|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||34.30 - 35.52|
|52 Week Range||7.73 - 36.23|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 26, 2024 - Mar 01, 2024|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
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Bitcoin (BTC-USD) is on the move, trading just below $44,000 as crypto investors inject optimism into the space over the pending regulatory approval of a spot bitcoin ETF. Grayscale (GBTC) CEO Michael Sonnenshein joins Yahoo Finance Live to weigh in on the positive sentiment charging up digital asset markets. Sonnenshein states that bitcoin could be seen as a “technology investment or a risk asset” to investors who are bracing themselves for rising inflation and potential interest rate cuts. When asked about JPMorgan CEO Jamie Dimon's recent remarks at a Senate hearing about bitcoin — noting its “somewhat anonymous” nature and room for criminal activity — Sonnenshein acknowledges the concern, but insists “this asset class is here to stay." Sonnenshein ultimately believes that banks and other “legacy institutions” will be forced to adapt to new technology and asset classes, cryptocurrencies include. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
A Securities and Exchange Commission filing revealed BlackRock (BLK) received $100,000 from a currently unknown seed investor for a proposed spot bitcoin ETF. Many companies, including Fidelity, Invesco, Grayscale, and others are patiently waiting for SEC approval for a spot bitcoin ETF. Bitcoin (BTC-USD) is up more than 20% for the month as sentiment grows bullish for the cryptocurrency on approval hopes. Yahoo Finance Jared Blikre joins the Live show to break down the latest numbers and developments surrounding BlackRock and bitcoin. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
The late Berkshire Hathaway (BRK-A, BRK-B) Vice Chairman Charlie Munger, alongside CEO Warren Buffett, was a big supporter of passive investment strategies and ETFs. VettaFi Head of Research Todd Rosenbluth sits down with Yahoo Finance Live to discuss major themes unfolding in exchange-traded funds, including AI plays and pending spot bitcoin ETF approval from the Securities and Exchange Commission. "We think investors are going to hold on to thematic ETFs for the longer time horizon, and of course, we are on the cusp... of a spot bitcoin ETF," Rosenbluth says. "Not exactly a thematic-oriented ETF, more of an alternative investment." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.