GBTC

According to provisional data from Farside Investors, Fidelity’s spot Bitcoin exchange-traded fund (ETF), FBTC, attracted a staggering $208 million in daily inflows on Jan. 29. This marks a significant achievement for the fund as it surpassed the outflows from the Grayscale Bitcoin Trust (GBTC) for the first time since its launch. In contrast, GBTC experienced […]

Bitcoin price has fallen since Bitcoin ETFs were approved. This week, we assess the claims behind fear, uncertainty, and doubt (FUD), pointing to the Grayscale Bitcoin ETF. We analyze aggregate ETF flows while considering the increased holdings by BTC whales and underreported factors possibly dragging the market. Since the launch of spot ETFs, market observers […]

BlackRock’s iShares Bitcoin ETF (IBIT) has become the first of the recently launched spot Bitcoin ETFs to reach an impressive $2 billion in assets under management (AUM) in just 10 days of trading, as reported by Bloomberg Terminal data. BlackRock currently holds approximately 50,000 BTC through its ETF, making it one of the major holders […]

FTX, the now-defunct crypto exchange, has reportedly offloaded nearly $1 billion of shares in Grayscale’s Bitcoin Trust (GBTC). According to CoinDesk, which cited “private data” and anonymous sources, FTX aimed to liquidate its holdings to aid in reimbursing its creditors, having disposed of all 22 million shares it held in the GBTC fund.  The report […]

The U.S. Securities and Exchange Commission (SEC) has finally given the green light for the first spot on bitcoin ETFs, an event many within the crypto industry have long hoped would occur. However, according to JPMorgan, multinational financial services, the market reaction has been subdued as investors are better aware of inflows going into these new […]

Grayscale Investments, the world’s largest crypto asset manager, has added AVAX and XRP to its Digital Large Cap Fund while dropping Polygon’s MATIC as a part of updating weightings for its different digital asset funds. According to an announcement on Jan. 5, the new allocations are part of Grayscale’s quarterly review and impact its DeFi […]

The U.S. Securities and Exchange Commission (SEC) is gearing up for a pivotal decision on Ark Investment’s application for a spot bitcoin (BTC) exchange-traded fund (ETF), with a deadline set for January 10, 2024. Ark Investment, a prominent Florida-based asset management firm, recently updated its S-1 filings with the SEC on December 2, 2023, as […]

Crypto asset manager Grayscale held a meeting with the Securities and Exchange Commission (SEC) regarding the conversion of its flagship fund – the Grayscale Bitcoin Trust (GBTC) – into a spot Bitcoin exchange-traded fund (ETF). A Nov. 20 SEC memo disclosed Grayscale CEO Michael Sonnenshein, ETF head Dave LaValle, legal chief Craig Salm, and four […]

Bitcoin, the large­st cryptocurrency in the world based on marke­t capitalization, has attracted significant intere­st from financial institutions. These institutions are now pre­paring to introduce exchange-trade­d funds (ETFs) that track and reflect its value. ETF analyst James Se­yffart tweeted se­veral significant dates regarding the­ race for approval. These include­ deadlines for ARK 21Shares Bitcoin ETF, […]