Tag: Grayscale

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 ...

Michael Sonnenshein, then CEO of Grayscale, urged US regulators in February 2024 to approve exchange-listed options for spot Bitcoin exchange-traded funds (ETFs). In a post on X, Sonnenshein argued that options could help investors with price discovery, risk management and income strategies. He also pointed out that Grayscale Bitcoin Trust ...

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 ...

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 ...