Search results for: Grayscale SEC

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 […]

Bitcoin ETFs Regain Investor Favor

Bitcoin exchange-traded funds (ETFs) are witnessing a notable surge in investments. For three consecutive days, inflows have exceeded the $100 million mark, marking a renewed investor confidence in these innovative financial products. According to data from BitMEX Research, this week saw a dramatic increase in capital inflow into Bitcoin ETFs, culminating in a remarkable $183 […]

Ethereum ETF Race Heats Up

Bitwise has officially thrown its hat into the ring with the Securities and Exchange Commission (SEC) to launch a spot Ethereum ETF, marking a significant step towards broadening access to Ethereum for traditional investors. This move positions Bitwise amidst a competitive landscape alongside financial titans like BlackRock, Grayscale, and VanEck, all of whom share the […]

Crypto Funds See Record Outflows

In a surprising turn of events, the crypto market witnessed a significant withdrawal of funds last week, marking a dramatic pause to the bullish momentum that had characterized the weeks prior. According to a new report from CoinShares, a notable $942 million was pulled from crypto investment products, a move attributed to growing hesitancy among […]

Crypto’s Highs and Lows: A Volatile Week

Bitcoin’s journey through the financial markets has been nothing short of a rollercoaster, particularly noticeable in the past few weeks. After soaring to a new all-time high just ten days ago, the premier cryptocurrency now finds itself grappling with a significant resistance level—the $69,000 peak set back in November 2021. The question on everyone’s mind […]

BlackRock’s Bold Move: Launching ‘BUIDL’ Fund

BlackRock, the global investment powerhouse, has finally disclosed its much-anticipated venture into the world of tokenized assets. Named ‘BUIDL’, this groundbreaking fund is to be anchored on the Ethereum network, marking the firm’s inaugural foray into tokenized funds on a public blockchain. This move not only underscores the growing integration of traditional finance with blockchain […]

El Salvador’s Bitcoin Treasury Is Bigger Than Expected (and Growing)

El Salvador’s President Nayib Bukele took to social media to showcase a “big chunk” of the country’s Bitcoin treasury. A screenshot revealed a staggering 5,689 Bitcoin tucked away in a cold wallet, translating to roughly $406 million at the time. This hefty sum implies a Bitcoin price hovering around $71,463 when the funds were transferred […]

Dimming Hopes for May Ethereum ETF Approval

Analysts from Bloomberg have notably adjusted their expectations, reducing the probability of a spot Ethereum ETF being greenlit by May to just 30%. This adjustment reflects a considerable shift from earlier optimistic projections, underscoring the intricate dance between regulatory processes and market anticipation. At the outset of the year, Bloomberg Senior ETF Analyst Eric Balchunas […]