Metalpha raising $100M to offer Grayscale Bitcoin products in Hong Kong
Metalpha has secured $20 million out of the planned $100 million for its new fund from overseas Chinese investors, the CEO said. Go to Source Powered by WPeMatico
grayscale
Auto Added by WPeMatico
Institutions ‘extremely interested’ in crypto ETFs, but buying has cooled: Survey
Almost half of surveyed fund managers plan to “add” crypto ETFs to their portfolio in 2023, while only a quarter will be increasing digital asset exposures. Go to Source Powered by WPeMatico
US Government Remains a Top Bitcoin Holder With Seized Stash Valued at $5.6 Billion
As of March 25, 2023, the U.S. government held 205,515 bitcoins worth $5.6 billion, which is approximately 1.06% of the circulating supply, according to current statistics. The cache of bitcoins is a result of three forfeitures that began in 2020. Glassnode’s on-chain data reveals that on March 9, about 9,860 bitcoins worth roughly $269 million … Read more
Post-Merge Ethereum: Grayscale extends review of ETHPoW decision
Grayscale will take 180 days at max to decide whether, when and in what manner to sell ETHPoW on behalf of the record date shareholders. Go to Source Powered by WPeMatico
Crypto Biz: Silvergate shutting down, Alameda suing Grayscale
Negative headlines surrounding Silvergate dragged Bitcoin’s price below $20,000. Meanwhile, bankrupt Alameda is planning to sue Grayscale and its parent company DCG. Go to Source Powered by WPeMatico
Judges hear oral arguments in Grayscale suit against SEC over BTC spot ETF rejection
A panel of three judges heard the sides’ arguments and posed significantly more questions about the SEC’s stance, leading to speculation about their leaning. Go to Source Powered by WPeMatico
Alameda Research files suit against Grayscale over ‘self-imposed redemption ban’
The FTX Debtors want to “unlock” $9 billion in share value and management fees that they dispute through the Delaware Court of Chancery. Go to Source Powered by WPeMatico
Digital Assets Under Management 5.25% Higher in February — Grayscale Still ‘Most Dominant Player’
The value of digital assets under management (AUM) for digital asset investment products in February rose to $28.3 billion, the highest number recorded since May 2022, according to Cryptocompare stats. The increase came against the background of rising U.S. Securities and Exchange Commission (SEC) enforcement actions against crypto industry players. Bitcoin and ethereum continue to … Read more
Bitcoin takes ‘lion’s share’ as institutional inflows hit 7-month high
$117 million heads into crypto investment products in a single week, and the vast majority went straight into Bitcoin. Go to Source Powered by WPeMatico
Total crypto market cap rises above $1T, and data suggests more upside is in store
Bad news continues to dominate crypto media headlines but Bitcoin and the wider market appear to not care. Go to Source Powered by WPeMatico