Fresh off a pivotal win in court, Grayscale Investments LLC is gearing up for another challenge: the relentless fee competition in the $7.5 trillion US exchange-traded industry.
Grayscale News
The cryptocurrency market appears to be undervaluing the bullish potential of U.S. spot Bitcoin ETFs, according to multiple reports from crypto research firms.
The financial landscape is on the brink of a monumental shift as Bernstein, a leading global asset management firm, releases a comprehensive report outlining the future of cryptocurrency Exchange-Traded Funds (ETFs).
In a startling turn of events, Bitcoin (BTC), the world’s leading cryptocurrency, has slid under the $26,000 mark, erasing all gains made earlier in the week.
Despite Grayscale’s victory, it is unlikely to prevent Bitcoin from ending August with negative monthly returns, analysts said. BTC was above $29,000 earlier this month and is currently hovering above $27,000.
According to Bloomberg Intelligence data, the U.S. Securities and Exchange Commission (SEC) needs to reach a conclusion on the Bitwise Bitcoin ETP trust by September 1, and regulators can refuse, approve or delay.
According to a report by the encryption service provider Matrixport, the US Securities and Exchange Commission (SEC) is likely to approve several Bitcoin spot ETFs in succession, which will trigger the next rise of Bitcoin.
Grayscale Chief Legal Officer Craig Salm issued an open letter saying that the Grayscale legal team submitted a comment letter to GBTC’s pending 19b-4 application and seven other spot Bitcoin ETF filings, including the new-proposed supervision sharing agreement (SSA ), which is to illustrate why the SEC should approve all spot Bitcoin ETF applications.
According to the latest quarterly ETF report released by ARK, GBTC was one of the main contributors to the second-quarter success of its ARK Next Generation Internet exchange-traded fund (ARKW).
Fir Tree Capital Management and crypto asset manager Grayscale Investments have reached an agreement to resolve a lawsuit filed by Fir Tree against Grayscale last year.
According to a June report published by ARK Invest, the supply of Bitcoin that has not been affected for at least a year has reached an all-time high.
In a major development for the cryptocurrency market, BlackRock, the world’s largest asset manager, filed last week for a bitcoin spot exchange-traded fund (ETF).
Prospects for ETH futures ETF approvals look bleak due to the current regulatory environment, including prominent Twitter cryptocurrency KOL AP_Abacus, it has been revealed.
Digital asset manager Grayscale Investments has extended the review period for the distribution of ETHPoW tokens to shareholders for its Grayscale Ethereum Trust (OTCQX:ETHE) and Grayscale Digital Large Cap Fund (OTCQX:GDLC) products.
Gemini co-founder Cameron Winklevoss has published an open letter to Digital Currency Group (DCG) CEO Barry Silbert, calling on him to resolve liquidity issues that have plagued the cryptocurrency exchange.
On December 8, Genesis, a crypto trading and lending agency, issued an email to customers stating that it will take more time to resolve liquidity issues, and that resuming withdrawals may still take weeks rather than days.
The price discount of Grayscale Bitcoin Trust (GBTC), the world’s largest bitcoin fund, to the price of bitcoin hit a record high of nearly 50%.
Standard Chartered’s annual surprise list says cryptocurrency prices could plummet, with bitcoin dropping to $5,000 by 2023.
Tom Lee, director of research at Fundstrat, said in a recent interview that he remains bullish on Bitcoin and sees the asset as an appropriate investment vehicle for some investors.
Bernstein said in a research report that the suspension of withdrawals by Genesis Global Capital does not directly affect the Grayscale Bitcoin Trust (GBTC). Propose compensation.
According to a new poll commissioned by crypto asset manager Grayscale.
In a report titled DeFi’s Battle of Stablecoins, DappRadar emphasized that Ethereum’s impending merger is one of the most anticipated events in the crypto industry.