🇺🇲 UPDATE: The US Government Wallet has lost $11.8B since Bitcoin's ATH.But they still hold $29.5B in crypto. https://t.co/9yPNRvXhXA ...

Coinbase has refused to comment on reports it is planning to meet the South Korean crypto exchange Coinone in the week ahead, amid reports Coinone’s biggest shareholder is looking to sell up. Unnamed crypto industry officials told the South Korean newspaper Seoul Kyungjae that Coinbase officials are set to visit South Korea in the week ahead, with talk of a possible “equity investment” mooted. The US crypto exchange giant is set to “hold meetings with major domestic companies, including Coinone,” the sour ...

🚨 FACT: Steak n Shake employees will have more $BTC than most of the world's population. https://t.co/Q7oRc6fTYd ...

₿elieve in something https://t.co/KDAWR4LUFM ...

RT Wicked (@w_s_bitcoin)Accelerate: There are now more than 5,000 verified bitcoin accepting merchants in the U.S. https://t.co/xmnrf81SrK ...

Russia’s Prosecutor General has designated Ukrainian crypto exchange WhiteBit as an “undesirable organization,” alleging it was used to illegally move funds out of Russia and to finance Ukraine’s armed forces. The designation also covers WhiteBit’s parent company W Group and its affiliates. Authorities claim WhiteBit’s management transferred about $11 million to Ukraine since 2022, including funds for drone purchases, and provided technical support to the United24 crypto donation platform.https://t.co/ZSWhf ...

📈 87% chance Bitcoin stays above $88K today...think BTC will break $90K? Bet 10 USDT → win up to 72 USDT 💥 https://t.co/b9k5hOWjkU ...

Core Insights - The article discusses two cryptocurrency ETFs: Fidelity Wise Origin Bitcoin Fund (FBTC) and CoinShares Bitcoin Mining ETF (WGMI), highlighting their different investment approaches and performance metrics [2][4]. Group 1: ETF Comparison - FBTC tracks the spot price of Bitcoin, while WGMI invests in companies involved in Bitcoin mining and infrastructure [2]. - FBTC has an expense ratio of 0.25% and an AUM of $17.41 billion, whereas WGMI has a higher expense ratio of 0.75% and an AUM of $341.93 million [3]. - Over the past year, FBTC has returned -14.53%, while WGMI has achieved a return of 92.48% [3]. Group 2: Performance Metrics - FBTC has a maximum drawdown of -32.64% over two years, while WGMI has a more significant drawdown of -62.79% [5]. - An investment of $1,000 in FBTC would have grown to $1,922 over two years, compared to $2,604 for WGMI [5]. Group 3: Holdings and Strategy - WGMI currently invests in 25 companies, primarily in the technology sector, with top holdings including IREN Ltd., Cipher Mining, and Hut 8 Corp. [6]. - FBTC is a single-asset trust that solely tracks Bitcoin's price and has increased by 85.57% since its inception [6]. Group 4: Market Dynamics - WGMI may transition away from being solely a Bitcoin mining ETF as companies within it diversify into high-performance computing and AI data center operations [9][10]. - This transition could provide indirect exposure to the crypto market while addressing environmental concerns associated with mining [10].

Core Insights - The CoinShares Bitcoin Mining ETF (WGMI) and iShares Ethereum Trust ETF (ETHA) provide different exposure to the crypto ecosystem, with WGMI focusing on Bitcoin mining companies and ETHA tracking Ethereum's price directly [2][6] Group 1: Cost & Size - ETHA has an expense ratio of 0.25% and assets under management (AUM) of $10.14 billion, while WGMI has a higher expense ratio of 0.75% and an AUM of $355.66 million [3] - The one-year return for ETHA is -9.94%, whereas WGMI has a significantly higher return of 92.48% [3] Group 2: Performance & Risk Comparison - The maximum drawdown over one year for ETHA is -58.52%, compared to -56.18% for WGMI [4] - A $1,000 investment in ETHA would have grown to $939 over one year, while the same investment in WGMI would have grown to $1,948 [4] Group 3: Holdings and Investment Strategy - WGMI invests in 25 companies, primarily in the technology sector, with top holdings including IREN Ltd., Cipher Mining, and Hut 8 Corp. [5] - ETHA is a single-asset trust with 100% exposure to Ethereum, having fallen 15.62% since its inception [6] Group 4: Investor Considerations - WGMI offers a dividend yield of 0.10%, while ETHA does not pay dividends, making WGMI potentially more attractive for income-seeking investors [9] - WGMI is transitioning towards high-performance computing and AI data center operations, which may diversify its revenue streams away from traditional Bitcoin mining [10][11]

Gm! What’s your top 1 coin this week? ...