In his latest post on the X platform, Michael Saylor stated that Bitcoin provides a global, affordable, simple and secure savings account, particularly for the billions of people who do not have the option or desire to manage their own hedge fund.is a bank in cyberspace, run by incorruptible software, offering a global, affordable, simple, & secure savings account to billions of people that don't have the option or desire to run their own hedge fund.
These major firms join others like JPMorgan Securities, Jane Street Capital, Macquarie Capital and Virtu Americas as authorized participants. Authorized participants play a critical role in the ETF operational mechanism by facilitating the creation and redemption of ETF shares. This process involves exchanging ETF shares for a corresponding basket of securities reflecting the ETF’s holdings or exchanging them for cash.On Thursday, Bitcoin spot ETFs saw a total net inflow of $213 million, marking the third consecutive day of net inflows. This adds to a spike in trading volume that Bitcoin ETFs saw in March, reaching over $111 billion.
A long-time proponent of Bitcoin, Michael Saylor has been vocally bullish on the cryptocurrency, despite its recent high volatility. He Dan is a news editor and writer with 12 years of experience in finance and emerging technologies, with a strong focus on crypto. Covering a broad spectrum of topics, from fintech startups to AI, he provides an in-depth overview of the current state of the crypto market, along with insights into its potential for future disruption.
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