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Tag: GBTC

GBTC Outflows: A Threat or an Overreaction?

GBTC Outflows: A Threat or an Overreaction?

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GBTC moved more than $400 million worth of BTC to custodian Coinbase Prime. GBTC has bled $1.5 billion in investor assets since last Thursday. JPMorgan predicts an additional $10 billion in outflows if GBTC loses its liquidity advantage. Traders might be overstating the impact of GBTC selling. GBTC outflows find a counterpart in net inflows to the remaining spot Bitcoin ETF funds. The GBTC Outflows The Grayscale Bitcoin...

Bitcoin, Front page, GBTC, Grayscale, Main, News

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Crypto Market Faces Turmoil as NYAG Sues Gemini, Genesis, and DCG

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The crypto market is facing a new challenge as New York Attorney General (NYAG) Letitia James has filed a lawsuit against three prominent crypto companies: Gemini Trust Company (Gemini), Genesis Global Capital, LLC and its affiliates (Genesis), and Digital Currency Group, Inc. (DCG). The lawsuit accuses them of defrauding more than 230,000 investors, including at least 29,000 New Yorkers, of more than $1 billion. According to the NYAG,...

Bitcoin, Crypto market, GBTC, News

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Crypto Market Update: Bitcoin ETF Boosts Market Confidence

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The cryptocurrency market today is buzzing with optimism following the news that the U.S. Securities and Exchange Commission (SEC) will not appeal a court decision that rebuked its rejection of Grayscale’s application to turn its bitcoin (BTC) trust into an ETF. This development has significantly boosted the odds of the Grayscale Bitcoin Trust (GBTC) being converted into a more appealing ETF. The price of Bitcoin jumped on this news,...

Bitcoin, Crypto market, Cryptocurrencies, GBTC

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GBTC v SEC

Grayscale Wins Case Against SEC, Bitcoin Rallies

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Grayscale wins lawsuit against SEC Court rules in favor of Grayscale’s conversion of GBTC to an ETF Bitcoin rallies 5% on the news XDC Network’s native XDC gains 19% Grayscale Investments, a leading crypto investment firm, has won a lawsuit against the Securities and Exchange Commission (SEC) in the United States. The Washington, D.C., Circuit Court ruled in favor of Grayscale in its lawsuit challenging the SEC’s decision to...

Bitcoin, Crypto regulation, ETF, Front page, GBTC, Main, News, SEC

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Grayscale Fights for Fairness in the Race for a Bitcoin ETF

Grayscale Fights for Fairness in the Race for a Bitcoin ETF

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Grayscale Investments, the sponsor of the world’s biggest Bitcoin trust, GBTC, is urging the SEC to consider its proposal for a Bitcoin ETF. The firm argues that approving only other proposals would grant an unfairly discriminatory and prejudicial first-mover advantage. Grayscale is asking the SEC to be fair and consider GBTC’s nearly 1 million investors. First-Mover Advantage in ETFs The first-mover advantage is very real in...

Bitcoin, Cryptocurrencies, Front page, GBTC, Main, News

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