In a rather shocking development, Grayscale Bitcoin Trust (GBTC) has recorded its first-ever inflow after witnessing significant daily outflows since its launch. Grayscale Bitcoin ETF Records Over $60 Million In Inflows Grayscale’s Spot Bitcoin ETF has finally broken its 82-day streak of outflows since its launch on January 11, 2024. GBTC saw its first day […]
Grayscale’s Chief Executive Officer (CEO) Michael Sonnenshein recently revealed when his company will reduce fund fees for the Grayscale Bitcoin Trust (GBTC). His statement comes amid concerns about outflows from the fund, which have continued to overwhelm the Bitcoin ecosystem. GBTC Fees Will Drop When This Happens According to a Cointelegraph report, Sonnenshein mentioned during […]
Since its launch in January, Spot Bitcoin ETFs have been growing steadily, gaining widespread adoption amongst investors and traders. However, despite its surging popularity, Jim Bianco, President and Macro Strategist at Bianco Research, has expressed his beliefs that launching Spot Bitcoin ETFs was a “Giant mistake”. The renowned Wall Street professional has highlighted substantial shortcomings […]
This month’s spot Bitcoin ETF (Exchange Traded Fund) approval by the US Securities and Exchange Commission (SEC) marked a significant and historic moment for BTC and crypto adoption. The event opened new investment possibilities for firms and traditional investors, leading several asset managers worldwide to assess their possibilities for launching Bitcoin ETFs in their specific […]
Asset manager ProShares is looking to gain an advantage in the market, as suggested by its latest Bitcoin ETF filing with the Securities and Exchange Commission (SEC). This comes as its BTC futures ETF looks to have lost a significant number of investors to the recently launched Spot BTC ETFs. According to the filing, these […]
Ethereum insider Steven Nerayoff has once again hit Ethereum, but this time around, it is over the possibility of an ETH ETF being launched. After Bitcoin Spot ETFs gained approval from the United States Securities and Exchange Commission (SEC) on January 10, crypto enthusiasts are beginning to look to ETH as the next possible candidate […]
American Investment management company Vanguard Group is currently facing severe backlash after reportedly rejecting customers’ requests to access and trade Spot Bitcoin ETFs on the platform. Vanguard Experiences Mass Customer Exodus The recent approval of Spot Bitcoin ETFs on Wednesday, January 10, has set off a surge in trading activities among numerous investors. Consequently, investment […]
Bloomberg analyst James Seyffart recently shared his thoughts on whether or not an XRP ETF could launch this year. This comes following Valkyrie’s Chief Investment Officer (CIO), Steven McClurg’s comment that approval of the Spot Bitcoin ETFs could open the door for XRP ETF filings. Can An XRP ETF Launch This Year? During an interview […]
In a recent analysis, a pseudonymous crypto expert who goes by @itsALLrisky on X (formerly Twitter) presented a compelling case for Dogecoin’s sovereignty, asserting that the popular meme coin may thrive without the need for a Dogecoin ETF. Why Dogecoin Does Not Need An ETF The popular Dogecoin enthusiast recently took to X (formerly Twitter) […]
In a recent interview with CNBC, the Securities and Exchange Commission (SEC) Chair Gary Gensler mentioned that the Commission is taking a “new look” at the pending Spot Bitcoin ETF applications. His comment suggests that the SEC may be looking to do things the right way now despite any reservations Gensler or the Commission might […]
Bitcoin Spot ETF applicant, Hashdex has recently submitted a revised version of its ETF proposal. The news comes as the financial firm prepares for the US SEC’s final decision on Spot Bitcoin ETF applications in January 2024. Hashdex Amends Spot Bitcoin ETF Proposal Crypto asset management company, Hashdex has announced new updates on its Spot […]
Bloomberg Analyst James Seyffart recently confirmed that the asset manager BlackRock had met with the Securities Exchange and Commission (SEC). The analyst also provided insights as to what the meeting was about, as many continue to speculate that approval may be near. In a post on his X (formerly Twitter) platform, Seyffart confirmed that BlackRock […]