Genesis Completes Redemption of GBTC Shares, Buys 32K Bitcoins with Proceeds
The company in February got permission from a New York bankruptcy court to sell approximately 36 million shares of Grayscale’s Bitcoin Trust.
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Crypto Market Remains Focused on Spot Bitcoin ETF Flows Over Fundamentals: Coinbase
There were $836 million in net outflows between March 18 and March 21, the report said.
Grayscale Plans Low-Fee GBTC Spinoff: the Bitcoin Mini Trust
Bitcoin ETF manager Grayscale is seeking permission from the SEC to spin out a percentage of GBTC shares to seed the new Bitcoin Küçük Trust product, according to a filing on Tuesday.
Grayscale GBTC Selling Accelerates but Bitcoin ETF Inflows Remain Positive, Led by BlackRock
The key driver behind the selling could potentially be crypto lender Genesis, which last month received bankruptcy court approval to sell 35 million GBTC shares.
Bitcoin ETFs (Ex-GBTC) Now Hold More BTC Than MicroStrategy
The bitcoin exchange-traded funds (ETFs) through Wednesday held a combined 192,255 bitcoin, more than 2,000 above that of MicroStrategy, the largest publicly traded holder of the cryptocurrency.
Blackrock, Fidelity Bitcoin ETFs Have a Liquidity Edge Over Grayscale: JPMorgan
GBTC is expected to lose further funds to newly created ETFs unless there is a meaningful cut to its fees, the report said.
Grayscale’s GBTC Has Moved More Than 100K BTC to Exchange Since Spot Bitcoin ETF Launch
Bitcoin price pressures have picked up this week as outflows from the Grayscale Bitcoin Trust have topped $1 billion per day.
Is Grayscale Takeover Bait Amid Bitcoin ETF Battle?
Experts said newcomers in the bitcoin investing game could be enticed by Grayscale, the incumbent with a huge lead.
Bitcoin Bulls Buoyed by Report of FTX’s $1B GBTC Sale
Flows of fresh investor money into the newly approved spot bitcoin ETFs may be far higher than previously thought.
First Mover Americas: Bitcoin Slips Over 15% Since ETF Approval
The latest price moves in crypto markets in context for Jan. 19, 2024.