Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Bank of America (NYSE:BAC) is taking a more active stance on cryptocurrencies. Bank of America will start recommending several cryptocurrency exchange-traded funds to wealth clients starting Jan. 5, according to a statement to Benzinga. The move marks a shift from the Bank of America’s previous policy of offering digital asset investments to clients only on request. Bank of America Head of Investment Sol ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. While sentiment has soured due to the ongoing sell-off in the cryptocurrency market, several notable investors have continued to accumulate Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) at discounted prices. Crypto Market Slides But... As is evident, the two biggest cryptocurrency assets by market capitalization have faced sharp corrections. Bitcoin is currently trading 26% below its October all-time h ...

Company Insights - Dave McCormick purchased shares in the Bitwise Bitcoin ETF (AMEX:BITB) valued between $15,001 and $50,000, disclosed on November 27, 2025 [1] - BITB's current stock price is $48.86, reflecting a 2.91% increase, with a market capitalization of approximately $3.74 billion [5] Industry Trends - U.S. spot crypto-ETFs, including BITB, are experiencing significant capital outflows, with $870 million withdrawn on November 13, marking the second-largest single-day withdrawal since Bitcoin ETFs' inception [2] - Total redemptions from spot Bitcoin funds in November have exceeded $3.7 billion, making it the worst month on record for Bitcoin ETFs, contributing to a broader $6 billion outflow in the crypto ETF market [3] - Bitcoin's price has dropped to around $84,000 from a record high of nearly $126,000, with a "death cross" technical warning indicating potential further declines [4][6]

Core Insights - The VanEck Bitcoin Trust is experiencing positive investor inflows, contrasting with the majority of Bitcoin ETFs that are seeing withdrawals [2][3] - The fund has increased its assets under management (AUM) by 37% in 2025, nearly matching the sector leader iShares Bitcoin Trust's 49% increase [3] - The VanEck fund is noted for its low expense ratio and effective management, making it a strong choice for Bitcoin ETF investments [9][10] Group 1: Fund Performance - Out of 11 Bitcoin ETFs approved on January 11, 2024, nine have at least $600 million in AUM, with the VanEck Bitcoin Trust being a standout with positive inflows [1][2] - The VanEck Bitcoin Trust has a current AUM of $1.9 billion and a daily trading volume of 1.4 million shares, indicating strong market liquidity [6] - The fund's price as of November 10, 2025, is $29.06, with a 52-week range of $21.41 to $35.76 [4] Group 2: Investor Trust Factors - VanEck's long experience in crypto fund management and its unique MarketVector Bitcoin Benchmark Rate contribute to investor confidence [8] - The fund utilizes two custodian services, Gemini and Coinbase, enhancing its credibility in the market [8] - The VanEck fund offers a competitive expense ratio of 0.20% and a no-fee grace period until January 10, 2026, which is appealing to investors [8] Group 3: Market Context - The overall Bitcoin ETF market is experiencing outflows, with eight of the 11 classic Bitcoin ETFs seeing asset withdrawals [2] - The VanEck Bitcoin Trust is the only fund among its peers to show a net inflow of 0.2% over the last month [2] - The fund's management has demonstrated responsiveness to market conditions, such as executing a 4-for-1 share split to maintain affordability [8]

Group 1: Bitcoin Market Dynamics - Bitcoin recently rose above $124,000, marking a new record driven by institutional buying and expectations of looser monetary policy in the U.S. [1] - The cryptocurrency has increased approximately 30% year-to-date and surged 60% from market lows in April [1][4] - Institutional inflows into spot exchange-traded funds and corporate purchases of bitcoin have been significant contributors to this rally [2] Group 2: Institutional and Retail Participation - Several public companies are adopting a strategy similar to MicroStrategy by adding bitcoin to their balance sheets as a strategic reserve asset [2] - The Trump administration's pro-crypto stance, including an executive order to explore allowing 401(k) plans to hold cryptocurrencies, could enhance retail access to bitcoin [3] Group 3: Regulatory Environment and Market Sentiment - Expectations of a Federal Reserve interest rate cut in September have positively impacted prices of cryptocurrencies and equities [4] - The U.S. SEC's "Project Crypto" initiative aims to clarify digital asset rules, boosting investor confidence [7] Group 4: Ethereum Market Performance - Ethereum has also experienced strong gains, with prices rising nearly 6% to above $4,700, approaching its 2021 record highs [5] - Companies are increasingly adding ether to their reserves to gain exposure to decentralized finance (DeFi) and stablecoins [6] - Fundstrat forecasts that ETH could rise as high as $15,000 by year-end [7] Group 5: Investment Vehicles - Various Bitcoin-based exchange-traded funds (ETFs) are available for investment, including Grayscale Bitcoin Trust ETF, iShares Bitcoin Trust, and others [8]

Core Insights - The trading of spot Bitcoin ETFs has been ongoing for approximately 18 months, indicating a growing acceptance and interest among investors in gaining direct exposure to Bitcoin [1] Group 1 - Investors have shifted their focus from the specific details of individual ETFs to a broader preference for obtaining direct exposure to Bitcoin [1]

Investment & Holdings - Figma 持有价值 7000 万美元的 Bitwise Bitcoin ETF 份额 [1] Cryptocurrency Market - 比特币 ETF 受到关注，成为公司投资组合的一部分 [1]