{"id":301931,"date":"2024-05-15T00:25:56","date_gmt":"2024-05-14T18:55:56","guid":{"rendered":"https:\/\/dripp.zone\/news\/jim-simons-renaissance-tech-invests-in-gamestop-shares-and-bitcoin-etf-crypto-news\/"},"modified":"2024-05-15T00:26:07","modified_gmt":"2024-05-14T18:56:07","slug":"jim-simons-renaissance-tech-invests-in-gamestop-shares-and-bitcoin-etf-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/jim-simons-renaissance-tech-invests-in-gamestop-shares-and-bitcoin-etf-crypto-news\/","title":{"rendered":"Jim Simons’ Renaissance Tech Invests in GameStop Shares and Bitcoin ETF – Crypto News"},"content":{"rendered":"

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American mathematician-investor Jim Simons\u2019 Renaissance Technologies has revealed its position in GameStop (GME) and spot Bitcoin ETF, as per the latest filing with the U.S. Securities and Exchange Commission (SEC).<\/p>\n

Renaissance Technologies Reveals Investment in GameStop and Spot Bitcoin ETF<\/h2>\n

According to a 13F filing with the U.S. Securities and Exchange Commission (SEC), Renaissance Technologies opened positions in GameStop<\/a> (GME) shares and invested in spot Bitcoin ETF. The company has purchased over 1 million GME shares worth $12,582.<\/p>\n

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GameStop<\/a> (GME) stock price has surged over 48% on Wednesday to hit a high of 52-week high of $64.83. GME stock price has soared over 180% in the last 2 days as trader Keith Patrick Gill known as \u201cRoaring Kitty\u201d returned to Twitter (X) after almost 3 years.<\/p>\n

Renaissance Technologies has also invested in spot Bitcoin ETFs, making only small and diversified investments. The company has invested a total of $11,939 in Fidelity Wise Origin Bitcoin ETF (FBTC), Bitwise Bitcoin ETF (BITB), Ark 21Shares Bitcoin ETF (ARKB), Invesco Galaxy Bitcoin ETF (BTCO) and Grayscale\u2019s GBTC.<\/p>\n

Several investment funds and investment boards including hedge fund Bracebridge Capital and the State of Wisconsin Investment Board have recently revealed holdings in spot Bitcoin ETFs in the United States.<\/p>\n

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Also Read: <\/strong>Jerome Powell Speech: Fed Chair Slightly Hawkish After Inflation Data, Bitcoin Jitters Mount<\/a><\/em><\/p>\n

Interest in Spot Bitcoin ETFs Revives<\/h2>\n

Spot Bitcoin ETFs<\/a> in the U.S. saw a $66 million net inflow on Monday. Fidelity and Bitwise recorded $38.6 million and $20.3 million, with other spot Bitcoin ETFs witnessing zero inflow.<\/p>\n

GBTC also witnessed zero flow, reviving hopes of Bitcoin price upsurge in the coming days as spot Bitcoin ETFs overall turned positive.<\/p>\n

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BTC price<\/a> fell nearly 3% today, with the price currently trading near $61,000 again. The 24-hour low and high are $61,156 and $63,422, respectively. However, the trading volume has increased by 11% in over the last 24 hours, indicating a rise in interest among traders.<\/p>\n

Also Read:<\/strong><\/p>\n

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Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry. <\/p>\n<\/p><\/div>\n

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