2 hours ago
Grayscale, a popular crypto asset manager, launched a new ETF that offers exposure to Bitcoin mining, known as Grayscale Bitcoin Miners ETF (MNRS) . This is the world’s first such ETF, offering an alternative to investors who are looking for alternatives to direct investments in BTC. This ETF will invest in companies from the Indxx Bitcoin Miners Index. This index tracks the performance of companies that earn a major chunk of their revenue from Bitcoin mining activities. However, MNRS will make no investments through derivatives. Grayscale said that Bitcoin Miners are the backbone of the ever-growing Bitcoin community and a key component for Bitcoin adoption and usage. ‘Grayscale Bitcoin Miners ETF offers investors targeted exposure to Bitcoin miners and the global Bitcoin mining industry in a passively managed, rules-based, and index-tracked fund designed to evolve with the industry.’ – Grayscale. This launch has also come at a time when the Bitcoin mining industry hasn’t been doing that great. Most of the known firms recorded losses in 2024, despite Bitcoin surging 113%. Grayscale might have seen an opportunity here, especially after the appointment of pro-crypto POTUS Donald Trump. Whether Grayscale believes the mining industry charts have bottomed out is hard to say. However, the launch of MNRS is a positive sign in that direction. With Bitcoin looking promising to make new highs in the coming months, the whole crypto community is set to benefit, especially the meme coin segment. If you’re looking to take advantage of the upcoming bull run, we’ve got something perfect for you: Best Wallet Token ($BEST) . What is $BEST? $BEST is the native token of the Best Wallet App – a non-custodial decentralized crypto wallet that lets you manage your crypto portfolio on 60+ chains in one place. The Best Wallet App has been growing every minute since its launch, with over 250,000 monthly active users and 500,000 total users. The good news keeps coming as the app’s installation numbers are growing at a massive rate of 96.3% month-on-month, with an overall growth rate of 658% since its launch in November 2024. The $BEST token gives you access to some handy and exclusive features within the Best Wallet App – including a built-in card for everyday spending. For instance, you can get early insights into meme coins before their official claim dates and priority access to the best new cryptos with the potential to explode before they’re launched for the general public. The $BEST presale has been a mammoth hit so far. It went on to raise $1M within the first 14 days of its launch. Available at a price of just $0.0238 per token, the project has already raised over $8.7M. However, take note that the buying price is expected to increase in less than 24 hours, so you won’t get a chance to buy $BEST for this price again. Why Can $BEST Be the Next 100x Meme Coin? The developer team at Best Wallet has some ambitious plans for the project, and we’re here for it! For instance, Best Wallet aims to capture 40% of the crypto wallet market by 2026. The industry, by the way, is worth more than $10B. A major chunk of 40% would translate into an intrinsic valuation of a massive $4B. The app is also working towards the integration of Solana ($SOL) and the launch of Best Card for seamless crypto payments. This could add further fuel to its potential uptick. Check out $BEST’s litepaper and its X feed for more information. One of the best things is that users don’t need to comply with a tedious KYC process to get started with Best Wallet. At the same time, each token offered for presale on the app is vetted by their internal team, so you don’t have to worry about running into scam websites or tokens. Best Wallet is also ranked 4th in the crypto industry when it comes to wallet fundraising. It’s worth not losing sight of the fact that it’s the $BEST token that will ultimately benefit from the success of Best Wallet App. All things considered, including the fact that $BEST is backed by ace investors, the idea that it can be the next 100x meme coin isn’t as far-fetched as one might have originally thought. If you wish to invest in a revolutionary crypto wallet’s success, all you have to do is head over to Best Wallet Token’s official presale page . Alternatively, you can also buy $BEST directly from the Best Wallet App . However, since the crypto landscape is pretty unpredictable, we recommend you do your own research before putting your hard-earned money into any asset. Also, this article is not intended to be financial advice, and it can be a wise move to reach out to a professional for financial guidance before making a move in the markets.
NewsBTC
You can visit the page to read the article.
Source: NewsBTC
Tags :
Cryptocurrency Market News
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
BTC Steady Above $100K, Fed Maintains Interest Rates, ETF Filings Pile Up: Your Weekly Crypto Recap
It was another eventful week in the cryptocurrency space and it all began on Monday morning as a Chinese AI company splashed the waters. DeepSeek arrived at the scene with a bang, indicating that it can do everything ChatGPT does but is faster and cheaper, which put into question the need for highly powerful chips from giants like Nvidia. Aside from the market-wide crash in stocks, including NVDA’s double-digit dump, the news sent shockwaves across crypto as well. BTC stood around $105,000 ahead of the Monday morning Asian trading session but slumped in hours by several grand to a multi-week low of under $98,000. The altcoins followed suit, but this otherwise violent correction didn’t last long. By Tuesday morning, the asset had reclaimed the coveted $100,000 mark despite another brief slip below it. The markets calmed for the next few days or so in anticipation of the first FOMC meeting of the year and the first under Trump. Once that took place and it became known that the US central bank will not change the key interest rates, BTC headed south immediately by $1,500. However, it bounced off on Thursday and spiked to $106,500 where it faced another reaction. After another correction to $104,000 earlier today, bitcoin’s price movements have calmed, and the asset stands at around $105,000 as of press time. The weekly charts are predominantly in the red, with SOL emerging as the poorest performer within this timeframe. It’s down by 11% after last week’s all-time high amid the TRUMP token mania. DOGE, HBAR, SHIB, and XLM are also deep in the red, while OM has soared by nearly 50% since last Friday. Market Data Crypto Weekly. Source: QuantifyCrypto Market Cap: $3.744T | 24H Vol: $120B | BTC Dominance: 55.6% BTC: $104,830 (-0.85%) | ETH: $3,352 (-1.5% ) | XRP: $3.09 (-3%) This Week’s Crypto Headlines You Can’t Miss Nvidia Stock Crashed 17% as DeepSeek OpenSource AI Revolution Slaps Down US Stocks . The week started with some big AI news from China as DeepSeek emerged as a cheaper and simpler alternative to ChatGPT. This sent shockwaves across Wall Street and crypto, with BTC tumbling below $100,000 briefly and Nvidia’s stock crashing by double digits. CBOE Restarts US Solana ETF Race With Filings for 4 Asset Managers . The seemingly more favorable regulatory environment in the US toward the crypto industry has propelled many asset managers to submit filings for locally-based digital asset ETFs. Solana is among the leaders, as CBOE filed applications for SOL ETFs from four leading asset managers. Bitcoin Price Drops by $1K as US Federal Reserve Maintains Interest Rates . BTC’s aforementioned drop from $103,000 to $101,500 after the US Federal Reserve’s move to keep the interest rates as is was short-lived. Nevertheless, the uncertainty about the US economy, inflation state, and future Fed decisions remains with Trump at the helm. 5 Reasons to Be Bullish on Ethereum (ETH) Despite January Drop . ETH is among the most underwhelming performers during this bull cycle, with its price failing to come anywhere near its 2021 all-time high of over $4,800. However, Etherealize founder Vivek Raman outlined five reasons why investors should feel bullish on ETH, but the apparent lack of whale activity suggests otherwise, at least for the short term. Elon Musk-Led Tesla Reports Massive $600M Bitcoin Gain in Q4, 2024 . A new rule in the US reporting book that allows firms to adjust digital asset valuations quarterly based on market prices allowed Elon Musk’s Tesla to report a substantial $600 million paper profit on its BTC investment that was made nearly four years ago. Litecoin ETF One Step Closer to Approval: Will the SEC Finally Say Yes? Aside from SOL, the other larger-cap altcoins that have seen some movements on the ETF front include LTC and XRP . The former even surged by double digits this week as the US SEC officially recognized Canary Capital’s proposal for a Litecoin ETF and the review process has not begun. Charts This week, we have a chart analysis of Ethereum, Ripple, Cardano, Binance Coin, and Solana – click here for the complete price analysis. The post BTC Steady Above $100K, Fed Maintains Interest Rates, ETF Filings Pile Up: Your Weekly Crypto Recap appeared first on CryptoPotato . NewsBTC
MicroStrategy’s Preferred Stock Offering Suggests Potential for Increased Bitcoin Acquisitions and Market Growth
MicroStrategy’s recent capital raise illustrates the company’s unwavering commitment to Bitcoin accumulation amidst a rapidly evolving crypto landscape. By offering 7.3 million shares of its newly introduced perpetual preferred stock, NewsBTC
