Tag: GBTC
As Bitcoin Halving Approaches, GBTC Experienced Its Own Halving!
One of the important agendas of this year was undoubtedly the SEC’s approval of spot Bitcoin ETFs. Following this important development, outflows from Grayscale’s GBTC fund began. Even gold bug…
Grayscale’s GBTC Outflows Continue to Suppress Bitcoin! Here is the Latest Situation in the Bitcoin ETF Market
spotlight in the United States Bitcoin Exchange-traded funds (ETFs) experienced net outflows yesterday after a streak of inflows for four consecutive days. GBTC Outflows Outweigh Inflows in the US Spot…
Breaking News: Bankruptcy Genesis Received Bitcoin by Selling 2.2 Billion Dollars of GBTC Shares! What Will This Do With BTC? Here is the Answer
Bankrupt cryptocurrency loan company Genesis is a creditor, according to information shared by Bloomberg. cryptocurrency sold GBTC shares and 32,041 to pay back its users Bitcoin received it. *This is…
Grayscale’s GBTC Outflows Are Decreasing! What’s the Latest Situation in Bitcoin ETFs? Here are the Details
According to data from CoinGlass, the US spot market this week Bitcoin Exchange-traded funds (ETFs) saw a shift in flows, returning to positive net inflows on Wednesday. This reversal follows…
Breaking News: Court Allows Genesis to Sell $1.3 Billion GBTC Shares
According to last minute information, the court in the USA, the shipwreck cryptocurrency allowed Genesis to sell $1.3 billion worth of GBTC. Genesis, a bankrupt cryptocurrency lender, has been given…
Genesis Files with Court to Sell $1.4 Billion GBTC Bitcoin ETF Stake
a bankrupt cryptocurrency Genesis Global Capital, a lender, filed a petition with the U.S. Bankruptcy Court in the Southern District of New York. The company is seeking authorization to sell…
Is Bitcoin Escaped from Selling Pressure? What Does GBTC Data Point to?
Bitcoin After the sales pressure it experienced last week, it managed to recover and moved towards the $ 43,500 level. One of the main reasons for the recovery in prices…
While FTX Sells GBTC, Grayscale Is Offloading Bitcoin to Coinbase!
Bitcoin price has fallen since Bitcoin ETFs were approved. During this period, FTX sold approximately $1 billion from Grayscale’s Bitcoin ETF. Meanwhile, Grayscale continues to offload BTC to Coinbase. Alameda…
Second Day Performances of Bitcoin Spot ETFs Revealed: Is GBTC the Reason for the Decrease in BTC Price?
Bitcoin Following the historic approval of spot ETFs by the U.S. Securities and Exchange Commission (SEC), their second-day performance revealed promising growth in the sector. Bloomberg analysts Eric Balchunas and…
According to Bloomberg Analyst, ARK Invest Invested in This Stock by Selling All of its GBTC Shares!
Bloomberg analyst Eric Balchunas In a new development reported by ARK Invest made significant portfolio adjustments. ARK Invest Liquidates GBTC Position, Transfers Funds to BITO The investment firm reportedly sold…
Discount Rate on Grayscale’s GBTC Product Dropped Below 6 Percent: What Does It Mean for Bitcoin? Expert Explained
The discount rate for Grayscale Bitcoin Trust (GBTC) has fallen below 6%. This is a spotlight from BlackRock Bitcoin It’s a significant reduction from the 43% discount observed in mid-June,…
Investment Company Ark Invest Continues to Sell Grayscale Bitcoin Trust (GBTC) Shares
Bitcoin (BTC) While it was around $43,000, Cathie Wood’s ARK Investment Management LLC (ARK) Grayscale Bitcoin Trust (GBTC) continued its trend of divesting shares, reducing its assets by $28 million.…
Footsteps of the Rally! Record Entry into Bitcoin Funds
Last week saw record inflows into two prominent funds designed to invest in Bitcoin BTC without direct ownership. Accordingly, BITO and GBTC experienced an increase in transaction volumes. Additionally, BITO…
GBTC Will Actually Depress Bitcoin Price!
Bitcoin has once again surpassed the $30,000 mark. This incident received mixed reactions from market analysts. Among them, famous commentator and gold bug Peter Schiff recently expressed his doubts about…
Full Confidence in Grayscale’s Bitcoin ETF Approval: GBTC Discount at the Lowest in the Last 2 Years!
The discount rate of the GBTC fund of the cryptocurrency-focused investment company Grayscale fell to the lowest level in the last 2 years after the SEC did not object to…
Blackrock Move and Bitcoin Rise Grayscale Fund Helps GBTC: Massive Increase!
The volume and price of the GBTC fund owned by crypto investment firm Grayscale surged after the world’s largest investment firm BlackRock’s spot Bitcoin (BTC) ETF application. grayscale To Grayscale…
GBTC Stocks Jump With Bitcoin ETF Prospects!
The price of the Grayscale Bitcoin Trust (GBTC) rose significantly with growing optimism about the fund’s potential to become an exchange-traded fund (ETF). Here are the details… Bitcoin ETF news…
Digital Asset Manager Interested in Grayscale BTC Trust (GBTC)
Valkryie, one of the largest digital asset management companies in the crypto money industry, announced that it is closely interested in the Grayscale Bitcoin Trust (GBTC) fund, which has not…
How Grayscale’s GBTC Step Affects Bitcoin (BTC) Price: Rise or Fall?
grayscale, Bitcoin Trust (GBTC) Although determined to convert it to an ETF, the firm’s CEO said they may explore other options to return some of GBTC’s capital to shareholders. But…
Return Plan from Grayscale to GBTC Investors: SEC Decision Will Be Decisive!
Investment firm Grayscale is considering returning some of the capital belonging to the Grayscale Bitcoin Trust (GBTC) if its spot Bitcoin (BTC) ETF application is not approved by the US…