Tag: largest

Bitcoin enters world’s top 5 largest assets, surpassing Google, Silver, Amazon

coiner

Bitcoin (BTC) has overtaken Alphabet (Google) to become the world’s fifth most valuable asset by market capitalization. As of April 23, Bitcoin’s market cap surged to $1.87 trillion, edging past Alphabet’s $1.859 trillion valuation, according to asset ranking data. BTC is now behind only gold, Apple, Microsoft and Nvidia. Top assets by market cap. Source: CompaniesMarketCap.com Bitcoin beats Nasdaq 100 returns in April Bitcoin’s edge over Alphabet coincides with its ongoing “decoupling” from its long-standing correlation with US tech stocks, especially in April, when BTC’s price rallied 15% despite the…

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Australia's Largest Stock Exchange Approves It's Second Bitcoin ETF

coiner

Australia’s leading stock exchange, the Australian Securities Exchange (ASX), has approved listing the second Bitcoin exchange-traded fund (ETF) on its platform. BREAKING: 🇦🇺 Australia’s largest stock exchange has approved its second spot #Bitcoin ETF. pic.twitter.com/SY5vIGEm4a — Bitcoin Magazine (@BitcoinMagazine) July 9, 2024 On July 9th, the ASX gave the green light to digital asset manager DigitalX to launch a spot Bitcoin ETF. The new ETF will begin trading on July 12th under the ticker BTXX. This comes just weeks after the ASX approved its first Bitcoin ETF in June when it…

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Bitcoin Surpasses Silver To Become Second Largest ETF Commodity In The US

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Bitcoin exchange-traded funds (ETFs) have surpassed silver ETFs in the United States, securing their position as the second-largest ETF commodity, in terms of assets under management (AUM). The surge in popularity of Bitcoin ETFs signals a growing acceptance of BTC as a mainstream investment vehicle. As reported by The Block, Bitcoin’s ascent to becoming the second-largest ETF commodity in the U.S. marks a significant milestone for the Bitcoin market. This achievement is attributed to the increasing demand from institutional and retail investors seeking exposure to BTC. Silver, which has ~$11.5 billion…

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Bitcoin Can Save California’s Largest Pension Fund From Its Existential Problems

coiner

This is an opinion editorial by Dom Bei, the former Santa Monica Firefighters Union president. Author’s note: Pension issues have been in and out of the media for decades. My own background and perspective on these issues come from over a decade of experience as an executive board member for my local firefighter’s union. Additionally, I sat on my municipality’s pension advisory board, where I learned the fundamentals of pension funds. This is a complex issue, but one worthy of our time and attention due to its significance in the…

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