Tag: Grayscale Bitcoin Trust

  • The Bitcoin FOMO Rally is Far from Over

    The Bitcoin FOMO Rally is Far from Over

    The Bitcoin rally is just getting underway. In fact, after crossing the $50,000 threshold, it could see higher highs. According to analysts at Bernstein, “Bitcoin’s best days are yet to happen as the ETF-driven market fuels fears of missing out (FOMO). In this context, they believe BTC is well-placed to soar to new record highs.”…

  • Cathie Wood’s ARK Invest Just Took a Big Position in BITO

    Cathie Wood’s ARK Invest Just Took a Big Position in BITO

    For quite some time, we’ve been talking about using the ProShares Bitcoin Strategy ETF (BITO) to benefit from the rise of Bitcoin (BTC). We’ve noted, “BITO mimics the price of Bitcoin as closely as possible without investing in the cryptocurrency itself. As noted by Money, “Like all crypto ETFs, part of the allure of BITO…