Governance
Top tech news stories today: March 1, 2024
Bitcoin set for biggest monthly jump since 2020 amid ETF boost, BofA offering spot bitcoin ETFs to clients and other top tech news.
Headline
Bitcoin set for biggest monthly jump since 2020 amid ETF boost, BofA offering spot bitcoin ETFs to clients and other top tech news.
Context
Dive into the future today with the latest tech news! Stay ahead of the curve with breakthroughs that are reshaping our world. Click now and be part of the journey into tomorrow’s technology, today! Bitcoin’s monthly gain is more than 47%, its largest since December 2020, and its rally has pulled ether along in its wake. The smaller cryptocurrency topped $3,500 for the first time since April 2022 on Wednesday and was last up 4.3% at $3,466, taking its February increase to 52%. （ Breaking News )
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Analysis
Bank of America’s Merrill Lynch and Wells Fargo have been offering spot bitcoin exchange-traded funds to eligible wealth management clients, highlighting the growing popularity of the asset class. ( Reuters ) BlackRock’s iShares spot Bitcoin exchange-traded fund will be available in Brazil thanks to the launch of a new BTC BDR (Brazilian Depositary Receipts) ETF. Trading will begin on March 1, the world’s largest asset manager announced on Feb. 29. ( Yahoo ) “It will be, and it won’t wait. It will be larger than gold,” Novogratz said. Of the estimated $85 trillion in baby boomer wealth, the majority is managed by registered investors, approximately half of which have access to the 10 recently approved spot Bitcoin ETFs, he says. ( Fortune ) Indosat Ooredoo Hutchison (IOH) has signed an agreement to adopt Nvidia’s full-stack AI platform in Indonesia, offering companies easy access to cutting-edge graphics processing unit (GPU) technologies to build next-generation digital services. ( Light Reading )
Key Points
- 1. Bitcoin set for biggest monthly jump since 2020 amid ETF boost
- 2. BofA’s Merrill, Wells Fargo offering spot bitcoin ETFs to clients
- 3. BlackRock Brazil launching depositary receipts fund mirroring US BTC ETF
- 4. Bitcoin will be ‘larger than gold’ thanks to baby boomers’ trillions, Galaxy CEO Mike Novogratz says
- 5. Indosat eyes GPU-as-a-service with Nvidia collaboration
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