Grayscale

Bitcoin's (CRYPTO: BTC) plunge below the $39,000 mark signifies a downturn in market value. Several crypto industry stalwarts, however, deem the correction as healthy. What Happened: "We have needed a correction since the recent pump in price for BTC," Anthony Bevan, CEO of...

Since Grayscale Bitcoin Trust (OTC: GBTC) was transformed into an exchange-traded fund (ETF) earlier this month, $1 billion of the $2 billion in outflows were offloaded by FTX's bankruptcy estate.  What Happened: According to data reviewed by Coindesk, FTX offloaded 22...

A JPMorgan Chase and Co (NYSE: JPM) report sees Grayscale Bitcoin Trust (OTC: GBTC) investors who bought GBTC at a discount pre-ETF approval taking full profits, rather than shifting to cheaper spot Bitcoin ETFs. JPMorgan Warns Of $1.5 Billion More Outflows In a research note ...

The debut of spot Bitcoin (CRYPTO: BTC) exchange-traded funds in the market has captured the attention of investors with trading volumes soaring to approximately $10 billion in the first three days. What Happened: Grayscale Investments witnessed its Bitcoin Trust ETF (now GBTC after its ETF...

Several spot Bitcoin (CRYPTO: BTC) ETF issuers, such as BlackRock Inc (NASDAQ: BLK), Ark Invest, VanEck and Grayscale, are launching TV commercials advertising their Bitcoin exchange-traded funds, which attracted over $4 billion in trading volume on the first...

The Grayscale Bitcoin Trust (CRYPTO: GBTC), managed by Grayscale, is claiming bragging rights for being the first of the newly approved spot Bitcoin (CRYPTO: BTC) exchange-traded fund (ETF). What Happened: CoinDesk reported on Thursday that GBTC began pre-market trading at 4 am EST, as confirmed by...

Nate Geraci, President of ETFStore, an investment advisor, highlighted the key areas to watch in the final stages of the Bitcoin (CRYPTO: BTC) ETF race. Here is what investment professionals are watching and why you should be watching it too. 1. The Fee Wars: Happy Days For...

The U.S. Securities and Exchange Commission informed exchanges and issuers that want to list spot Bitcoin (CRYPTO: BTC) ETFs to submit a final version of a key document as soon as Friday, Bloomberg reported, citing sources close to the matter. What Happened: The documents...

Even as the crypto market awaits a decision on spot Bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC), Bitwise Asset Management Chief Investment Officer Matt Hougan emphasized its monumental yet underappreciated impact, asserting the market had not fully grasped...

On Thursday, Cathie Wood-led Ark Invest made a significant move by selling nearly $2.9 million worth of Grayscale Bitcoin Trust (OTC:GBTC) shares. This decision comes amidst a fluctuating crypto market and Ark’s strategic adjustments in their crypto holdings. Notably, the apex cryptocurrency...

The U.S. Securities and Exchange Commission (SEC) on Tuesday announced a delay in its decision regarding the listing and trading of shares of the Grayscale Ethereum (CRYPTO: ETH) Trust. The decision, initially due in December 2023, has been postponed to Jan. 25, 2024, as the SEC required more...

Scott Johnsson, a general partner at Van Buren Capital, is hyping up the "official" date range for when regulators will approve Spot Bitcoin Exchange-Traded Funds (ETFs). What Happened: Johnsson, citing a letter from Sherry Haywood of the U.S. Securities and Exchange Commission, expects...

A new research report shed light on the ownership landscape of Bitcoin (CRYPTO: BTC), revealing a substantial majority of Bitcoin holders were small investors, with approximately 74% of Bitcoin addresses holding less than 0.01 BTC. The study, by Grayscale Research, titled "Demystifying Bitcoin...

The Securities and Exchange Commission deferred its decision Wednesday on two significant cryptocurrency-related ETF applications. What Happened: Hashdex's proposal to transform its Bitcoin futures ETF into a spot Bitcoin (CRYPTO: BTC) ETF and Grayscale's bid to launch a new...

The Close the * Door Issue We saw the most entertaining press conference by a Federal Reserve Chairman in decades. Jerome Powell “surprised” Wall Street by saying exactly the same thing he’s been saying for almost two years, then got caught on a hot mike wanting to shut the door...