Grayscale CEO Michael Sonnenshein steps down
The CEO will be replaced by Goldman Sachs executive Peter Mintzberg effective Aug. 15. Go to Source
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Spot Ether ETFs will come down to a 5-person vote: Gensler the decider?
It was speculated that Gensler’s vote secured the launch of spot Bitcoin ETFs in January — and the same five commissioners are set to vote on Ether ETFs this week. Go to Source
Ethereum price rallies above $3.1K after unexpected regulatory victory
ETH price hit $3,100, backed by a favorable court ruling and increased network activity. Go to Source
Bitcoin Faces Resistance At $65K Amid Surge To $63K
Bitcoin has surged back to the $63,000 mark today, yet the largest cryptocurrency continues to face resistance as it attempts to climb higher. A key factor contributing to this struggle is the significant number of Bitcoin holders who purchased their assets between the current price and approximately $65,000. You may have noticed Bitcoin facing repeated … Read more
Persistent Discount Plagues Grayscale’s Ethereum Trust as ETF Decision Nears
As May approaches its end, a significant number of market watchers are keen to find out whether the U.S. Securities and Exchange Commission (SEC) will approve a spot ethereum exchange-traded fund (ETF). Although Grayscale retracted its plan to convert its Ethereum Trust into a publicly traded ETF, the fund’s discount to net asset value (NAV) … Read more
State of Wisconsin reports $164M investments in spot Bitcoin ETFs
The entity responsible for managing assets in the state’s pension system reported it held millions of shares of the BlackRock iShares Bitcoin Trust and Grayscale Bitcoin Trust. Go to Source
Crypto Biz: SEC targets Robinhood, Grayscale’s Ethereum ETFs, and more
This week’s Crypto Biz features Robinhood’s Wells notice, Grayscale’s Ether ETF application, Coincheck’s merger deal and Block’s billionaire debt offering. Go to Source
Grayscale Bitcoin ETF nullifies $66.9M inflows in 2 days
Grayscale’s Bitcoin ETF saw substantial investment outflows that surpassed the $66.9 million it had attracted just a few days earlier. Go to Source
Digital Currency Group revenue jumps 51% in 1Q24 despite GBTC outflows
Revenue at Digital Currency Group (DCG) increased 51% to $229 million in the first quarter of 2024, driven by the rebound in crypto markets. Go to Source
Grayscale Withdraws Ethereum ETF Proposal Amid Skepticism Over SEC Approval
Grayscale has retracted its application to list its ethereum trust, known as ETHE, as detailed in a filing with the U.S. Securities and Exchange Commission. James Seyffart, a Bloomberg analyst specializing in exchange-traded funds (ETF), expressed puzzlement over Grayscale’s decision to do so. Grayscale’s Strategic Ethereum Trust Retraction Filing Raises Questions Per a filing with … Read more