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Cryptocurrency hedge funds will shine in 2024, but they failed to outperform Bitcoin.
In 2024, when Cryptos shine brightly, the hedge funds focused on digital Assets also performed exceptionally well, as expected. However, these hedge funds still could not match the performance of the most famous token in the Cryptos Industry—Bitcoin.
J.P. Morgan: Once approved, the alternative Currency ETF will attract 14 billion dollars, with Solana and XRP becoming the focus.
JPMorgan analysts estimate that if approved by the USA Securities and Exchange Commission, a batch of ETFs holding alternative Cryptos could attract up to 14 billion dollars in Inflow.
Coin Metrics: Outlook for the cryptocurrency market in 2025.
The year 2024 is a milestone year for the digital Assets Industry, starting with the long-awaited approval of the spot Bitcoin ETF, and continuing until the end of the USA presidential election.
MSTR takes action again! $0.243 billion Shareholding in Bitcoin, total Hold Positions approximately 41 billion.
On Monday, Eastern Time, the technology company MicroStrategy, known for holding a large amount of Bitcoin, announced that it has increased its shareholding in Bitcoin again, spending $0.243 billion to acquire 2,530 Bitcoins at an average price of approximately $95,972. This marks the company's 10th consecutive week of increasing its shareholding, with a total Bitcoin holdings value of about $41 billion, accounting for over 2% of the total Bitcoin supply. During Monday's trading session, crypto concept stocks generally fell, and MSTR briefly dropped more than 7%.
Asian Equities Traded in the US as American Depositary Receipts Open Week Lower in Monday Trading
U.S. stocks fluctuate | Cryptos concept stocks fall sharply, Canaan (CAN.US) drops by 9%.
On Monday, Cryptos Concept stocks plummeted significantly, with Canaan (CAN.US) dropping 9%, MicroStrategy (MSTR.US) falling 6%, and Coinbase (COIN.US) decreasing by 5%.