Bitcoin price holds $17K into Fed Powell speech as GBTC jumps to multi-month highs
Bitcoin, crypto and risk asset traders await dovish signals from Fed Chair Jerome Powell ahead of fresh CPI data later in the week. Go to Source Powered by WPeMatico
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3 reasons why it could be a rocky week for Bitcoin, Ethereum and altcoins
BTC volatility is at a record low, inflows to spot markets remain muted and this week’s economic calendar suggests that volatility is set to rock the crypto market. Go to Source Powered by WPeMatico
Valkyrie Reveals Intention to Sponsor Grayscale’s Bitcoin Trust as GBTC Discount to NAV Widens
Valkyrie Investments, a Tennessee-based asset manager, has announced its intention to become the new sponsor of Grayscale’s Bitcoin Trust (GBTC). The company states that it is “uniquely qualified” for the role and plans to facilitate redemptions at net asset value (NAV) through a Regulation M filing. Valkyrie Offers to Take Over Management of Grayscale’s Bitcoin … Read more
BTC price faces 20% drop in weeks if Bitcoin avoids key level — analyst
Bitcoin does not look good when it comes to sustained BTC price upside, traders warn, as GBTC reaches a fresh record discount. Go to Source Powered by WPeMatico
Grayscale CEO highlights 20% GBTC share buyback option if ETF conversion fails
The proposed offer would require both SEC relief and shareholders’ approval. Go to Source Powered by WPeMatico
SEC looks to intercept Grayscale Bitcoin ETF review bid
The SEC is looking to block an appeal from Grayscale Investments after denying its proposed Bitcoin exchange traded fund. Go to Source Powered by WPeMatico
GBTC ‘elevator to hell’ sees Bitcoin spot price approach 100% premium
Bad times for the Grayscale Bitcoin Trust (GBTC) get even worse this week as its discount to BTC/USD approaches 50% for the first time. Go to Source Powered by WPeMatico
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. Go to Source Powered by WPeMatico
Will Grayscale be the next FTX?
Grayscale is fighting the good fight on behalf of everyone in cryptocurrency. Go to Source Powered by WPeMatico
Controlling shareholders’ stakes in GBTC are ‘highly illiquid’: Report
“It’s net good news for GBTC shareholders and FUD fighting,” said Selkis. Go to Source Powered by WPeMatico
