin holdings in the fourth quarter of 2024, attributed to new accounting regulations.
JPMorgan analysts have identified that Bitcoin exhibits its highest correlation with small-cap tech stocks, particularly those in the Russell 2000 tech sector.
Illinois has proposed a bill for a state-run Bitcoin reserve. The state has a goal to use the world's first crypto as a financial savings technology.
Bitcoin (BTC), the world's largest cryptocurrency, has once again defied market expectations by surging past the $105,000 mark. Despite the Federal Reserve maintaining its hawkish stance on interest rates, the digital asset continues to show resilience, demonstrating its ability to decouple from traditional markets.
Standard Chartered see bitcoin reaching $130,000 in the next two months as institutional inflows accelerate and market sentiment shifts.
Ripple's XRP has outperformed most top cryptocurrencies this month. In the last 30 days, XRP has rallied by 52%, pushing the altcoin's market capitalization to $178 billion.
As XRP eyes a potential surge to $4, this new AI-driven altcoin, has garnered $1.2 million from Solana whales, positioning itself as a top investment opportunity.
Standard Chartered‘s Geoffrey Kendrick on Thursday predicted that Bitcoin (CRYPTO: BTC) will reach a new all-time high in the coming days, forecasting a price range of $112,000 to $130,000 for February and March. Kendrick's bullish outlook follows a recent market correction and is supported by various factors, including improved market positioning, positive regulatory developments and potential central bank adoption.
Crypto analyst Michaël van de Poppe said that there is a high chance Bitcoin will hit a new all-time high in the coming weeks.
The XRP Ledger (XRPL) is poised for a major upgrade with the launch of an AMM feature for RLUSD, while XRP continues to trade steadily at $3.10.
Tesla reports a $600 million gain from its Bitcoin holdings. Despite getting a hike from its Bitcoin holding Tesla missed analysts' expectations.
In a move to meet the requirements of a $1.4 billion loan agreement with the International Monetary Fund (IMF), El Salvador has made significant changes to its Bitcoin law. The country, which made headlines in 2021 as the first to adopt Bitcoin as legal tender, has now shifted its stance on Bitcoin payments for businesses.
BTC added nearly 3% in the past 24 hours after the FOMC meeting, reversing all losses from a Monday bloodbath that saw prices drop as much as 8%.
Ripple is on its way to new all-time highs, and the XRP price might break resistance soon. It faces stiff competition from the new altcoin DTX, which might rally to $10.
TL;DR Tesla's Bitcoin Surge: Tesla's BTC holdings soared to nearly $1 billion in Q4 2024, with a $600M gain driven by a cryptocurrency rally and a new accounting rule. Accounting Rule Shift: A FASB update let Tesla mark Bitcoin to market value, boosting earnings by reflecting unrealized gains instead of only losses.
Czech National Bank (CNB) Governor Aleš Michl said in a recent interview that he is set to present a Bitcoin investment plan to the board on Thursday, which, if approved, could see the apex bank potentially acquire $7 billion in BTC as part of its diversification strategy.
Texas prioritizes a state Bitcoin reserve, joining other states in the crypto reserve race. Senate Bill 21 advances Texas' digital asset strategy, enabling Bitcoin reserves via taxes and donations.
Jake Teshka, the representative of the US state of Indiana, has introduced legislative bill to seek Bitcoin ETF exposure for retirement funds. The regulated BTC ETFs made strong inroads into the US market last year with the total assets under management across 12 ETFs crossing $122 billion.
Grayscale has introduced the Grayscale Bitcoin Miners ETF (MNRS), providing investors with exposure to companies operating in the Bitcoin mining industry.
Illinois has become the latest state to propose a Bitcoin reserve, joining a growing list of states advancing similar bills.
TL;DR Halving Cycle Meets Institutional Demand: Bitcoin's four-year price cycle, driven by programmed supply cuts (halvings), faces disruption as institutional investors—via ETFs and corporate holdings. Regulatory Progress Eases Institutional Entry: Clearer crypto regulations, spurred by Trump's 2025 executive order, have legitimized Bitcoin for traditional finance.
The shares are now available at a deep discount, the report said.
Ripple's XRP has recently shifted into a more favorable zone, pushing above the $3 support area and setting its sights on breaking the $3.20 resistance. As long as XRP maintains its position above the $3 mark, the current bullish outlook remains valid.
Bitcoin, despite its 10% increase since January, could face a major correction as gold outperforms with annual gains of 20%. This inverse dynamic between the two assets raises concerns about an imminent reversal in the crypto market.
Debates on Ripple vs SEC lawsuit pick up as the XRP community hopes the Trump administration to resolve it by April or May. Moreover, the rumors of XRP lawsuit removal from the US SEC's website sparked significant market buzz.