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.
Grayscale
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.
Genesis Seeks Approval to Sell $1.6B in Bitcoin, Ether Trust Holdings
Nearly $1.4 billion of Genesis’ assets were held in Grayscale Bitcoin Trust (GBTC), which has since converted to a spot exchange-traded fund (ETF).
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.
FTX Affiliate Alameda Research Drops Grayscale Lawsuit
FTX liquidators are scrapping a costly kanunî battle to secure money for FTX creditors, following GBTC’s conversion into a spot bitcoin ETF.
FTX Sold About $1B of Grayscale’s Bitcoin ETF, Explaining Much of Outflow: Sources
BTC’s price has fallen since bitcoin ETFs were approved. In theory, now that FTX is done selling its substantial holdings, the selling pressure could ease since a bankruptcy estate liquidating holdings is a relatively unique event.
Grayscale Moves Another 9K Bitcoin to Exchange in Preparation for Sale
The news sent bitcoin tumbling early Tuesday, but the price quickly recovered.
Bitcoin’s Technicals Suggests Deeper Pullback to $38K: Analyst
Bitcoin’s RSI divergence signals correction, 10x Research said.
Bitcoin ETFs Win SEC Approval, Bringing Easier Access to Biggest Cryptocurrency
The asset management industry has tried launching a spot bitcoin ETF for over a decade. Hopes are high they will lure more investors into crypto.