tl;dr
City State Bank, based in Iowa, disclosed its investment in Bitcoin (BTC) through BlackRock and Grayscale's BTC exchange-traded funds (ETFs) in its recent 13F filing dated July 8, 2024. The bank purchased 33 units of BlackRock's iShares Bitcoin Trust (IBIT) and maintained its holdings in Grayscale's...
City State Bank, based in Iowa, has disclosed its investment in Bitcoin (BTC) through BlackRock and Grayscale's BTC exchange-traded funds (ETFs) in its recent 13F filing dated July 8, 2024. The bank purchased 33 units of BlackRock's iShares Bitcoin Trust (IBIT) and maintained its holdings in Grayscale's Bitcoin Trust (GBTC). This move signals growing interest in the crypto market and reflects a wider trend of traditional financial institutions diversifying into digital assets.
Bank of New Hampshire (BNH), a subsidiary of Toronto Dominion, also revealed its Bitcoin ETF exposure, investing $9,389 in BlackRock's IBIT ETF, indicating a strategic move into the crypto space. The disclosures hint at the beginning of Round 2 of 13F filings for Spot Bitcoin ETFs, suggesting potential further Bitcoin ETF adoption by other institutions and fund managers in the coming days.
In the latest 13F filing, City State Bank reported the purchase of 33 units of the BlackRock iShares Bitcoin Trust (IBIT) during the second quarter, reflecting its growing interest in the crypto market. Additionally, it has maintained its holdings in the Grayscale Bitcoin Trust (GBTC), signaling sustained confidence in the long-term potential of Bitcoin.
The adoption of these ETFs by traditional institutions like City State Bank highlights the increasing acceptance of Bitcoin as a legitimate asset class within mainstream finance. Bank of New Hampshire's investment in BlackRock's IBIT ETF, as a subsidiary of Toronto Dominion, signifies a broader strategic alignment within the TD group towards embracing the potential of cryptocurrencies.
The coming days could see further Bitcoin ETF adoption by other institutions and fund managers, as Round 2 of the 13F filings for Spot Bitcoin ETFs has begun.
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ASE Industrial Holding Co Ltd ADR Summary
Industry: Manufacturing - Semiconductors & Related Devices
Market Cap: $25.29 billion
Current Price: $23.90
52-Week Range: $5.20 - $23.90
Price/Earnings Ratio: 0.49
EPS: $271.43
Dividend Yield: 0.0541
Shares Outstanding: 583.83 million
Beta: 0.9
Volatility: -0.019
Performance: 0.015
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Industry: FINANCE
Sector: STATE COMMERCIAL BANKS
Market Cap: 285,237,000
P/E Ratio: 7.92
EPS: 0.93
ROE: 2.91%
Dividend Yield: 13.01%
Beta: 0.224
Shares Outstanding: 159,515,000
Next Earnings Date: None
Price Change (1yr): -21.6%
Price Change (YTD): -4.6%
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Industry: ENERGY & TRANSPORTATION
Sub-industry: DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT
Volume: 13,711,600
Market Cap: None
P/E Ratio: None
EPS: -3.55
Revenue: 4.196
Net Income: -0.162
Shares Outstanding: 20,756,000
Dividend: None
Dividend Yield: 0
Beta: 0.463
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Company: Forum Energy Technologies Inc
Industry: Oil & Gas Field Machinery & Equipment
Market Cap: 194.205B
Headquarters: Houston, Texas
Change: -2.36
Current Price: $70.19
Change (%): -3.42%
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RSI: 30
Support Level: -0.578
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