Quickly understand the history and background of various well-known coins

Vitalik's Portfolio: Bitcoin Under 10%, SEC Approves Bitcoin ETF

Coin WorldFriday, Jan 31, 2025 10:19 am ET

1min read

Ethereum co-founder Vitalik Buterin has recently shared insights into his cryptocurrency portfolio, revealing that Bitcoin (BTC) makes up less than 10% of his holdings. In a Twitter post, Buterin stated, "I'm under 10% in BTC. But then again, I'm under 10% in anything that's not ETH." This disclosure underscores Buterin's commitment to Ethereum (ETH), which remains his primary investment.

Meanwhile, the U.S. Securities and Exchange Commission (SEC) has given initial approval to Bitwise Asset Management's Bitcoin and Ethereum ETF. The ETF will track the spot prices of BTC and ETH, with 83% allocated to BTC and 17% to ETH. However, Bitwise still needs the SEC to approve its Form S-1 registration for the fund to go live. The approval comes less than two weeks after the SEC appointed a new crypto-friendly acting chair.

January has proven to be a strong month for Bitcoin, ranking as the second-best month in the last ten months, with a 35% price increase. This performance follows November 2024, which saw a 37% price increase after President Trump's election win. Historically, January has been one of the top-performing months for BTC, with five of the last six Januarys ending in the green, and an average gain of about 4%.

This January has been particularly eventful, with President Donald Trump taking office and implementing several pro-crypto policies. Looking ahead, February has historically been the third-best month for Bitcoin, with an average gain of 16%.

Disclaimer: The news articles available on this platform are generated in whole or in part by artificial intelligence and may not have been reviewed or fact checked by human editors. While we make reasonable efforts to ensure the quality and accuracy of the content, we make no representations or warranties, express or implied, as to the truthfulness, reliability, completeness, or timeliness of any information provided. It is your sole responsibility to independently verify any facts, statements, or claims prior to acting upon them. Ainvest Fintech Inc expressly disclaims all liability for any loss, damage, or harm arising from the use of or reliance on AI-generated content, including but not limited to direct, indirect, incidental, or consequential damages.