Bitcoin Exposed to Possible $1.5B in Future GBTC Sales, JPMorgan Says
An additional $1.5 billion could exit GBTC, putting more pressure on the bitcoin price in the coming weeks, the report said.
Gbtc
Bitcoin ETF Net Inflows Near $1B After Three Days
Total assets grew even as Grayscale’s GBTC saw sizable outflows as investors cash in following its conversion to a spot ETF.
JPMorgan Sees Significant Capital From Existing Crypto Products Pouring Into New Spot Bitcoin ETFs
The newly created ETFs could attract inflows of up to $36 billion from other crypto products like Grayscale Bitcoin Trust (GBTC), a report said.
ARK Sells $28M Grayscale Bitcoin Trust Shares as Bitcoin Nears $43K
ARK offloaded $13M worth of GBTC shares last week.
Grayscale Gears Up for Spot Bitcoin ETF, Updating Trust Agreement for Sake of ‘Operational Efficiencies’
The changes involve the fee structure, and how assets can be custodied for smoother share creation and redemptions.
First Mover Americas: Bitcoin Touches $38K on Quiet Holiday Weekend
The latest price moves in crypto markets in context for Nov. 24, 2023.
Grayscale Bitcoin Trust Could See $2.7B of Outflows if ETF Conversion Is Approved: JPMorgan
The bitcoin price could come under pressure as some of the money is likely to completely exit the ecosystem, the report said.
What Happens to GBTC Discount When FTX Sells its Holdings?
It’s possible the SEC could approve a spot ETF before any sales, taking discount worries off the table.
Grayscale Bitcoin Trust Outshines Nividia With 220% Gain This Year
“GBTC is the gift that keeps giving,” one observer said.
Cathie Wood’s ARK Sells Grayscale Bitcoin Trust Holdings, Coinbase for Second Day
Cathie Wood’s fund is continuing to sell crypto-related stocks as the market hits a high not seen since early 2022.