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See exactly how BITS's revenue becomes profit — a Sankey that traces revenue (and its reported segments) through gross profit, operating expenses, and net profit, with the year-over-year change on every line.
The same diagram the Chart Builder draws, right on the Summary tab. Upgrade to unlock it for BITS and 80,000+ other tickers.
The Global X Blockchain & Bitcoin Strategy ETF, identified by the ticker BITS, aims to deliver significant growth in its investment value over an extended period.
Bitcoin faces key resistance near $82,800, but I am bullish with a 12-month target of $95,000 and a stop-loss at $74,000. ETF inflows hit $3.52 billion in August, signaling institutional macro hedging, not long-term adoption, and creating a thin, volatile float. September catalysts (the CLARITY Act cloture vote and FOMC decision) will be pivotal; a clean break above resistance on volume could drive BTC toward $88,250–$90,000.
Bill Miller IV, chief investment officer and chairman at Miller Value Partners, joins 'Closing Bell' to discuss the causes in Bitcoin's recent uptick and more.
Bitcoin was rising Monday near the $80,000 level that it last touched in May, after the cryptocurrency surged last week on the Treasury Department's plans to buy back longer-dated Treasurys.
Bitcoin surges to fresh highs above $75,000, fueled by renewed debasement trades and Treasury buyback announcements. I reiterate buy ratings on Bitcoin, IBIT, and BTC, citing strong momentum, macro tailwinds, and technical support at $73,000. Implied volatility for IBIT has spiked to 40% ahead of key macro events, signaling heightened risk and opportunity.
Robert Mitchnick, head of digital assets at BlackRock, joins Isabelle Lee and Eric Balchunas on "Bloomberg ETF IQ." Hackers have stolen more than $130 million worth of Bitcoin from thousands of supposedly secure cold wallets in recent days.