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 ...
The price gap between shares of Grayscale Bitcoin Trust (GBTC) and the trust's underlying Bitcoin holdings has narrowed to its lowest level in 22 months. On October 13, 2023, GBTC shares traded at a 15.87% discount to the trust's net asset value, according to data firm YCharts. This represents the ...
Grayscale has petitioned the U.S. Securities and Exchange Commission (SEC) to hasten its decision regarding the application to convert the Grayscale Bitcoin Trust (GBTC) to a traditional Bitcoin Exchange-Traded Fund (ETF). In a letter sent on September 5, 2023, to the SEC, Grayscale's legal team argued that there are no ...
Digital asset management firm Grayscale has achieved a significant legal victory over the United States Securities and Exchange Commission (SEC) in its pursuit to transform its Grayscale Bitcoin Trust (GBTC) into a publicly traded Bitcoin exchange-traded fund (ETF). The SEC had previously rejected Grayscale's application in June 2022, citing concerns ...
