Ark Goes Ham On $GBTC

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Join us on Twitter Spaces at 3PM EST as we recap "The Talk" between Elon Musk and Jack Dorsey. 
Today's Rundown:
  • $8 Million In Shares. Ark Invest bets on Bitcoin.
  • Bitcoin Mining ETF. A path to self-sustainability.
  • People Wants Bitcoin. JP Morgan clients want to buy bitcoin.
LFG!

$8 MILLION IN SHARES

Ark Adds Bitcoin Exposure Buying $8 Million Worth Of Grayscale Shares 
By Alex McShane

Ark Invest purchased over 310,000 shares of the Grayscale Bitcoin Trust on Monday worth nearly $8 million, the company's filings show.

Ark Invest, an asset management firm, purchased over 310,000 shares of Grayscale Bitcoin Trust on Monday for its ARK G Next Generation Internet ETF. This is not the first time the firm, led by CEO Cathie D. Wood,  purchased Grayscale shares. The last time bitcoin price went under $30,000, Ark managed to buy 1,000,000 shares. Ark is recognized as having bet big on Tesla before its massive appreciation of 2020, making Cathie one of the most well recognized investors of the decade.

Ark has added exposure to multiple bitcoin companies throughout the recent dip. Additionally, today is the day many have awaited for, as we will se her in "The Talk" with the Jack Dorsey and Elon Musk.

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BITCOIN MINING ETF

RIGZ ETF Provides Exposure To The Infrastructure Underpinning Bitcoin
By Namcios

Viridi funds has announced the launch of RIGZ, the firm's new clean energy Bitcoin mining ETF that goes beyond just miners.

The first official Cleaner Energy Crypto Mining & Semiconductor exchange-traded fund has launched and is available for trading. With the highly anticipated Bitcoin ETF still to come, RIGZ offers the opportunity to invest in Bitcoin's underpinnings, its energy source. It is now even easier for individuals and institutions to "diversify" and gain exposure within Bitcoin the network without holding the asset itself. However, it is important to remember, that this is not the same as holding bitcoin, and it doesn't offer the full sovereignty that holding private keys does. 

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THE DAILY BITS

Your daily signal dose:

1. Georgia is just one of many developing countries which would benefit from the adoption of Bitcoin.

2. Wes Fulford joined the "Bitcoin Magazine Podcast" to discuss a clean energy mining ETF.

3. Rothschild Investment Corp shared in a new filing that it has more than tripled its bitcoin exposure through GBTC over the past quarter.

4. The EU proposed a law that would force companies engaging in BTC transactions and transfers to collect identities of senders and receivers.

5. The treasury market is spelling trouble in the broader financial system, making the case for bitcoin investment.

6. Udi Wertheimer, Infamous Bitcoin Twitter personality, discussed why Bitcoiners should not be worried about altcoins.

7. FTX Trading Ltd just raised $900 million from over 60 investors and now has a $18 billion valuation.

PEOPLE WANT BITCOIN

Bitcoin, Carbon Credits And Regenerative Farming
By Alex McShane

JP Morgan Wealth CEO Says Clients See Bitcoin As Asset Class To Invest In

As the saying says: "The customer is always right." JP Morgan now faces heavy demand from its clients to provide them exposure to bitcoin. Even though Mary Calahan Erdoes, CEO of JP Morgan Asset & Wealth Management clarified that JP Morgan doesn't view "Bitcoin as an asset class per se," they are still under the pressure of providing what the customer wants; bitcoin.
 

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MEME OF THE DAY

By Abelito

The road to bitcoin is not an easy one. HODLing is a tough decision that has to be made every single day. Bitcoin is a wild ride, but education is the best manner of gaining conviction which makes the ride smoother.

Do not let yourself be distracted by noise; join us at Bitcoin Magazine, and let us remind you why $1,000,000 bitcoin is on the way, and why this is not even the ultimate goal, only a transitory one.

Enjoy the dip and keep stacking!

GIVEAWAYS

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