GBTC unlock edges closer as impact on Bitcoin price remains unclear
Contrary to JPMorgan’s analyst, the major GBTC unlock on July 18 might not put any downside risk on BTC’s spot price. Go to Source Powered by WPeMatico
grayscale
Auto Added by WPeMatico
First Midwest Bank Trust Division increases Grayscale Bitcoin Trust holdings by 283%
A report on the firm’s holdings to the SEC for Q2 2021 revealed the bank’s trust division had 29,498 shares in Grayscale’s Bitcoin Trust, worth more than $880,000. Go to Source Powered by WPeMatico
Bitcoin price will likely shrug off $530M GBTC unlock in July — analysis
New research questions the gravity of the upcoming unlocking events at the Grayscale Bitcoin Trust, pointing to bigger potential price threats later in 2021. Go to Source Powered by WPeMatico
Turning bullish? Institutions are net buyers of crypto for the first time in 5 weeks
CoinShares’ weekly report showed institutional managers are buying into crypto funds again after four weeks of profit taking. Go to Source Powered by WPeMatico
Cardano Joins Grayscale Digital Large Cap Fund as Third Biggest Component
Cardano has been added to Grayscale Investments’ large-cap cryptocurrency fund. It is now the third-largest component of the fund after bitcoin and ether. Grayscale Investments, the world’s largest digital currency asset manager, announced Friday the addition of cardano to its Digital Large Cap Fund (OTCQX: GDLC). Grayscale described this fund as “a passive, rules-based strategy … Read more
Ethereum Classic price has nearly doubled days after Digital Currency Group’s $50M bet
The gains also appear amid an overall crypto market recovery following Bitcoin’s sharp rebound from $30,000-support. Go to Source Powered by WPeMatico
Institutions turn bearish on ETH as record $50M exits Ether investment products
Ether investment products have suffered record outflows this past week, while Bitcoin flows have begun to stabilize. Go to Source Powered by WPeMatico
Morgan Stanley equity fund owns 28.2K shares of Grayscale Bitcoin Trust, per SEC
The investment bank reported owning a significant stake in GBTC as of April 30, according to a recent filing with the SEC. Go to Source Powered by WPeMatico
Cathie Wood Bought the Dip: Ark Invest Purchases One Million GBTC Shares
Cathie Wood, the founder of Ark Invest, bought the dip this Tuesday when Bitcoin prices tumbled below $30K. According to reports, Ark acquired more than one million shares of the Grayscale Bitcoin Fund. The company also bought more Coinbase shares. Wood has a positive stance on crypto and keeps predicting Bitcoin will reach a long-term … Read more
Institutional selling of crypto reaches longest streak since Feb 2018
CoinShares’ weekly report showed another large outflow from digital asset products, with much of the selloff concentrated in Bitcoin funds. Go to Source Powered by WPeMatico