April 30th, 2025
GBTC News - Page 8
Bitcoin ETFs Amass 95,000 BTC with AUM Hitting Over $4B
By Bhushan Akolkar
January 22nd, 2024
Among the newly launched nine Bitcoin ETFs, BlackRock and Fidelity’s ETFs have witnessed inflows northwards of $1.2 billion each.
Bitcoin Price Drops Below $41K, Its Lowest Level since ETF Approval
By Godfrey Benjamin
January 19th, 2024
Recent data reveals that the new spot ETF issuers have accumulated more than 68,000 Bitcoin in their first week of operation.
Grayscale CEO Justifies High Fees for Their GBTC Product despite Net Outflows
By Bhushan Akolkar
January 18th, 2024
On-chain data shows that money from GBTC has been flowing into the newly launched spot Bitcoin ETFs amid very low fee structures.
Bitcoin ETFs Record $10B in Trading Volume within Three Days
By Godfrey Benjamin
January 17th, 2024
While Grayscale’s Bitcoin fund has historically been a dominant force in the crypto investment space, it has experienced substantial outflows totaling more than $579 million since it commenced trading on January 11.
Bitcoin Price Faces Volatility, Is Around $42K Now as ETF Hype Subsides, Triggers Sell-Off
By Godfrey Benjamin
January 15th, 2024
Analysts anticipate that the outflows from Grayscale’s Bitcoin Trust (GBTC) ETF, coupled with investors shifting to lower-fee options, will exert downward pressure on Bitcoin price.
BlackRock, Fidelity, Ark Invest, Franklin Templeton, VanEck Place Bitcoin ETF on Their Main Pages
By Tolu Ajiboye
January 15th, 2024
Home pages of some spot Bitcoin ETF issuers now boldly show visitors that these funds are available to all interested members of the public.
JPMorgan Expects $36B of Inflows in Bitcoin ETF via Rotational Capital
By Bhushan Akolkar
January 12th, 2024
JPMorgan expects maximum outflows from GBTC into spot Bitcoin ETFs due to the very high fees of the former product.
Grayscale Applies for Covered Call ETF Hours after Spot Bitcoin ETF Approval
By Tolu Ajiboye
January 12th, 2024
The SEC has received a filing for a covered call ETF from Grayscale, which will have no direct exposure to crypto.
Grayscale Files Amended ETF Application Following Silbert’s Resignation
By Chimamanda U. Martha
December 27th, 2023
The amended ETF application came after a series of meetings between Grayscale and the SEC in December.
Ark Invest Continues to Trim Holdings in Coinbase (COIN) and GBTC
By Godfrey Benjamin
December 21st, 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.
SEC Chair Gary Gensler Says They Are Having New Look at Bitcoin ETF Applications
By Bhushan Akolkar
December 15th, 2023
While SEC Chair Gary Gensler acknowledged constructive dialogue in Bitcoin ETF applications, he also warned of persisting non-compliance issues in the crypto space.
Cathie Wood’s Ark Invest Offloads Massive GBTC and Coinbase Shares, Eyes AI Push
By Bhushan Akolkar
December 12th, 2023
While Cathie Wood has been aggressively selling off her investments in crypto firms, she’s making fresh bets in the AI space acquiring shares of top tech companies like Microsoft and Meta.
Goldman Sachs Expects Fed to Deliver First Rate Cut in Q3 2024
By Steve Muchoki
December 11th, 2023
The inflation growth rate in the United States has significantly declined in the past two years thus the anticipated interest rate cuts in the second half of 2024.
Ark Invest Is Dumping Large Amounts of Coinbase (COIN) Stock, Here’s Why
By Bhushan Akolkar
December 6th, 2023
The recent batch of dumping Coinbase (COIN) shares has been the largest from Ark Invest in 2023. COIN stock price is around a new yearly high of $140.
Open Interest in Bitcoin Perpetual Futures Hits New Yearly Record on Deribit Exchange
By Tolu Ajiboye
December 5th, 2023
The Deribit exchange has recorded a new yearly high for Bitcoin perpetual futures open interest, a record not seen since BTC’s ATH.