EddieJayonCrypto

 16 Jul 24

tl;dr

IMC Chicago, a major trading firm with $169 billion in assets under management, has significantly increased its Bitcoin ETF holdings in the second quarter. The firm's 13F filings reveal a strategic shift towards Bitcoin funds by Ark 21Shares and Grayscale. IMC Chicago's holdings in Ark 21Shares' ARK...

IMC CHICAGO’S BITCOIN ETF HOLDINGS
IMC Chicago, a major trading firm with $169 billion in assets under management, has significantly increased its Bitcoin ETF holdings in the second quarter. The firm's 13F filings reveal a strategic shift towards Bitcoin funds by Ark 21Shares and Grayscale. IMC Chicago's holdings in Ark 21Shares' ARKB Bitcoin ETF surged to $13.41 million, and its investment in Bitwise's BITB ETF increased to $20.54 million. It also entered Grayscale's GBTC with a $5.37 million investment. However, the firm reduced its positions in certain ETFs, including Invesco Galaxy Bitcoin ETF and VanEck's HODL ETF. IMC Chicago's total investment in BTC ETFs reached $52.83 million for Q2, reflecting a growing institutional appetite for crypto exposure. This short-term trading strategy could potentially boost liquidity and market depth for these ETFs but also carries the risk of increased volatility.

ETF INFLOWS SURGE BEYOND $300 MILLION
Additionally, U.S. Spot Bitcoin ETFs saw a historic surge in investor interest, with total net inflows reaching $301 million. BlackRock's ETF IBIT and Ark 21Shares' ARKB ETF led the inflows, each attracting $117.2 million. The total assets under management for all U.S. Spot BTC ETFs soared past $16.1 billion, with BlackRock playing a significant role in this growth. This surge follows a pivotal endorsement from BlackRock CEO Larry Fink, who emphasized Bitcoin's evolving role in investment portfolios.

More about MicroStrategy Incorporated

Stock Market Analysis: MicroStrategy Incorporated

MicroStrategy Incorporated provides global business analysis software and services. The company is headquartered in Tysons Corner, Virginia.

Sector: Technology

Industry: Services-Prepackaged Software

Market Cap: 24.77 billion

Dividend Yield: None

Beta: None

Price Change (52 Weeks): -10.6%

Price/Earnings Ratio: 32.62

Price/Sales Ratio: -0.174

Shares Outstanding: 489,592,000

Revenue: $1,959.82 million

Return on Assets: -0.775

Return on Equity: -0.055

More about Coinbase Global Inc
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Company: Coinbase Global Inc

Description: Coinbase Global, Inc. provides financial infrastructure and technology for the crypto economy. The company is headquartered in Wilmington, Delaware.

Sector: FINANCE

Industry: FINANCE SERVICES

Market Cap: 53,538,951,000

Current Price: $42.75

Dividend Yield: None

Price/Earnings Ratio: 5.1

Return on Equity: 15.83%

Beta: 0.357

Revenue: 3,777,835,000

EPS: $263.42

Net Income: 3.27

P/E Ratio: 1.156

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More about Marathon Digital Holdings Inc

Marathon Digital Holdings Inc

Marathon Digital Holdings, Inc. is a cryptocurrency mining digital asset technology company with a focus on the blockchain ecosystem and digital asset generation in the United States. The company is headquartered in Las Vegas, Nevada.

Sector: Real Estate & Construction

Industry: Patent Owners & Lessors

Market Cap: 5872072000

Current Price: 12.98

Dividend Yield: None

EPS: 1.6

P/E Ratio: 2.402

ROE: 0.956

Revenue: 501574000

Debt-to-Equity Ratio: 23.31

Current Ratio: 0.764

Quick Ratio: 2.231

More about NVIDIA Corporation

NVIDIA Corporation

Nvidia Corporation is an American multinational technology company incorporated in Delaware and based in Santa Clara, California. It designs graphics processing units (GPUs) for the gaming and professional markets, as well as system on a chip units (SoCs) for the mobile computing and automotive market.

Industry: MANUFACTURING, SEMICONDUCTORS & RELATED DEVICES

Market Cap: 317.99 Billion

PE Ratio: 75.6

EPS: 0.016

ROI: 1.71

ROE: 3.234

Beta: 0.534

Revenue: 79.77 Billion

Stock Price: 121.52

Dividend Yield: 6.5%

Net Income: 2.621 Billion

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 13 Nov 24
 13 Nov 24
 13 Nov 24