Bitcoin Mining Is a 'Survival Game' at This Point; Halving Didn't Do Any Favors

Seeking Alpha16:11 ET

701 funds join in! In the second quarter, hedge funds continue to bet on bitcoin etfs, with Millennium, Capula, and Point72 all holding positions.

Bitcoin prices fell nearly 13% in the second quarter, and holding documents showed that the number of funds holding Bitcoin spot ETFs increased by 701. Millennium reduced its holdings of this type of ETF position in the second quarter, but still held at least five ETFs, and was the largest holder of most ETFs, including BlackRock ETF IBIT.

wallstreetcnAug 15 20:45 ET

Bet on bitcoin shadow stock is more exciting than Nvidia's ups and downs: The strongest volatility ETF in the U.S. stock market is here.

The leveraged single-stock ETF MSTX, which will be launched on Thursday, invests heavily in MicroStrategy, which invests heavily in bitcoin. The 90-day volatility of MicroStrategy's individual shares is 97%, and the recent volatility has exceeded Nvidia, a bitcoin's volatility indicator, which is only 63%.

wallstreetcnAug 15 16:18 ET

Express News | Cipher Mining Shares Are Trading Higher After Compass Point Maintained a Buy Rating on the Stock and Raised Its Price Target From $7.5 to $9

BenzingaAug 15 12:20 ET

Cipher Mining Is Maintained at Buy by Compass Point

Dow JonesAug 15 11:46 ET

Express News | Compass Point Maintains Buy on Cipher Mining, Raises Price Target to $9

BenzingaAug 15 11:35 ET