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It appears that crypto exchange-traded funds (ETFs) are in for another week of substantial net flows, with Ethereum (ETH) facing extreme selling pressure. Namely, BlackRock has dumped 117,144 ETH over the past 24 hours, worth around $507 million, while buying 1,166.79 Bitcoin (BTC) in the meantime, worth approximately $131.5 million, according to data retrieved from Arkham Intelligence . As of the time of writing, the world’s largest crypto fund boasts over $100.76 billion in assets under management, with Bitcoin accounting for 84% of it. BlackRock crypto holdings. Source: Arkham Intelligence Ethereum ETFs plummeting Ethereum ETFs posted no less than $912 million in weekly outflows just yesterday, September 8. As a result, U.S. spot ETH ETFs now manage only about $27 billion, with BlackRock alone holding roughly $16 billion.  On the other hand, Bitcoin ETFs drew $524 million in inflows during the same period, which helped offset weakness across other crypto...

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The cryptocurrency industry has witnessed exponential growth throughout the past couple of years. The world’s largest cryptocurrency, Bitcoin (BTC), has recently been seen moving past its recent slump. The king coin jumped above the $100,000 mark, bringing back confidence into the BTC market. At the time of writing, the asset was trading at $103,888.68. During this weekend, the king coin managed to rise to a high of $104,961.76. Currently, BTC is only 4.75% below its all-time high of $109,114. Also Read: 1inch Adds Solana, Co-Founder Says Bitcoin Is Next for DeFi Swaps Source: CoinMarketCap Amidst this notable price recovery of Bitcoin, prominent BTC bull Michael Saylor was sharing a rather important message. Appearing in a recent interview, the former CEO of Strategy revealed how the average Joe could 100x their money with Bitcoin. Also Read: United States Cuts Tariffs on Chinese Goods From 145% to 30% for 90 Days Can An Investor 100x Their Bitcoin Investment? Source: Watcher Gur...

MicroStrategy (MSTR) generated a lot of excitement from public market investors seeking exposure to bitcoin (BTC)-backed equity after founder Michael Saylor encouraged other companies to copy his leveraged strategy. The approach spawned a few success stories like MetaPlanet (MTPLF). That otherwise forgettable hotel operator has rallied over 1,000% since it started adding BTC to its balance sheet in April 2024. Diagnostic equipment company Semler Scientific (SMLR) has also more than doubled since it started adding BTC to its balance sheet. Thinking rationally, however, does this particular corporate pivot have a reliable track record of success? Setting aside these outliers, do public companies that add BTC to their balance sheets usually rally on this news? The question is straightforward, yet its answer is shrouded by confounding variables. The date of a public company’s first BTC acquisition is easy to identify, yet the price of a stock fluctuates for myriad reas...

Michael Saylor said Bitcoin represents the “greatest digital transformation of the 21st century” Saylor believes it “makes sense” for Microsoft to buy and hold Bitcoin rather than buy stock back or hold bonds Over the past five years, Saylor said that Microsoft has surrendered hundreds of billions of dollars of capital Michael Saylor has told Microsoft that Bitcoin is the best asset a company should own, claiming it represents the “greatest digital transformation of the 21st century.” Taking to X, Saylor, CEO of MicroStrategy, posted a three-minute video tagging Satya Nadella, Microsoft’s chair and CEO, and its board of directors. In the video, Saylor said: “Microsoft can’t afford to miss the next technology wave, and Bitcoin is the next wave. Bitcoin represents the greatest digital transformation of the 21st century; it represents digital capital.” Talking about long-term capital, Saylor noted tha...