Behold, the Morgan Stanley Bitcoin Trust, a vessel designed to mirror the price of bitcoin, minus the trivialities of fees and expenses. Should the heavens smile upon this endeavor, its shares shall grace a national securities exchange, though the ticker symbol remains shrouded in mystery. 🕵️♂️
This fund aims to mimic the performance of SOL-Solana’s starry-eyed native token-via a Pricing Benchmark that sounds more like a cryptic crossword clue than a financial metric. Naturally, expenses and liabilities are woven into the tapestry, ensuring the fund’s allure is not entirely costless.
As it turns out, there’s this analyst – let’s call him “Mr. Nostradamus” – who’s pointing at a magic number that could either send Bitcoin soaring or crashing harder than my last blind date. 🥴
What forces are driving this rise, and how do analysts view VIRTUAL’s outlook for 2026? Perhaps the same forces that made a sock puppeteer a billionaire?
A sudden rally, as if by magic, followed the Lighter team’s announcement that all fees would be funneled into LIT tokens. A plan as cunning as it is commendable! 🧠
In his latest diatribe-delivered, one assumes, between sips of lukewarm kombucha-Buterin scolded developers for their obsession with “progress.” Efficiency? Convenience? Mere illusions, he hissed, designed to lull users into surrendering to the dark lords of centralization. (Dramatic? Perhaps. But have you met crypto Twitter?)
In a universe where logic walks barefoot and Newton’s laws take vacations, the Bored Ape Yacht Club (BAYC) stands as a monument to the sheer audacity of gullibility. Launched in 2021 as if someone thought JPEGs could transcend their own nullity, this project turned “vibes only” into a multi-billion-dollar punchline.
Behold, more Bitcoin is returning to profit, like a prodigal son stumbling back home after a night of questionable decisions. Loss-taking is declining, and realized losses are shrinking faster than a bureaucrat’s conscience. “Holder sentiment is improving,” they say, though one wonders if this sentiment is as fragile as a Gogol protagonist’s ego. 😏
BlackRock’s iShares Bitcoin Trust (IBIT), led the charge – a positively breathtaking £371.9 million, if you please! – with Fidelity’s FBTC not far behind at £191.2 million. Honestly, the sheer exuberance is faintly unsettling.
