Grayscale experiences a record prolonged outflow caused by higher fees forcing investors to migrate to rival ETFs. Grayscale CEO assures a possible fee reduction as the market matures, and claims…
Browsing: GBTC
BlackRock’s IBIT ETF is setting the pace in the Bitcoin ETF sector, hinting at a broader adoption among institutional investors. JPMorgan’s potential entry into Bitcoin could hinge on evolving market…
GBTC outflows have significantly slowed down, indicating growing institutional interest in Bitcoin and potential for a price rally. Recent trends in call option buying and the upcoming Bitcoin halving event…
Grayscale’s Bitcoin Trust (GBTC), now a spot Bitcoin ETF, experienced its largest single-day outflow on March 18. Bitcoin’s price dipped slightly, remaining steady despite significant outflows from Bitcoin ETFs. The…
Bankrupt crypto firm Genesis Global has received authorization from a New York court to liquidate $1.6 billion in Grayscale shares, with a vast majority of it being in GBTC. With…
BlackRock’s Bitcoin ETF marks a historic moment by outperforming Grayscale’s GBTC in daily trading volume, signaling a shift in investor preference. The upcoming Bitcoin halving and potential ETF listings could…
BlackRock and Fidelity are emerging as strong competitors in the Bitcoin ETF market, challenging the dominance of Grayscale. iShares’ holdings in Bitcoin have surpassed 50,000 BTCs, marking a significant milestone…
Tether’s extensive minting activity, has contributed to the recent surge in Bitcoin price moving all the way to $43,500. Fidelity’s spot Bitcoin ETF, FBTC, attracted $208 million in daily inflows,…
PMorgan analysts indicate that the major selling pressure on Bitcoin might be easing, with a significant reduction in net outflows from Grayscale’s Bitcoin Trust (GBTC). Speculations arise on whether Bitcoin…
Grayscale’s Bitcoin Trust (GBTC) experiences a significant slowdown in outflows, suggesting reduced selling pressure on Bitcoin. Bitcoin demonstrates resilience, maintaining its position around the $40,000 mark, with potential signs of…
GBTC is reported to have recorded $1.5 billion in outflows with an additional $1.5 billion expected through profit-taking. According to the bank, $5 billion to $10 billion could flow out…
Cathie Wood, CEO of ARK Invest, clarified that the decision to sell GBTC shares was driven by caution and profit potential, not a loss of confidence in Bitcoin. Wood remains…
Per recent reports, Ark Invest has sold a significant portion of its GBTC shares from its Next Generation Internet fund. Ark Invest’s CEO, Cathie Wood, is convinced that a Bitcoin…
According to JP Morgan, a staggering $2.7 billion could exit the cryptocurrency market as Graysacle attempts to make a product conversion. Grayscale is reportedly looking to convert its Grayscale Bitcoin…
Grayscale Investments has announced a partnership agreement with FTSE Russell to launch five distinct rules-based indices. This comes after the asset manager received approval from the SEC for its spot…
Grayscale Investments’ discount falls to an all-time low of 12 percent to its net asset value (NAV). As of December last year, it had a record low of 50 percent,…
Analysts believe that it is 75 percent certain that the US Securities and Exchange Commission to approve a Bitcoin spot ETF this year following the Grayscale ruling. SEC is also…
Grayscale’s GBTC climbs 12% in value, reducing its NAV discount to 44%. The climb comes after the Jan. 8 deadline given to DCG by Gemini exchange passed uneventfully. The world’s…
Grayscale CEO Michael Sonnenshein says the company will consider a 20 percent GBTC shares buyback offer if it loses the SEC case. Sonnenshein however remains confident that the court will…
The fund’s latest reports have exposed the rumors about Grayscale’s GBTC trust fund. A Bloomberg report claims that the GBTC trust fund is the most important investment product in the…