Tag: Stock

XRP Rises as Canada Approves Spot ETF for Toronto Stock Exchange Listing

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Purpose Investments has received regulatory approval to launch a spot XRP exchange-traded fund (ETF) in Canada, with trading scheduled to begin on June 18 on the Toronto Stock Exchange (TSX). The fund, listed under the ticker XRPP, will provide direct exposure to XRP through a regulated investment vehicle. The Ontario Securities Commission (OSC) granted the final prospectus receipt for the fund, Purpose announced Monday. The ETF will offer units in CAD-hedged, CAD non-hedged, and USD formats, and will be eligible for registered investment accounts such as TFSAs and RRSPs. XRP…

Australia’s Main Stock Exchange Is Under Investigation for “Serious Failures”

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The Australian regulator has opened a broad inquiry into the country’s primary stock exchange, the Australian Securities Exchange (ASX) group, specifically for “governance, capability and risk management frameworks and practices across the group.” Concerns Over ASX’s Operational Ability Announced today (Monday), the Australian Securities and Investments Commission (ASIC) has partnered with the Reserve Bank of Australia (RBA) to investigate the stock exchange amid concerns over its “ability to maintain stable, secure and resilient critical market infrastructure.” Meanwhile, the revelation of the broad inquiry also impacted the exchange’s publicly listed stock…

VanEck warns Bitcoin firms on dilution as stock nears NAV

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Matthew Sigel, VanEck’s head of digital assets research, is urging companies with Bitcoin treasuries to adopt stricter capital management practices as their stocks approach net asset value. In a X post on June 16, Sigel warned that continued share issuance near net asset value could harm shareholders rather than benefit them. NAV refers to the net value of a company’s entire Bitcoin (BTC) holdings is divided by the total number of outstanding.  It helps investors understand how much Bitcoin backs each share. A company may issue shares and use the…

Metaplanet Stock Shoots 24% as It Hits 10,000 Bitcoin Milestone

Key Notes Following its Bitcoin milestone, Metaplanet’s stock price reached 1,896 JPY and marking a staggering 425% YTD gain. As Metaplanet works in its “555 Million plan”, analysts are predicting a 5x rally in the US-listed entity MTPLF. The firm has announced a revised goal of 30,000 BTC by year-end, and 210,000 Bitcoins, equivalent to 1% of the total BTC supply, by 2027. Metaplanet stock registered a massive 24% upside on the Tokyo Stock Exchange on June 16, as soon as the Japanese firm announced acquiring 1112 Bitcoin BTC $107…

Bitcoin Buying Firms Need Plan For Stock Drops: VanEck Exec

Public companies buying up Bitcoin should consider sunsetting the tactic altogether if their stock prices drastically drop, according to a VanEck executive who warns that a major Bitcoin-scooping firm is close to being caught out.  “As some of these companies raise capital through large at-the-market (ATM) programs to buy BTC, a risk is emerging: If the stock trades at or near NAV [net asset value], continued equity issuance can dilute rather than create value,” VanEck’s head of digital assets research, Matthew Sigel, said in an X post on Monday. He…

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Bitcoin may fix Apple Stock Buybacks: Saylor

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Bitcoin exposure may provide a lucrative financial opportunity for Apple’s stock buyback program, according to Strategy’s Michael Saylor. Saylor’s proposition follows a Bitcoin (BTC) rally of over 11% since the beginning of 2025, which outperformed the 18% decline of Apple shares during the same period. Illustrating a growing corporate shift, increasingly more traditional companies are adopting digital assets beyond Bitcoin.  On Wednesday, Interactive Strength (TRNR), a Nasdaq-listed fitness equipment manufacturer, announced plans to raise up to $500 million to establish the world’s largest corporate Fetch.ai (FET) token treasury. Meanwhile, an…

Strategy Begins Nasdaq Trading of New Stock With $980M Bitcoin-Fueled Momentum

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A powerful new bitcoin-backed equity has stormed onto Nasdaq, fueling Strategy’s explosive crypto accumulation plans and intensifying investor demand for high-yield digital asset exposure. STRD Now Trading on Nasdaq as Strategy Expands Its Bitcoin-Backed Empire Software intelligence company Microstrategy (Nasdaq: MSTR), now operating under the brand Strategy, has introduced its third tranche of bitcoin-collateralized preferred […] Original

Which is the better Bitcoin proxy stock for your portfolio?

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Bitcoin proxy stocks for investors in 2025: Strategy Inc vs. BlackRock, compared When investors want exposure to Bitcoin without actually holding it, they often turn to what’s known as a Bitcoin proxy stock. These are equities or funds that mirror Bitcoin’s price movements, offering a way into the crypto market through traditional finance. Two of the most prominent examples today are Strategy Inc (formerly MicroStrategy) and BlackRock’s iShares Bitcoin Trust (IBIT). Strategy has become infamous for turning its corporate balance sheet into a Bitcoin vault, holding over 580,000 BTC as…

What’s next for HOOD stock?

Robinhood’s stock has rallied hard in recent weeks on hopes of being added to the S&P 500 index, but many investors were disappointed with the announcment that S&P Dow Jones Indices will make no changes to the S&P 500 lineup S&P Dow Jones, the operator of the coveted S&P 500 index, confirmed Friday afternoon that it will make no changes to the index. Robinhood was widely considered to be the next stock added to the index so confirmation it will be left out sent Robinhood’s stock down sharply on Monday.…