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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.đhttps://t.co/1N4oOlUnxu pic.twitter.com/fmUFwtI38I … Read more
Meetings between asset managers and the SEC intensified over the previous weeks, with Gary Gensler’s team meeting with BlackRock and Hashdex representatives. Go to Source
The SEC chair could be softening his stance on Bitcoin ETFs following the Grayscale court victory, but if so, he hasnât admitted it outright. Go to Source
The commission said it will have until January 2024 to reach a decision on the spot Ethereum investment vehicle, or institute proceedings to extend the deadline again. Go to Source
This move seeks to better synchronize GBTCâs shares with the real Bitcoin price and introduce a streamlined mechanism for investors to create or redeem shares effortlessly. Go to Source
After selling nearly 700,000 GBTC shares over the past month, ARKâs Next Generation Internet ETF still holds 4.3 million GBTC shares worth $131.8 million. Go to Source
Grayscale executives and lawyers met with the SEC to discuss a rule change to list the Grayscale Bitcoin Trust (GBTC). Go to Source
The latest Cointelegraph Report explains everything you need to know about a potential spot Bitcoin ETF approval in the U.S., its impact on the market, and its significance for the crypto industry. Go to Source
Earlier in the day, BlackRock registered corporate entity âiShares Ethereum Trustâ in Delaware, the first hint that a filing for a spot Ethereum ETF filing was imminent. Go to Source
The $744 million trust asset sale request comes after the judge approved the phased-out sale of nearly $3.4 billion in crypto assets a couple of months ago. Go to Source