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After four days of consecutive inflows, the U.S. spot bitcoin exchange-traded funds (ETFs) experienced a downturn, with $85.7 million flowing out during Monday’s trading hours. U.S. Spot Bitcoin ETFs’ Momentum Halted With $85.7M in Outflows, Spotlight on GBTC Between March 25 and March 28, 2024, the U.S. spot bitcoin ETFs enjoyed an upward trend, amassing … Read more
Amidst a vibrant resurgence in bitcoin’s value, a comprehensive analysis by Grayscale and researcher Michael Zhao sheds light on the anatomy of the current bitcoin market cycle. The study explores whether we are entrenched in a bull run, detailing the driving factors and possible implications going forward. In the Fifth Inning: Measuring Bitcoin’s Current Market … Read more
As the bitcoin market continues to exhibit signs of consolidation following a dynamic start to the year, industry observers are closely monitoring key indicators to gauge the cryptocurrency’s future trajectory. Despite hovering near its all-time highs, bitcoin has struggled to maintain crucial support levels in recent trading sessions. Renowned analyst Ali Martinez recently highlighted a … Read more
According to the latest statistics, Grayscale’s Bitcoin Trust (GBTC) experienced its most significant outflow on March 18, 2024, totaling $643 million. Onchain experts have closely observed GBTC’s activities as a considerable number of bitcoin have been moved out of the trust’s reserves. Record-Breaking Outflow Hits Grayscale Bitcoin Trust Grayscale has continued to face outflows, marking … Read more
Bitcoin surged to yet another all-time high, reaching $72,764, signaling a robust bull market. Notably, a significant influx of dormant coins is re-entering circulation, reinforcing the bullish sentiment. Despite the remarkable price performance, discussions surrounding Bitcoin remain relatively subdued, suggesting potential for further price gains. 🥳📈 #Bitcoin has hit another #AllTimeHigh of $72,764. Massive dormant … Read more
Grayscale has revealed the submission of an S-1 form to the U.S. Securities and Exchange Commission (SEC) for the launch of a new, smaller version of its popular Grayscale Bitcoin Trust (GBTC). This initiative is designed to provide shareholders with exposure to bitcoin, reduced fees and potential tax benefits. Grayscale Unveils Bitcoin Mini Trust With … Read more
Grayscale Research’s latest report explains that Ethereum is poised to take advantage of several tailwinds with its upcoming Dencun upgrade. Grayscale analyst Will Ogden states that, while Ethereum is facing increased competition from other chains like Solana, Dencun’s modularity focus will help it “come of age,” lowering transaction fees for rollups and opening the doors … Read more
Coinbase has answered the SEC request for comments on the proposed rule change to list the ETH Grayscale Fund as a spot ETF. Coinbase stated that ether was a commodity, and its status has been publicly recognized in a variety of circumstances by U.S. agencies and courts. Coinbase Supports Ethereum Grayscale Fund Conversion as a … Read more
According to a recent Form N-1A, Grayscale has approached the U.S. Securities and Exchange Commission (SEC) with a proposal for a unique exchange-traded fund (ETF) dedicated to the privacy and cybersecurity realm. The Grayscale Privacy ETF aims to be the first to encapsulate the burgeoning sector of privacy technology and cybersecurity. Privacy Takes Center Stage … Read more
Robert Kiyosaki predicted the downfall of the American empire, likening its fate to that of the Roman Empire, and advised investing in bitcoin, gold, and silver as a safeguard. Conversely, economist Peter Schiff described the recent bitcoin price surge as a “pump-and-dump” scheme. A Grayscale study on the upcoming Bitcoin halving in 2024 highlights a … Read more
