Institutional Investing
Franklin has launched the first regulated altcoin ETF under the SEC’s updated rules, giving investors a vetted way to access non-Bitcoin tokens. The product could redirect institutional flows and test whether altcoins can meaningfully challenge Bitcoin’s market share.
Billionaire Ray Dalio says Bitcoin remains roughly 1% of his portfolio and is not yet fit to serve as a reserve asset. He noted the allocation has been unchanged for years, reflecting continued caution rather than conviction.
Bitcoin slipped about 3% to roughly $98,600, pushing crypto-linked equities lower; MicroStrategy (MSTR), the largest corporate bitcoin holder, tumbled over 6.6% to around $210. The move has renewed questions about whether MSTR should trade as a bitcoin proxy or a standalone software/holdings play.
Strategy Inc added 487 BTC via preferred-stock-funded purchases for about $49.9 million, lifting its total holdings to 641,692 BTC with $20.29 billion in unrealized gains. The move underscores continued institutional appetite for Bitcoin and could influence market sentiment.
Michael Saylor signaled continued accumulation after Strategy — formerly MicroStrategy — disclosed a $65.45 billion portfolio, captioned simply: "Best continue." The move spotlights growing institutional demand for Bitcoin and what it means for market dynamics.