Straits Times Index
3,322.62 +14.72 (+0.45%) S&P 500
5,307.01 -14.40 (-0.27%) Dow
39,671.04 -201.95 (-0.51%) Nasdaq
16,801.54 -31.08 (-0.18%) Bitcoin USD
69,711.26 -384.90 (-0.55%) CMC Crypto 200
1,499.79 -2.87 (-0.19%)
Bitwise Crypto Industry Innovators ETF (BITQ)
After hours:
- Yahoo Finance Video
Grayscale CEO Michael Sonnenshein steps down
Grayscale CEO Michael Sonnenshein is stepping down after more than a decade at the investment firm. He will be succeeded by Peter Mintzberg in August, who is the current Global Head of Strategy for Goldman Sachs' Asset and Wealth Management division. Yahoo Finance's Jared Blikre and Julie Hyman break down Sonnenshein's instrumental role in Grayscale and the future of its bitcoin ETF (GBTC). For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Melanie Riehl
- Yahoo Finance Video
Bitcoin ETFs saw record outflows around Fed rate decision
Bitcoin (BTC-USD) is holding above $58,000 after falling to a two-month low ahead of the Federal Reserve's interest rate decision on Wednesday. Yahoo Finance Senior Markets Reporter Jared Blikre monitors the action occurring in the crypto space, taking a closer look at downward movements seen in spot bitcoin ETFs. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
Bitcoin ETFs have almost been like an IPO in crypto: Bitwise CEO
Reporting live from the Bitcoin (BTC-USD) Investor Day event in New York City, Yahoo Finance's Brad Smith is joined by Bitwise Asset Management Co-Founder and CEO Hunter Horsley to talk about bitcoin ETF activity as traditional investors become more encouraged to invest in crypto via ETFs.. Bitwise runs its own spot bitcoin ETF (BITB) and several crypto industry ETFs (BITC, BITQ, BITW, BTOP). "The Bitwise bitcoin ETF, in two months, has grown to over $2 billion in assets. It was in one of the 25 fastest ETFs to a billion [dollars] in the 30-year history of ETFs," Horsley explains. "And what that represents is a whole new class of investors who feel they've heard about bitcoin for a long time, but finally, in 2024, they can participate. They can access it." Horsley also comments on bitcoin's price action and the likelihood of the Securities and Exchange Commission (SEC) approving a spot ethereum (ETH-USD) ETF. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.
