Michael Saylor Says Bitcoin ETFs Aren’t a Threat to MicroStrategy + More News
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MicroStrategy executive chair and co-founder Michael Saylor argues the company will remain an attractive option to investors seeking exposure to bitcoin (BTC) even if the US Securities and Exchange Commission (SEC) approves an exchange-traded fund (ETF), according to Bloomberg.
“The ETFs are unlevered and they charge a fee,” Saylor said. “We provide you leverage, but we don’t charge a fee. We offer a high-performance vehicle for people that are Bitcoin long investors.”
“We can take advantage of intelligent leverage,” he added. “We can borrow money at zero percent interest for many many years, and we did that with the convert, and we can use that to buy Bitcoin.”
Analysts argue the SEC may authorize Bitcoin spot ETFs by mid-January.
MicroStrategy held about $6.5 billion in BTC as of November 30.
Asset manager WisdomTree announced the launch of the WisdomTree Bianco Total Return Fund (WTBN) on the NASDAQ. WTBN seeks to track the price and yield performance, before fees and expenses, of the Bianco Research Fixed Income Total Return Index, created by investment and financial analytics firm Bianco Research LLC.
Per the press release, the Bianco Research Fixed Income Total Return Index employs a multi-step rules-based process that strives to outperform a market-cap-weighted universe of USD-denominated debt by tilting exposures to select factors historically recognized to drive fixed income performance.
As a passively managed fund of funds, WTBN utilizes a market-efficient strategy based on macro and fundamental factors: screening a universe of the US-domiciled
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