Tom Lee-Managed GRNY ETF Makes MSTR Its Largest Holding Ahead of 46% Rally
Bloomberg ETF analyst Eric Balchunas said the Fundstrat Granny Shots US Large Cap ETF (GRNY), managed by BitMine Chairman Tom Lee, sharply increased its position in Strategy (MSTR) starting in mid-August, taking MSTR from the fund’s smallest holding to its largest in roughly two weeks. As of September 3, MSTR accounted for about 3.02% of the portfolio, surpassing Robinhood at 2.99%. Balchunas noted that the accumulation took place before MSTR subsequently rallied about 46%.
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Tom Lee-Managed GRNY ETF Makes MSTR Its Largest Holding Ahead of 46% Rally
Bloomberg ETF analyst Eric Balchunas said the Fundstrat Granny Shots US Large Cap ETF (GRNY), managed by BitMine Chairman Tom Lee, sharply increased its position in Strategy (MSTR) starting in mid-August, taking MSTR from the fund’s smallest holding to its largest in roughly two weeks. As of September 3, MSTR accounted for about 3.02% of the portfolio, surpassing Robinhood at 2.99%. Balchunas noted that the accumulation took place before MSTR subsequently rallied about 46%.
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news9/3news
THE BLOCK: The crypto market cap jumped to nearly $2.82 trillion on Thursday, its highest level in more than seven months after mid-January’s plunge from $3.4 trillion to $2.3 trillion.
$ZEC jumped 16.5%, $ADA gained 13%, $DOGE and $XRP climbed about 10%, while Strategy $MSTR and Circle $CRCL rallied 15% and Coinbase $COIN rose 10%.