Grayscale's Bitcoin Trust (GBTC) experienced substantial outflows, notably transferring significant BTC amounts to Coinbase Prime, impacting Bitcoin's market dynamics. These movements, part of the ETF conversion, reflect a complex interplay between institutional decisions and cryptocurrency valuations.
JoyBitcoin struggled to maintain $40,000 amid Grayscale's $700 million outflows. Challenges arose from GBTC's transition to a spot Bitcoin ETF, triggering significant BTC sales. Despite concerns, the market showed resilience, with uncertain future trajectories and growing interest at lower price levels.
Bernicethe SEC delays its decision on Grayscale's Ethereum spot ETF conversion. With implications for stakeholders and the broader market, this decision marks a crucial juncture in the integration of digital assets into traditional financial structures.
MiyukiWhile the digital asset market saw significant net inflows, Grayscale and Purpose Bitcoin ETF experienced notable outflows, creating a divergence from the overall trend.
Cheng YuanSEC delays decision on Grayscale's Ethereum Trust to Jan. 25, 2024, citing the need for thorough review and addressing concerns, impacting broader cryptocurrency ETF landscape.
Huang BoThe SEC has prolonged its scrutiny of Grayscale's Ethereum Futures Trust, a decision poised to influence the trajectory of cryptocurrency Exchange-Traded Funds (ETFs) in the US.
CatherineCrypto asset manager Valkyrie Investments says it is interested in sponsoring and managing Grayscale's publicly traded Bitcoin (BTC) fund.
dailyhodlDigital investment firm Grayscale has also declined to share proof of reserves, citing security concerns.
OthersAfter reducing its holdings of LTC and BCH, Grayscale’s GDLC fund now includes Solana and Uniswap, accounting for 3.24% and 1.06% respectively.
CointelegraphThe discount brokerage has seen a sharp decline in crypto-related revenue over the past 12 months as retail investors exited the market.
Cointelegraph