Category: Fiat

Grayscale’s ETF Sees Lowest Bitcoin Withdrawals

Grayscale Bitcoin Trust, now operating as a spot Bitcoin ETF, reported its lowest daily withdrawal level on Wednesday since its transition in January. This marked decrease to just $17.5 million worth of BTC sold, compared to the high rates of over $150 million in the preceding days, has ignited optimism among investors and observers. The […]

Grayscale Navigates GBTC Outflows: Towards Equilibrium

In the wake of the debut of U.S. spot Bitcoin Exchange-Traded Funds (ETFs) in January, Grayscale’s Bitcoin Trust (GBTC) has been caught in a whirlwind of billion-dollar outflows. However, Grayscale CEO Michael Sonnenshein remains optimistic, stating that these outflows are nearing an “equilibrium,” a balanced state where the massive exits of investment might taper off. […]

Hong Kong Eyes Spot Bitcoin ETFs

The Hong Kong subsidiaries of leading China-based asset management firms, including Harvest Fund and Southern Fund, are taking bold steps towards introducing spot bitcoin exchange-traded funds (ETFs) in the administrative region. This initiative represents a notable pivot in the crypto investment landscape, particularly given the stringent restrictions on cryptocurrency trading and mining that prevail in […]

Surge in Crypto Fund Inflows Hits New High

In a remarkable week for cryptocurrency investment, funds under the stewardship of leading asset managers like BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares have witnessed an impressive influx of $646 million globally, as detailed in the latest report by CoinShares. This financial injection comes on the heels of an already substantial $862 million inflow from […]

Grayscale’s ETF: A Rough Patch?

Grayscale’s Bitcoin spot ETF fund is experiencing turbulent times, with investors rapidly withdrawing their stakes amidst a flurry of activity towards competing funds. Since its shift to a spot Bitcoin ETF in January, the fund has seen an unprecedented outflow, surpassing $15 billion to date, marking the largest withdrawal any ETF has faced since March […]

Franklin Templeton Dives Into Bitcoin Ordinals

Bitcoin Ordinals have emerged as a groundbreaking innovation within the realm of digital collectibles, capturing the imagination of the crypto community and beyond. Recently, their prominence and potential have attracted the attention of financial heavyweight Franklin Templeton. The firm’s digital assets division spotlighted the ascent of Ordinal inscriptions in its latest prospectus, marking a significant […]

SEC Reviews Ethereum ETF Proposals

The U.S. Securities and Exchange Commission (SEC) is taking a significant step forward in the world of cryptocurrency investments by opening up a comment period for three proposed Ethereum exchange-traded funds (ETFs). This move represents a crucial phase in the regulatory journey for Ethereum ETFs, a development eagerly awaited by investors and the crypto community […]

The ETF Battle: BlackRock vs. Grayscale

The competition between Grayscale and BlackRock over Bitcoin spot exchange-traded funds (ETFs) illuminates the rapidly evolving landscape. Grayscale, once the unchallenged leader with its Grayscale Bitcoin Trust (GBTC), faces a formidable challenge from BlackRock’s iShares Bitcoin Trust (IBIT), signalling a pivotal shift in investor preferences and strategies. Grayscale’s initial advantage—a product that operated much like […]