grayscale bitcoin trust Archives

Grayscale Bitcoin Trust Sees Equilibrium amidst $15 Billion Outflows

While outflows have decreased from the substantial $600 million observed in March, GBTC continues to face net redemptions.

US Prosecutors Charge Trio with Wire Fraud and Identity Theft in $400M FTX Hack

Altcoin News, Cryptocurrency News, News

By Tolu Ajiboye Feb 2, 2024

The US government is finally resolving the FTX hack as it files charge against three people involve in the phone swap hack.

Bitcoin (BTC) Price Rebounds Above $41K as Grayscale Outflows Slow Down

Bitcoin News, Cryptocurrency News, News, Story of the Day

By Godfrey Benjamin Jan 26, 2024

According to data from BitMEX Research, GBTC witnessed a decrease in outflows, with $394.1 million on January 25, down from $429.3 million on Wednesday and $515.3 million on Tuesday.

Bitcoin News, Cryptocurrency News, News

BTC Price Tanks to $39,000 Despite Bitcoin ETFs Amassing 100K BTC

By Bhushan Akolkar Jan 23, 2024

Nine new spot Bitcoin ETFs have accumulated over 100,000 BTC, valued at $4 billion AUM. BlackRock’s IBIT leads with 40,213 BTC.

Funds & ETFs, Market News, News

Grayscale’s GBTC Sees $640M Outflow in One Day amid ETF Bear Market

By Godfrey Benjamin Jan 23, 2024

The approval of spot Bitcoin ETFs was anticipated to be a positive catalyst for Bitcoin’s price. However, the reality has been starkly different, with Bitcoin experiencing a decline.

Funds & ETFs, Market News, News

Grayscale CEO Justifies High Fees for Their GBTC Product despite Net Outflows

By Bhushan Akolkar Jan 18, 2024

On-chain data shows that money from GBTC has been flowing into the newly launched spot Bitcoin ETFs amid very low fee structures.

Business News, Investors News, News

Ark Invest Continues to Trim Holdings in Coinbase (COIN) and GBTC

By Godfrey Benjamin Dec 21, 2023

Amidst the sell-off, Ark Invest has strategically acquired 158,334 shares ($12.1 million) in Jack Dorsey’s Block Inc for its Next Generation Internet ETF.

Bitcoin News, Blockchain News, Commodities & Futures, Cryptocurrency News, Market News

Open Interest in Bitcoin Perpetual Futures Hits New Yearly Record on Deribit Exchange

By Tolu Ajiboye Dec 5, 2023

The Deribit exchange has recorded a new yearly high for Bitcoin perpetual futures open interest, a record not seen since BTC’s ATH.

Blockchain News, Business News, Cryptocurrency News, Investors News, Market News

Cathie Wood’s Ark Invest Offloads $5.3M in Coinbase Holdings and Acquires $1.2M Worth of Robinhood Shares

By Tolu Ajiboye Nov 28, 2023

Ark Invest seems to be rearranging its investment portfolio and has continued to sell huge amounts of Coinbase, while acquiring Robinhood shares.

Blockchain News, Cryptocurrency News, Ethereum News, Funds & ETFs, Market News

Grayscale Seeks SEC Approval to Convert Ethereum Trust into Spot ETF

By Chimamanda U. Martha Oct 2, 2023

If approved, the move marks a significant step towards providing investors with transparent and regulated access to crypto within familiar product structures.

Bitcoin News, Cryptocurrency News, Funds & ETFs, Market News, News

Bitcoin Price Shoots Over 7% as Grayscale Registers Victory over SEC

By Bhushan Akolkar Aug 30, 2023

Grayscale’s victory over the US SEC marks a milestone event which can open up the gates of approval for the spot Bitcoin ETF.

Bitcoin News, Cryptocurrency News, News

Bitcoin (BTC) Price Shoots to $29,000 amid Flurry of Bitcoin ETF Applications

By Bhushan Akolkar Jun 21, 2023

The Bitcoin price rallied soon after the spot BTC ETF applications by WisdomTree and Invesco on Tuesday. Bitcoin extends its market dominance to 50% of the overall crypto market.

Bitcoin News, Cryptocurrency News, Funds & ETFs, Market News, News

GBTC Sees Over 400% Surge in Trading Volume in 5 Days, Here’s Why

By Mayowa Adebajo Jun 21, 2023

There is a renewed hope that the US Securities and Exchange Commission (SEC) may finally approve a spot Bitcoin ETF.

Bitcoin News, Cryptocurrency News, Funds & ETFs, Market News, News

GBTC Premium Closing in on 2022 High as Bitcoin Spot ETF Agenda Seemingly Close to Becoming Reality

By Tolu Ajiboye Apr 21, 2022

The SEC’s approval for a GBTC Bitcoin spot ETF is a “matter of ‘when’ and not ‘if’”, according to Grayscale CEO Michael Sonenshein.

Bitcoin News, Cryptocurrency News, Funds & ETFs, Market News, News

Grayscale Bitcoin Trust Hits Record 21.36% Discount

By Sanaa Sharma Dec 20, 2021

When GBTC began experiencing discounts of over 20% in October 2021, it filed for a formal application with the US SEC for a possible conversion of the product.