Tag: ETF

Cathie Wood’s Ark Invest Buys $9M Worth of BMNR Stock

By Marco Piccolo Key highlights: Ark Invest acquired 240,507 shares of BitMine Immersion (BMNR), valued at approximately $9 million, across three ETFs. The move follows a broader strategic shift by Cathie Wood toward Ethereum-focused assets despite recent cuts to Bitcoin projections. BitMine remains the largest Ethereum treasury holder, with nearly 3.4 million ETH, and aims […]

JPMorgan Analysts Forecast Bitcoin Could Hit $170,000 Within a Year

By Marco Piccolo Key highlights: JPMorgan analysts project Bitcoin could rise to $170,000 within 6–12 months, driven by normalized leverage and improved risk-adjusted appeal relative to gold. Recent deleveraging in perpetual futures and modest ETF outflows indicate a more stable market environment. Bitcoin now appears undervalued compared to gold on a volatility-adjusted basis, suggesting substantial […]