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Bitcoin ETF News: Switzerland Opens Retail Access as BlackRock Sees $665M Inflow

Switzerland has approved its first spot Bitcoin ETF for retail investors, opening another regulated route into Bitcoin just as BlackRock’s flagship fund attracts $665 million in daily inflows. The Swiss Financial Market Supervisory Authority (FINMA) announced the approval late yesterday, marking a milestone for the country’s crypto investment market. The fund will invest directly in…

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Cathie Wood’s ARK Sees Tesla at $4,400 With $225B AI Spending Forecast

Key Takeaways ARK expects robotaxis to contribute 80% of Tesla’s enterprise value in 2031. Its $4,400 target is about 1,039% above the Oct. 21 close. The model incorporates share dilution from Musk’s stock-based compensation. AI Spending Assumptions Support the $4,400 Tesla Forecast Cumulative AI infrastructure spending at Tesla would rise from approximately $7 billion at…

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Mark Zuckerberg Agrees to Stay in California Despite Billionaires’ Tax Ballot Measure

Meta CEO Mark Zuckerberg has agreed to keep living in Silicon Valley for eight years, potentially exposing himself to billions of dollars in one-time taxes if California voters approve a contentious ballot measure next month, according to a company regulatory filing released Wednesday. During a dinner with Meta board members on September 9, Zuckerberg informed…

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Canada P2P crypto activity falls as student permit numbers decline

Canada’s monthly peer-to-peer crypto activity has fallen from a spring 2024 peak near 650,000 transactions alongside a decline in study permits, a pattern Chainalysis has linked to changes in the country’s international student population. Summary The study describes a population-level correlation, without establishing that international students caused the transaction decline. Government figures show 71% fewer…

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Ripple-Backed Evernorth Eyes $132M Funding Amid XRP Buying Plans

Key Takeaways Full cash exercise of public warrants could generate about $132.2 million. Completed advance and delayed placements brought $224.55 million in cash. Ripple contributed 126,791,458 XRP to Evernorth’s operating subsidiary. Evernorth Plans Further XRP Purchases Through Capital Raising Buying additional XRP forms part of the financing strategy that Evernorth Holdings Inc. (Nasdaq: XRPN) outlined…

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