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GBTC

At Benzinga's Future of Digital Assets event, Bitwise's Matt Hougan highlighted the potential impact of a Bitcoin ETF, comparing it to the transformative effect of gold ETFs. Grayscale's Brooke Stoddard discussed the Grayscale Bitcoin Trust's evolution towards an ETF. WisdomTree's Ryan Louvar emphasized the diversification benefits of Bitcoin, and Invesco's Todd Kuehl spoke on regulatory challenges. The market has yet to fully price in the significance of a Bitcoin ETF approval.

Portfolio Pulse from Murtuza Merchant

November 14, 2023 | 9:57 pm

Soros Fund Management LLC has increased its share stake in General Motors (GM) to 613,100 shares. This move by the investment firm, founded by George Soros, indicates a growing confidence in the automaker's stock.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 9:52 pm

RIVN

Soros Fund Management has dissolved its stake in electric vehicle manufacturer Rivian Automotive, Inc. This move by the prominent investment fund could signal a lack of confidence in Rivian's future prospects or a strategic portfolio realignment.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 9:49 pm

CAPR

Capricor Therapeutics announced that its available cash and equivalents are expected to cover expenses and capital requirements into 2025. This forecast takes into account the $23.0 million raised in a registered direct offering in October 2023 but does not include potential milestone payments from its agreements with Nippon Shinyaku or any unplanned strategic capital use.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 9:41 pm

VNRX

VolitionRx reported having cash and cash equivalents of $10.8 million as of September 30. This financial update provides investors with a snapshot of the company's liquidity and financial health at the end of the third quarter.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 9:20 pm

Ingersoll Rand (NYSE:IR) has seen a 9.02% decrease in short interest since its last report, with 3.73 million shares sold short, representing 1.21% of its float. The average time to cover these short positions is 1.17 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. In comparison to its peers, Ingersoll Rand has a lower short interest as a percentage of float, with the peer group average at 3.55%.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 8:45 pm

PEPEUSD

The GROK token's market value plummeted by $100 million following revelations that its developer was linked to past failed crypto projects. Despite the sell-off and a 70% price drop, the GROK community remains optimistic, with developers burning $1.7 million worth of tokens to boost confidence. The token's initial surge and subsequent decline highlight the volatile nature of the cryptocurrency market.

Portfolio Pulse from Murtuza Merchant

November 14, 2023 | 8:40 pm

BLK

Industry lobbyists at the Benzinga Future of Digital Assets conference expressed concerns about the lack of clear cryptocurrency regulations in the U.S. and the predominance of enforcement through the courts rather than proactive guidelines. The FTX scandal's impact on regulatory sentiment was noted, and comparisons were made with clearer regulatory frameworks in the U.K. and EU. Concerns were also raised about misconceptions regarding cryptocurrency's use in illicit finance. Despite regulatory challenges, there is anticipation for a potential Bitcoin ETF approval by the SEC, with companies like BlackRock and Valkyrie awaiting a decision expected in early 2024.

Portfolio Pulse from Neil Dennis

November 14, 2023 | 8:12 pm

AEM

CDE

EXK

FNV

FSM

GATO

GFI

GOLD

HMY

MUX

NEM

PAAS

SBSW

WPM

Precious metals stocks are trading higher as gold and silver prices increase due to a decline in the US dollar following the release of October CPI data.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 8:00 pm

BTCUSD

ETHUSD

GOOG

GOOGL

At Benzinga's 'Future of Digital Assets' event, Widmann expressed his belief that smaller scale projects will be key in transforming the structures of capital markets.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 7:32 pm