Streetbeat News

Assets

ARKB

BRRR

BTCW

DEFI

FBTC

GBTC

IBIT

Bitcoin ETFs made a historic debut with over $4 billion in inflows on their first trading day. Blackrock's iShares Bitcoin Trust ETF (IBIT) led with $1 billion, while Grayscale's Bitcoin Trust (GBTC) topped with $2 billion after converting to a spot Bitcoin ETF. Fidelity's Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB) also saw significant inflows. Other funds like Valkyrie, WisdomTree, and Hashdex had inflows below $10 million. Bitcoin was trading at $46,279 with a market cap of $900 billion.

Portfolio Pulse from Piero Cingari

January 11, 2024 | 11:12 pm

BONK

DOGE

SHIB

SOL

WIF

Dogwifhat (CRYPTO: WIF) experienced a 124.5% surge following its listing on ByBit, with trading volume increasing by 445%. The meme coin's market cap nearly quadrupled, positioning it as the fifth-largest meme coin. Analysts suggest Binance and Coinbase could list WIF next. Dogwifhat outperformed other meme coins like Bonk and established tokens such as Dogecoin and Shiba Inu. Daily unique holders of WIF have surpassed 30,000, with whale activity contributing to its initial price movement. An $8.8 million purchase of WIF, now worth $3.1 million, is speculated to be a publicity stunt.

Portfolio Pulse from Khyathi Dalal

January 11, 2024 | 10:53 pm

CIVI

Vitol Holding has reported a 7.1% passive stake in Civitas Resources, according to a 13G filing.

Portfolio Pulse from Charles Gross

January 11, 2024 | 10:13 pm

HOOD

Robinhood has announced the addition of Spot Bitcoin ETFs to its trading platform, allowing users to invest directly in Bitcoin through ETFs. This move is expected to provide users with a regulated and potentially less volatile way to invest in Bitcoin, as ETFs are subject to the regulatory framework of traditional financial markets. The addition of these ETFs to Robinhood's offerings could attract more users to the platform and potentially increase trading volumes.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 9:31 pm

BLK

BTCUSD

ETHUSD

Industry experts predict the approval of Ethereum (ETH) ETFs following the U.S. regulators' approval of Bitcoin (BTC) ETFs. They anticipate significant market interest and a shift in investment focus from Bitcoin to Ethereum, highlighting the potential for staking yields and broader investment opportunities with Ethereum. BlackRock Inc. (NYSE:BLK) is mentioned as having ETF applications, indicating institutional interest in Ethereum.

Portfolio Pulse from Murtuza Merchant

January 11, 2024 | 9:29 pm

ESEA

Euroseas Ltd. (NASDAQ:ESEA) has secured a time charter contract for its new fuel-efficient 2,800 teu feeder containership, M/V Tender Soul, for 8-10 months at $17,000 per day, starting February 2024. The charter is expected to contribute approximately $2.4 million of EBITDA for the minimum period and increases the company's 2024 charter coverage to about 70%. The company's CEO, Aristides Pittas, expressed satisfaction with the deal, especially given the current high rate of new vessel deliveries and pressure on containership rates. Euroseas is also focusing on chartering out remaining newbuildings and completing their debt financing, while maintaining a strong cash position to fund their newbuilding program and return funds to shareholders through dividends and buybacks.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 9:10 pm

BONKUSD

DOGEUSD

SHIBUSD

SOLUSD

Bonk (CRYPTO: BONK), a memecoin rival to Dogecoin, surged 19.5% in the last 24 hours, with a 24-hour trading volume of $592 million. A bullish trader who previously profited from BONK has reinvested, purchasing 3.29 billion BONK with 386 Solana (CRYPTO: SOL). Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) saw smaller gains. The market is also reacting to the approval of a Spot Bitcoin ETF, and influencers are comparing BONK to Dogecoin on the Solana platform.

Portfolio Pulse from Khyathi Dalal

January 11, 2024 | 9:00 pm

CLSK

COIN

HOOD

MARA

RIOT

Bitcoin mining stocks and other crypto-related companies are experiencing a decline following the SEC's approval of several spot Bitcoin ETFs. The SEC's approval, while a milestone, was not an endorsement of Bitcoin, as clarified by SEC chair Gary Gensler. This has likely contributed to the drop in crypto stocks as the ETFs provide a new investment avenue for Bitcoin exposure, potentially reducing demand for stocks like Marathon Digital Holdings, Riot Platforms, and CleanSpark. Additionally, the ETFs could pose a threat to crypto exchanges such as Coinbase Global and Robinhood Markets, which offer direct crypto asset investment services.

Portfolio Pulse from Adam Eckert

January 11, 2024 | 8:53 pm

MSTR

Michael Saylor, co-founder of MicroStrategy Incorporated (NASDAQ:MSTR), is known for his bullish stance on Bitcoin (CRYPTO: BTC), even suggesting to mortgage houses to buy it. MicroStrategy has accumulated 189,150 BTC with an average purchase price of $31,168. Saylor emphasizes a long-term investment strategy for Bitcoin. A $1,000 investment in Bitcoin when Saylor advised in March 2021 would be worth $810.73 today, a decline of 18.9%. Optimism remains with the approval of spot Bitcoin ETFs potentially increasing Bitcoin's value.

Portfolio Pulse from Chris Katje

January 11, 2024 | 8:29 pm

CVS

TGT

CVS Health plans to close several of its pharmacies located within Target stores between February and April. The decision is part of CVS Health's strategic adjustments to its retail pharmacy footprint.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 7:49 pm