Grayscale
Grayscale Seeks to Add Staking for its Proposed Spot Ethereum ETF
Grayscale Investments, the world’s largest crypto asset manager, is seeking to introduce staking to its proposed spot Ethereum (ETH) exchange-traded fund (ETF), according to a preliminary proxy statement filed on March 19. This move mirrors efforts by other firms, like Fidelity, which amended its spot ETH ETF application on March 18 to include staking services. […]
Grayscale’s GBTC Sees $643M Outflow in a Day as Bitcoin Price Drops Below $65K
According to data compiled by BitMEX research, Grayscale’s spot Bitcoin (BTC) exchange-traded fund (ETF), GBTC, experienced a net outflow of approximately $643 million on March 18 as Bitcoin price continues to drop. This marked the biggest single-day loss since Grayscale converted its trust to a spot Bitcoin ETF on January 11. Concurrently, Fidelity’s Bitcoin ETF—the […]
Grayscale’s Bitcoin Holdings Witnesses 33% Drop Since ETF Conversion
Grayscale, the world’s largest crypto asset manager, has witnessed a significant decline in its Bitcoin (BTC) holdings since converting its Grayscale Bitcoin Trust (GBTC) into an exchange-traded fund (ETF) in mid-January. According to BitMEX Research data shared on Tuesday, GBTC saw its 36th day of straight outflows on March 4, with 5,450 BTC or $368 […]
Grayscale’s Spot Bitcoin ETF Sees Record Low Outflows of $22M
On Feb. 26, Grayscale’s spot Bitcoin (BTC) exchange-traded fund (ETF) experienced its third consecutive trading day of declining net outflows, reaching a record low of $22.4 million. According to data from Farside Investor, GBTC had three back-to-back days of slowing net outflows on Feb. 22, 23, and 26. The week concluded on Feb. 23 with […]
Fidelity’s Spot Bitcoin ETF $208M Inflow Outpaces Grayscale Outflows
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 […]
FTX Sold About $1B of Grayscale Spot Bitcoin ETF Shares: Report
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 […]
Grayscale Adds AVAX And XRP To Large Cap Fund, Drops MATIC
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 […]
SEC Delays Decision On Ethereum ETFs, Invites Public Insight
The United States Securities and Exchange Commission (SEC) has postponed its decisions on several proposed Ethereum-focused exchange-traded funds (ETFs). The SEC said on Monday it was “instituting proceedings” for the Grayscale Ethereum Futures Trust and the Hashdex Nasdaq Ethereum ETF. The regulator has called for comments regarding these ETFs to gauge public sentiment and acquire […]
Ethereum ETF Decision Deferred: SEC Extends Evaluation to 2024
The United States Securities and Exchange Commission (SEC) has delayed its verdict on the proposed Grayscale Ethereum Trust exchange-traded fund (ETF). This move, announced on December 5, grants the SEC additional time to assess a rule change allowing NYSE Arca to list and trade the Grayscale Ethereum Trust shares. They have set a new deadline […]