Category: grayscale bitcoin trust
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Report: Genesis Global Cleared to Unload $1.3 Billion in GBTC Shares
Bitcoin Market Dynamics Amidst GBTC Outflows: Analysts Differ On Future Trends
In the past week, Bitcoin faced notable shifts in market dynamics, marked by $2.2 billion in outflows from the Grayscale Bitcoin Trust (GBTC). During this period, the average holding time of transacted Bitcoin hit a record high. Bitcoin’s average holding time of transacted coins reached a record high this week amid $2.2B GBTC outflows.🔗https://t.co/1N4oOlUnxu pic.twitter.com/fmUFwtI38I — IntoTheBlock (@intotheblock) January 20, 2024 Grayscale, a major player in the crypto investment landscape, currently holds 566,973 BTC ($23.21 billion). This represents a decrease of approximately 52,227 BTC ($2.14 billion) since the approval of the Bitcoin Exchange-Traded Fund (ETF). Other key entities holding Bitcoin
The post Bitcoin Market Dynamics Amidst GBTC Outflows: Analysts Differ On Future Trends appeared first on The Merkle News.
Crypto exchange FTX gets nod to sell $873M of assets to repay creditors
Nearly $700 million of the $873 million trust assets allowed to be sold by FTX comes from Grayscale’s flagship product, the Grayscale Bitcoin Trust, or GBTC.
SEC reportedly wont appeal court decision on Grayscale Bitcoin ETF
If true, the SEC will need to review and make a decision on Grayscale’s spot Bitcoin ETF application. If denied, Grayscale could appeal the decision.
Bitcoin ETFs have 75% chance of approval this year: Bloomberg analysts
Bloomberg ETF analysts raised their odds for a spot Bitcoin ETF approval after the recent Grayscale victory against the SEC.
SEC’s first deadlines to approve 7 Bitcoin ETFs coming over the next week
Analysts say the best-case scenario is the SEC approves the batch of spot Bitcoin ETFs but it may also exercise its right to an appeal.
Grayscale Bitcoin Trust nears 2023 highs on BlackRock ETF filing as buyers step up
Institutional buying interest in GBTC accompanies hopes that BlackRock will secure the first U.S. Bitcoin spot ETF.
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SOL price risks 20% drop despite Grayscale Solana Trust’s retail debut
The latest Solana rally has had it return to the resistance range that prompted 25-40% price pullbacks multiple times this year.
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Fir Tree fund sues Grayscale in effort to force changes to Bitcoin Trust
The New York-based hedge funds want Grayscale to cough up information about its flagship Bitcoin trust which it believes could reveal potential mismanagement.
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