The United States Securities and Exchange Commission (SEC) has officially acknowledged NYSE Arca's application to convert Grayscael's Digital Large Cap Fund (GDLC) into an exchange-traded fund (ETF). The NYSE's application seeks to transform the GDLC—a fund that includes major digital assets such as Bitcoin, Ethereum, Solana, XRP, and Avalanche—into an ...
Ryan Lee, Chief Analyst at Bitget Research, has highlighted the potential of Grayscale's newly launched XRP Trust as a stepping stone towards a future XRP exchange-traded fund (ETF). Grayscale officially introduced the Grayscale XRP Trust on September 12, offering accredited investors a new way to gain exposure to XRP. Like ...
On January 10, 2024, the U.S. Securities and Exchange Commission approved ten spot bitcoin ETFs, marking a significant milestone in the history of the country's crypto sector. It took 11 years of back-and-forths with regulators and multiple institutional and financial asset managers to finally leverage Bitcoin's uniqueness as a digital ...
Bloomberg's senior ETF analyst, Eric Balchunas, has predicted that BlackRock's $IBIT spot Bitcoin exchange-traded fund will overtake Grayscale's Trust Bitcoin Shares ($GBTC) by the end of the month. Eric Balchunas, in a social media post on Wednesday, April 17, drew attention to the rapidly changing landscape of bitcoin ETFs. He ...
A crypto community stakeholder, Steven Lukba, has said the US government's planned sale of almost $130 million worth of Bitcoin is nothing compared to the outflows from Grayscale Bitcoin Trust Shares ($GBTC) ETF. A forfeiture notice, issued on January 10, outlined the government's intention to sell the 2,934 bitcoin seized ...
Bitcoin's prices have plummeted to a seven-day low, according to market data for Monday, January 22, 2024. This drop marks the cryptocurrency's lowest point since the launch of new spot Bitcoin exchange-traded funds (ETFs) on January 11. At the time of reporting, Bitcoin is trading at $38,958, reflecting a substantial ...
BlackRock's spot Bitcoin exchange-traded fund ($IBIT) recorded its third-largest inflow, at $272 million, on the seventh day of live trading, according to data published by Bloomberg ETF analyst James Seyffart. The ETF had previously posted its largest inflow so far on day two of live trading at $386 million. Its ...
Flowdesk, a renowned French-based digital asset market maker, has raised $50 million in a Series B funding round to bolster its operations. The investment round was led by venture capital company Cathay Innovation and comprised contributions from Ripple, Eurazo, Speedinvest, Cathay Ledger Fund, BPI, and ISAI. Flowdesk aims to use ...
Grayscale's spot Bitcoin ETF has witnessed a substantial outflow of approximately $1.1 billion within the last three days. This massive outflow from the fund followed a reduction in its discount to the lowest level in nearly three years. Bloomberg's ETF analyst, James Seyffart, reported via a post on X (formerly ...
BlackRock, the world's largest asset manager, has reportedly filed for a spot Ethereum exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC), today, November 16, 2023. This application comes exactly a week after it submitted the 19b-4 filings for the same spot ETF contract, named iShares Ethereum Trust ...
