Tag: Grayscale
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 Trust...
The Dawn of a New Era: SEC Approves Spot Bitcoin ETFs
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The U.S. Securities and Exchange Commission (SEC) has approved a spot Bitcoin ETF, marking a significant milestone in the history of cryptocurrency.
The approval of a spot Bitcoin ETF by the SEC is a landmark event in the world of finance. It signifies the recognition of Bitcoin as a legitimate asset class by one of the most influential financial regulatory bodies in the world. This is not just a victory for Bitcoin but for the entire cryptocurrency...
Crypto Market Update: AVAX, OP, Thunder Terminal, and Grayscale Bitcoin ETF
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The crypto market has witnessed some interesting events in the past week, as several projects and platforms made headlines for various reasons. Here are some of the key stories that shaped the crypto landscape in the last seven days.
One of the most notable performers in the crypto space was Avalanche (AVAX), which surged by more than 100% in the last 30 days, reaching a new all-time high of $48.60 on December 22. The blockchain platform,...
Grayscale wants to keep moving forward
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Grayscale Investments, a company that specializes in managing digital currency assets, recently announced its plan to turn its flagship Grayscale Bitcoin Trust (GBTC) fund into an exchange-traded fund, or ETF. Even though the crypto winter is still going on, shareholders are worried, and there are problems with regulations, Grayscale is moving forward with its plans.
Since the beginning of this year, GBTC’s share price has been on a slow...
Companies, Cryptocurrencies, ETF, Front page, GBTC, Grayscale, Main