In a few weeks, the new Bitcoin spot ETFs have accumulated over 150,000 BTC of assets, marking a turning point in relation to Grayscale.
Bitcoin Spot ETFs have recorded net inflows of $759.4 million since their launch on January 10, despite outflows of $5 billion from the Grayscale Bitcoin Trust (GBTC).
It seems that the bearish pressure related to the GBTC ETF is fading a bit. Do we foresee the end of the tunnel for bitcoin?
Bitcoin is at the heart of a bold financial maneuver: Grayscale has once again injected millions of dollars in BTC into Coinbase. This strategic action, much more than a mere masterstroke on the financial chessboard, sends a powerful signal to investors. A Tsunami in the Crypto Sphere Grayscale…
Bitcoin falls despite the launch of ETFs. Blame it on the outflows from Grayscale's ETF that could still last 40 days...
"Grayscale is making waves by transferring $623 million worth of Bitcoin, while FTX is shaking the market with 1 billion GBTC liquidated."
By surpassing money, Bitcoin establishes itself as the second largest American ETF!
Grayscale has transferred thousands of bitcoins worth hundreds of millions of dollars to Coinbase addresses.
So far, the wallet of Bitcoin's father is the richest of all. Celebrities, governments, companies, or cryptocurrency exchanges of all kinds have not been able to dethrone him in the ranking of wealthy Bitcoin holders. Details!
In a notable interview on CNBC, Michael Sonnenshein, the CEO of Grayscale Investments, makes a bold prediction: the upcoming approval of Bitcoin Spot ETFs could, in his view, open the way to a $30 trillion crypto market.
The moment of truth is approaching. Will the SEC soon approve Spot Bitcoin ETF applications? Or will it go as far as to postpone its decision? Recently, issuers of similar requests have been increasing meetings with officials from this U.S. financial regulatory body. Gary Gensler and his team must be under pressure.
While the cryptocurrency market eagerly awaits the approval of a Bitcoin Spot ETF by the SEC, Grayscale Investments seems to be on the right track to achieve the holy grail. Its meeting with US regulators yesterday brings the digital asset manager closer to its goal.
The ever-changing crypto arena recently witnessed a major victory for Grayscale, marking a significant rout for the SEC. At the heart of this event, two giants of the cryptosphere, Ripple and Coinbase, scan the horizon with renewed confidence.
September 1ᵉʳ is the deadline given to the U.S. Securities and Exchange Commission (SEC) to rule on Bitcoin ETF applications. This is the date by which Bitwise will know whether its ETF will win SEC approval. Five other applicants will receive a response from the regulator the following day, while one will have to wait until September 04.
While the SEC is waging an anti-crypto war, the US regulator has just suffered a setback against Grayscale regarding the Bitcoin ETF. The federal court ruled today in favor of Grayscale's petition for review. In setting aside the SEC's order, the court ruled in favor of the American investment giant. This decision could pave the way for approval of the Bitcoin ETF.