Michael Saylor
3 months agoNews Editor 01

Michael Saylor Responds to Index Exclusion Fears: ‘Strategy Is Not a Fund, Our Conviction in Bitcoin Is Unwavering’

Michael Saylor took to X to push back against reports warning that Strategy could face billions in passive outflows if MSCI removes the company from major equity indices. He emphasized that Strategy is an operating company with a $500 million software business and a unique Bitcoin treasury strategy, not a fund, trust, or holding company. JPMorgan analysts estimate potential outflows of $2.8 billion to $8.8 billion. Saylor also detailed $7.7 billion in digital credit securities offerings, including the Bitcoin-backed $STRC. Meanwhile, the broader crypto market crashed on October 10, partly attributed to MSCI’s review of crypto-heavy companies. Saylor reiterated his vision of building a trillion-dollar Bitcoin balance sheet and transforming global finance through Bitcoin-backed credit products. Bitcoin currently trades near $80,000, down from its $126,000 all-time high six weeks ago; MSTR stock is at $167.95, down over 5% on the day and 15% over the last five days.

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Michael Saylor Responds to Index Exclusion Fears: ‘Strategy Is Not a Fund, Our Conviction in Bitcoin Is Unwavering’
Bitcoin
3 months agoNews Editor

Bitcoin Spot ETFs See 9th Consecutive Day of Net Outflows, $223M Lost Yesterday Led by BlackRock IBIT

According to SoSoValue data, Bitcoin spot ETFs recorded a net outflow of $223 million on June 30 (EST), marking the ninth consecutive day of outflows. BlackRock's IBIT led with $212 million in outflows, while its historical net inflows remain at $60.254 billion. Fidelity's FBTC saw $10.2 million in outflows. The total net asset value of Bitcoin ETFs stands at $70.95 billion, representing 6.02% of Bitcoin's total market cap. Cumulatively, net inflows have reached $51.152 billion. The continued outflows highlight short-term profit-taking and risk-off sentiment among institutional investors.

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Bitcoin Spot ETFs See 9th Consecutive Day of Net Outflows, $223M Lost Yesterday Led by BlackRock IBIT
Bitcoin Spot ETF
4 months agoNews Editor

Bitcoin Spot ETFs See $1.79B Outflow Last Week, BlackRock's IBIT Leads with $1.303B

According to SoSoValue data, Bitcoin spot ETFs recorded a net outflow of $1.79 billion during the trading week from June 22 to June 26 (ET). BlackRock's IBIT led outflows with $1.303 billion, followed by Fidelity's FBTC at $315 million. Grayscale's Bitcoin Mini Trust BTC bucked the trend with a net inflow of $71.7 million. Total net assets stood at $72.82 billion, representing 6.08% of Bitcoin's market cap. Cumulative net inflows since launch remain at $51.61 billion.

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Bitcoin Spot ETFs See $1.79B Outflow Last Week, BlackRock's IBIT Leads with $1.303B
Ethereum spot ETF
4 months agoNews Editor

Ethereum Spot ETFs See Sixth Consecutive Day of Outflows, Reaching $81.86M; Blackrock's ETHA Leads Losses

On June 25 (Eastern Time), Ethereum spot ETFs recorded their sixth consecutive day of net outflows, totaling $81.8651 million. Blackrock's ETHA dominated the outflow with $62.986 million, while Bitwise's ETHW posted a small inflow of $0.557 million. The total net asset value of all Ethereum spot ETFs stands at $8.295 billion, representing 4.41% of Ethereum's total market cap. Cumulative net inflows remain strong at $10.916 billion.

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Ethereum Spot ETFs See Sixth Consecutive Day of Outflows, Reaching $81.86M; Blackrock's ETHA Leads Losses
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