Bookmarking Crypto Insights
Auto Added by WPeMatico
Crypto asset manager Grayscale Investments believes that GBTC “has started to reach a little bit of an equilibrium,” says CEO Michael Sonnenshein, noting that some anticipated outflows from the firm’s spot bitcoin exchange-traded fund (ETF) are “largely behind us.” The crypto asset manager also expects GBTC’s fees to come down “as markets mature.” Grayscale’s CEO … Read more
According to the latest statistics, Grayscale’s Bitcoin Trust (GBTC) experienced its most significant outflow on March 18, 2024, totaling $643 million. Onchain experts have closely observed GBTC’s activities as a considerable number of bitcoin have been moved out of the trust’s reserves. Record-Breaking Outflow Hits Grayscale Bitcoin Trust Grayscale has continued to face outflows, marking … Read more
Many prominent crypto commentators are concerned that this will make crypto firms even more reluctant to do business in the United States. Go to Source
Grayscale CEO Michael Sonnenshein emphasized the need for a balanced regulatory approach to cryptocurrency to avoid hindering innovation in the United States. Go to Source
BlackRock’s commitment to advancing its crypto efforts only lends to the validity of Bitcoin as an asset class, said Michael Sonnenshein. Go to Source Powered by WPeMatico
Grayscale Investments’ boss, Michael Sonnenshein, said that if GBTC got the green light to “convert” to a spot BTC ETF there would “no longer” be a discount or a premium, amid ongoing legal action against the SEC. Go to Source Powered by WPeMatico
Grayscale previously anticipated being able to voice their arguments in the second quarter of the year, calling the recent motion “welcome news.” Go to Source Powered by WPeMatico
Grayscale’s chief was the latest to take a swing at the authority for its so-called “regulation by enforcement” actions. Go to Source Powered by WPeMatico
On October 6, Grayscale Investments announced a new venture that gives accredited investors the opportunity to invest in the mining infrastructure that powers the digital asset ecosystem. According to the announcement, the co-investment vehicle is called Grayscale Digital Infrastructure Opportunities (GDIO), and the crypto mining firm Foundry will handle the new product’s operations. GDIO is … Read more
On May 6, the financial services company Robinhood announced the firm has listed Grayscale’s Bitcoin Trust (GBTC) and Ethereum Trust (ETHE). Robinhood customers can now gain access the crypto investment products in order to get exposure to bitcoin or ethereum without actually owning the digital currencies. In Addition to Cryptos, Robinhood Adds Grayscale’s GBTC and … Read more
