Vice President of Marketing at Grayscale: How does Grayscale market GBTC?
GBTC is different from other Bitcoin ETFs because it existed as a Bitcoin investment fund before it became an ETF.
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GBTC is different from other Bitcoin ETFs because it existed as a Bitcoin investment fund before it became an ETF.
BlackRock's IBIT surpasses Grayscale's GBTC in daily trading volumes, reshaping the Bitcoin ETF market dynamics. Despite GBTC outflows and higher fees, total market inflows exceed $1 billion, influencing Bitcoin's recovery below $40,000.
Grayscale's Bitcoin ETF sees a slowdown in outflows, with $15 million net sales on Friday. Concerns over GBTC's 1.5% high fee may drive investors toward lower-fee alternatives as Bitcoin ETF hype normalizes.
While Grayscale's strategic move and the ETF sector's growth are noteworthy, the SEC's role in the approval process raises questions about transparency and decision-making. Investors should monitor developments closely in this dynamic landscape.
In a series of recent meetings, the SEC engaged with key industry players, including Grayscale and BlackRock, discussing proposed spot Bitcoin ETFs. While detailed talks centered around rule changes and transaction models, the SEC has yet to announce approval for any spot Bitcoin ETF, maintaining a cautious stance.
The case is expected to drag on into the second half of 2023 but Grayscale has come forward to reveal its plans if the court were to side with the SEC.
In response to the U.S. Securities and Exchange Commission's denial of a request to convert its Bitcoin trust into an ...
The U.S. Securities and Exchange Commission (SEC) will announce its decision on the Bitcoin-linked spot Exchanged Traded Funds (ETFs) proposals ...
Grayscale announced its first European ETF, listing on the London Stock Exchange, Borsa Italiana and Deutsche Börse Xetra.
A letter to the U.S. SEC secretary outlines its differences in rejecting bitcoin spot ETFs and accepting bitcoin futures ETFs.