Bitcoin News

Bitcoin mining saw reduced profitability in July compared to June, as reported by Jefferies.

The U.S. has launched its first Bitcoin-related leveraged ETF, the MicroStrategy ETF (MSTX), which offers investors 175% daily leveraged exposure to MicroStrategy.

Morgan Stanley has revealed a substantial investment of $187.79 million in BlackRock’s iShares Bitcoin Trust, according to its recent Form 13F filing with the U.S. Securities and Exchange Commission.

The State of Wisconsin Investment Board (SWIB) has significantly increased its investment in Bitcoin, now holding nearly $99 million worth of BlackRock’s iShares Bitcoin Trust (IBIT) ETF.

Recent Q2 reports from Bitcoin mining companies have highlighted their performance post-April halving, which increased mining difficulty and reduced hash prices.

Marathon Digital, a leading player in the crypto mining sector, has expanded its Bitcoin reserves by purchasing an additional $249 million worth of the cryptocurrency.

During the second quarter, about 66% of institutional investors either maintained or boosted their Bitcoin investments through U.S.-based spot ETFs, as reported by Bitwise.