Zacks Investment Ideas feature highlights: FBTC, GBTC, IBIT, BITX and MicroStrategy

Zacks10-01

For Immediate Release Chicago, IL – October 1, 2024 – Today, Zacks Investment Ideas feature highlights Fidelity Wise Origin Bitcoin Fund FBTC, Grayscale Bitcoin Trust GBTC, iShares Bitcoin Trust ETF ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2472473373?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/1kc2ixHPgVPKuRaOLWkSgw--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/e96a84c87c2343aec490ae649947fc9c","is_english":true,"pubTime":"2024-10-01 19:49","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2472473373","market":"us","top_or_hot":-1,"title":"Zacks Investment Ideas feature highlights: FBTC, GBTC, IBIT, BITX and MicroStrategy","media":"Zacks","content":"<div>\n<p>For Immediate Release\nChicago, IL – October 1, 2024 – Today, Zacks Investment Ideas feature highlights Fidelity Wise Origin Bitcoin Fund FBTC, Grayscale Bitcoin Trust GBTC, iShares Bitcoin Trust ETF ...</p>\n\n<a href=\"https://finance.yahoo.com/news/zacks-investment-ideas-feature-highlights-114900389.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Zacks Investment Ideas feature highlights: FBTC, GBTC, IBIT, BITX and MicroStrategy</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nZacks Investment Ideas feature highlights: FBTC, GBTC, IBIT, BITX and MicroStrategy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-01 19:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/zacks-investment-ideas-feature-highlights-114900389.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>For Immediate Release\nChicago, IL – October 1, 2024 – Today, Zacks Investment Ideas feature highlights Fidelity Wise Origin Bitcoin Fund FBTC, Grayscale Bitcoin Trust GBTC, iShares Bitcoin Trust ETF ...</p>\n\n<a href=\"https://finance.yahoo.com/news/zacks-investment-ideas-feature-highlights-114900389.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4595","symbol_name":"比特币概念","start_time":0,"source_url":"https://finance.yahoo.com/news/zacks-investment-ideas-feature-highlights-114900389.html","article_id":"2472473373","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/1kc2ixHPgVPKuRaOLWkSgw--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/e96a84c87c2343aec490ae649947fc9c"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2472473373","pubTimestamp":1727783340,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Chicago, IL – October 1, 2024 – Today, Zacks Investment Ideas feature highlights Fidelity Wise Origin Bitcoin Fund FBTC, Grayscale Bitcoin Trust GBTC, iShares Bitcoin Trust ETF IBIT, 2x Bitcoin Strategy ETF BITX and MicroStrategy MSTR.Bitcoin is enjoying another strong year with 56.74% gains thus far in 2024. However, since March, the price action has been choppy, frustrating, and Bitcoin has failed to print a fresh high. Nevertheless, strong evidence is mounting that Bitcoin is ready to breakout into 2025, including:. Though the short-term price action has been challenging to navigate, savvy investors understand the value of zooming out while analyzing a chart. Bitcoin's monthly chart is carving out a picture-perfect bull flag pattern. Should the pattern play out as the technical pattern suggests, Bitcoin should see prices north of $100,000 in the first half of 2025.Dozens of countries, ETFs, private companies, and public companie","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4595":"比特币概念","MSTR":"MicroStrategy","FBTC":"Fidelity Wise Origin Bitcoin Fund","FDN":"First Trust Dow Jones Internet I","BK4588":"碎股","BITX":"2X BITCOIN STRATEGY ETF","BK4023":"应用软件","GBTC":"Grayscale Bitcoin Trust","MSTX":"Defiance Daily Target 2X Long MSTR ETF","BK4585":"ETF&股票定投概念","BTC":"Grayscale Bitcoin Mini Trust","BK4594":"比特币ETF概念","IBIT":"iShares Bitcoin Trust","BK4550":"红杉资本持仓"},"translate_title":"Zacks Investment Ideas特色亮点：FBTC、GBTC、IBIT、BITX和MicroStrategy","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BITX":1,"BTC":1,"IBIT":1,"MSTX":1,"FDN":0.9,"FBTC":0.7,"GBTC":0.7,"MSTR":0.7},"content_text":"For Immediate Release\nChicago, IL – October 1, 2024 – Today, Zacks Investment Ideas feature highlights Fidelity Wise Origin Bitcoin Fund FBTC, Grayscale Bitcoin Trust GBTC, iShares Bitcoin Trust ETF IBIT, 2x Bitcoin Strategy ETF BITX and MicroStrategy MSTR.\nBitcoin: \"Uptober\" and the Ride to $100K\nBitcoin is enjoying another strong year with 56.74% gains thus far in 2024. However, since March, the price action has been choppy, frustrating, and Bitcoin has failed to print a fresh high. Nevertheless, strong evidence is mounting that Bitcoin is ready to breakout into 2025, including:\nBitcoin Monthly Bull Flag Pattern\nThough the short-term price action has been challenging to navigate, savvy investors understand the value of zooming out while analyzing a chart. Bitcoin's monthly chart is carving out a picture-perfect bull flag pattern. Should the pattern play out as the technical pattern suggests, Bitcoin should see prices north of $100,000 in the first half of 2025.\nFTX Repayments a Potential Bullish Catalyst\nA massive fraud led to the collapse and subsequent bankruptcy of the FTX crypto exchange in 2022. After a brutal \"crypto winter,\" FTX clients could not withdraw funds, and many feared they would all be lost. Fortunately, in a twist of fate, Bitcoin and most crypto assets have appreciated handsomely since the 2022 FTX collapse, and clients are expected to get their funds paid back in total, with interest.\nFormer FTX clients will receive approximately $16 billion in funds as soon as December. As FTX victims (who likely assumed their funds were gone for good) receive repayment, it could spark a rally in Bitcoin as at some of them reinvest their funds.\nBitcoin Seasonality: \"Uptober\"\nHistorically, fall has been the best time to be long Bitcoin. Since 2010, October has averaged a robust 29.5%, and November has averaged 37.9%.\nIBIT Options Approval\nThough Bitcoin has been the best-performing asset since its inception, Wall Street has only embraced it recently. This January, the institutional dominoes began to fall after the U.S. Securities and Exchange Commission finally approved several spot exchange-traded funds (ETFs), such as the Fidelity Wise Origin Bitcoin Fund and the Grayscale Bitcoin Trust.A particular watershed moment for the crypto industry wasBlackRock'slaunch of the iShares Bitcoin Trust ETF.IBIT was the most successful ETF of all time, attaining over $10 billion in assets in under two months. Meanwhile, IBIT's price performance has been a net positive since inception, gaining nearly 50% thus far.\nOn September 20th, news broke that the SEC approved options trading for the Bitcoin ETF. Options on IBIT will open the Bitcoin industry to a news type of trader, and other Bitcoin ETFs will likely gain approval in the coming months. Meanwhile, several leveraged Bitcoin ETFs, like the 2x Bitcoin Strategy ETF, are live and give investors even more flexibility.\nInstitutional Adoption\nDozens of countries, ETFs, private companies, and public companies like MicroStrategy continue to adopt Bitcoin as access becomes easier. This constant accumulation should put a floor under the price of Bitcoin.\nBottom Line\nBitcoin's price action has been frustrating of late, but the odds of a breakout to $100,000 are increasing dramatically. The FTX repayment, IBIT options approval, and institutional adoption are some bullish catalysts that should drive Bitcoin much higher in 2025.\nWhy Haven't You Looked at Zacks' Top Stocks?\nSince 2000, our top stock-picking strategies have blown away the S&P's +7.0 average gain per year. Amazingly, they soared with average gains of +44.9%, +48.4% and +55.2% per year.\nToday you can access their live picks without cost or obligation.\nSee Stocks Free >>\nMedia Contact\nZacks Investment Research\n800-767-3771 ext. 9339\nsupport@zacks.com\nhttps://www.zacks.com\nPast performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nMicroStrategy Incorporated (MSTR) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2472473373"}