Search results for: Grayscale SEC

Can Bitcoin Miners Lead the AI Revolution?

Research firm Bernstein has presented a compelling case for Bitcoin mining firms to transition into building AI data centers. These mining companies could derive up to a third of their future enterprise value from the AI sector. The report anticipates that 30%-35% of their 2025 estimated enterprise value (EV) will come from the AI vertical, […]

Bitwise Launches Ethereum ETF Ad Campaign

The promotional gears for cryptocurrency ETFs are turning faster with Bitwise’s launch of a national TV advertisement emphasizing the advantages of the Ethereum network. The ad, which aired on Thursday, contrasts the traditional stock market’s limited hours to Ethereum’s continuous availability, encapsulating the message: “Unlike Big Finance, Ethereum doesn’t clock out at 4pm.” This 40-second […]

Turbulence in U.S. Bitcoin ETF Markets Amid Price Fluctuations

The U.S. spot Bitcoin ETFs have experienced significant net outflows, totaling nearly $300 million in just the past two days. This financial movement coincides with Bitcoin’s price fluctuations, as it recently rebounded to $65,000 after a brief dip. According to SoSovalue, a data analytics platform, the outflows in the last two days reached $298 million. […]

Coolpad Ventures into Bitcoin Mining with $13.5 Million Investment

Coolpad Group, a prominent Chinese telecommunications provider based in Shenzhen and listed on the Hong Kong Stock Exchange, has announced a significant investment in Bitcoin mining. According to a recent filing, the company has allocated approximately $13.5 million for the purchase of Bitcoin mining rigs, marking a substantial pivot towards cryptocurrency within its business model. […]

Bitcoin ETFs See Major Outflows Amid Market Volatility

U.S.-listed bitcoin (BTC) exchange-traded funds (ETFs) experienced significant net outflows on Thursday, marking the third consecutive day of withdrawals this week. This trend is reminiscent of the substantial outflows witnessed at the end of April. Preliminary data from SoSoValue indicates that Fidelity’s FBTC recorded the highest outflow, with $106 million withdrawn. Grayscale’s GBTC saw $62 […]

U.S. Spot Bitcoin ETFs Experience Record Outflows

On June 11, U.S. spot Bitcoin ETFs witnessed a dramatic $200 million in net outflows, marking the most significant single-day loss since May 1, when outflows reached $564 million. This sharp decline in investor interest primarily affected the Grayscale Bitcoin Trust (GBTC), which saw the highest net outflows of $121 million, and the Ark Invest […]

Spot Bitcoin ETFs Experience Sudden Outflows

June 10 marked a significant shift in the investment landscape for U.S. spot Bitcoin ETFs, which recorded net outflows of $65 million, ending a 19-day streak of consistent inflows. According to data from Farside Investors, this reversal is notable as the last instance of net outflows occurred nearly a month prior, on May 10, with […]

Franklin Templeton Sets Low Fee for Ether ETF

Franklin Templeton has taken a groundbreaking step in the competitive landscape of cryptocurrency funds by announcing an incredibly low management fee for its upcoming Ether spot ETF. This move is set to shake up the Ether ETF market significantly. In a recent S-1 filing with the Securities and Exchange Commission (SEC), Franklin disclosed that the […]