GBTC’s decline coincides with a recent downturn in the crypto market, resulting in Bitcoin price falling drastically.
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GBTC’s decline coincides with a recent downturn in the crypto market, resulting in Bitcoin price falling drastically.
Grayscale CEO Sonnenshein ask the SEC to approve options for GBTC, adding that the Commission has already approved same for futures ETFs.
An analyst from Grayscale argued that the crypto market is anticipating Ethereum’s transaction throughput and cost reduction through the Dencun upgrade more, making it more competitive with other layer-1 blockchains.