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BLK

BTCUSD

Cathie Wood, CEO of ARK Investment Management, disclosed that at least 25% of her personal net worth is invested in Bitcoin, excluding her holdings in ARK and real estate. This revelation aligns with ARK Invest's recent SEC approval for the Ark21Shares Bitcoin ETF and their collaboration with BlackRock Inc. to reduce management fees for their spot Bitcoin ETFs to attract investors. Bitcoin was trading at $46,050.65, up 0.38% at the time of the article.

Portfolio Pulse from Mehab Qureshi

January 11, 2024 | 10:32 am

BITF

BTBT

BTDR

CAN

HIVE

HUT

IRBT

NUKK

TGAN

WULF

In Thursday's pre-market session, U.S. stock futures were up, with Nasdaq futures gaining about 50 points. Transphorm, Inc. (TGAN) saw a significant rise after Renesas Electronics announced plans to acquire the company at $5.10 per share in cash, causing TGAN shares to surge 30.6% to $4.95. Other stocks experiencing gains included Canaan Inc. (CAN), TeraWulf Inc. (WULF), Bitdeer Technologies Group (BTDR), Nukkleus Inc (NUKK), Bitfarms Ltd (BITF), Bit Digital, Inc. (BTBT), Hut 8 Corp. (HUT), iRobot Corporation (IRBT), and HIVE Digital Technologies Ltd. (HIVE), largely due to strength in Bitcoin prices and regulatory developments.

Portfolio Pulse from Avi Kapoor

January 11, 2024 | 10:00 am

ARKB

BLK

Ark Invest, led by Cathie Wood, has teased potential investors about its Bitcoin ETF in partnership with 21Shares, following SEC's nod for its application. The firm is offering a fee waiver for the first six months or until the fund reaches $1 billion in AUM, with a reduced expense ratio of 0.21% thereafter. BlackRock has also cut fees for its iShares Bitcoin Trust to compete in the market. The SEC's decision on the Spot Bitcoin ETF approval is highly anticipated.

Portfolio Pulse from Mehab Qureshi

January 11, 2024 | 7:48 am

BTCUSD

Robert Kiyosaki, author of 'Rich Dad Poor Dad,' has purchased 5 more Bitcoin following the SEC's approval of Bitcoin ETFs. He expressed concerns over potential hyperinflation and reiterated his trust in Bitcoin over traditional leadership, raising his price target for Bitcoin to $150,000. Kiyosaki also mentioned his personal financial strategy, highlighting his $1.2 billion debt and his indifference towards the potential consequences for the banks.

Portfolio Pulse from Mehab Qureshi

January 11, 2024 | 7:37 am

AMZN

GOOG

MSFT

NVDA

Amazon's AI chatbot Q, which uses Anthropic's Claude AI model, has been criticized for producing incorrect outputs after a rushed launch. Amazon is increasing its team of human reviewers to address these issues. Despite the challenges, including internal competition for AWS's computing resources, Amazon is committed to improving Q's performance to compete with rivals like Microsoft, Google, and OpenAI. Amazon has invested up to $4 billion in Anthropic and is considering upgrading to a better version of Claude to enhance Q's capabilities.

Portfolio Pulse from Benzinga Neuro

January 11, 2024 | 7:28 am

Energy Transfer LP (NYSE:ET) has priced its offerings of $3 billion in senior notes and $800 million in junior subordinated notes. The senior notes consist of $1.25 billion due 2034 at 5.550% and $1.75 billion due 2054 at 5.950%. The junior subordinated notes are $800 million due 2054 at 8.000%, priced at their face value. The senior notes are priced slightly below face value.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 6:56 am

HGV

Hilton Grand Vacations Inc. (NYSE:HGV) has priced a private offering of $900 million in 6.625% senior secured notes due 2032 to finance its proposed acquisition of Bluegreen Vacations Holding Corporation. The notes will mature on January 15, 2032, and the offering is expected to close on January 17, 2024, subject to customary closing conditions. The offering is exempt from the registration requirements of the Securities Act of 1933.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 6:47 am

CACO

Caravelle International Group (NASDAQ:CACO), a global ocean technology company, has completed a private placement deal with two institutional investors. The deal, which closed on January 10, 2024, involves an initial tranche of $3.3 million, with $1.5 million already paid as an advance. The remaining $1.8 million will be paid upon meeting post-closing conditions. This private placement is part of a larger funding round that could reach up to $6.8 million.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 6:22 am

EWA

Australia's trade balance for November was reported at 11.437 billion AUD, significantly higher than the estimated 7.500 billion AUD and the previous month's revised figure of 7.660 billion AUD.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 5:21 am

ARKW

TSLA

Elon Musk, CEO of Tesla and SpaceX, discussed Bitcoin during an X Space event, expressing openness to using Bitcoin on X but maintaining a passive stance towards it. He compared Bitcoin to gold and noted it's not suitable for payments. Musk revealed personal holdings in Dogecoin and SpaceX's investment in Bitcoin. The SEC approved the ARK 21Shares Bitcoin ETF, which will start trading with a reduced expense ratio and a fee waiver incentive. Musk also commented on Dogecoin in response to the SEC's tweet about Bitcoin Spot ETFs. Bitcoin's value rose to $47,500 following the news.

Portfolio Pulse from Mehab Qureshi

January 11, 2024 | 4:52 am