Earlier this week, GBTC recorded daily net inflow after a very long time of constantly seeing outflows.
The prominent crypto wallet developer had secured approval for its stock to be listed on the NYSE American.
The latest offloading of Coinbase shares comes amid the part of Ark’s portfolio rebalancing. Coinbase still remains the third-largest holding for the company.
Despite Grayscale GBTC holding the largest BTC reserves, the BlackRock Bitcoin ETF IBIT remains the top choice of institutions.
The companies said the rollout of the fund could be viewed as a significant step forward in enhancing the financial infrastructure of Hong Kong’s ETF market.
The Hong Kong equities sector is relatively small as opposed to that of the United States.
The company is also holding large amount of shares of the Fidelity Bitcoin ETFs, as well as the ProShares Bitcoin Strategy ETF (BITO).
During the campaign, the Democratic Party of Korea promised to allow trading and listing of spot ETFs in the country to entice young voters to participate in the election.
While Marathon Digital’s recent developments look promising enough, the company’s future remains undoubtedly tied to the fate of Bitcoin (BTC) and its price.
ChinaAMC’s Bitcoin ETF registered $75 million outflows on Monday, May 6, while the two other Bitcoin ETFs saw zero inflows. The Hong Kong spot Bitcoin ETFs trading volumes plummeted 90% in a week’s time.
Exodus Movement comes off as the only company in the United States with its common stock tokenized on the blockchain.
The daily trading volume of the US spot Bitcoin ETFs has significantly declined since March.
The optimism surrounding the approval of spot Ethereum ETF by the end of May has dropped from 70% to now at 25%.
The recent influx of $63 million offers a glimmer of hope for the Grayscale Bitcoin Trust. This positive trend coincides with a broader upswing in the cryptocurrency market.
According to experts, there is no better time than now for China to seek alternative investment opportunities.