Michael Sonnenshein – DIGIT INFO

Grayscale CEO Sees GBTC Reaching Equilibrium, Expects Outflows to Ease

DIGIT — Sat, 13 Apr 2024 21:30:07 +0000

Crypto asset manager Grayscale Investments believes that GBTC “has started to reach a little bit of an equilibrium,” says CEO Michael Sonnenshein, noting that some anticipated outflows from the firm’s spot bitcoin exchange-traded fund (ETF) are “largely behind us.” The crypto asset manager also expects GBTC’s fees to come down “as markets mature.” Grayscale’s CEO […]

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GBTC Experiences Its Largest Daily Drain Yet, Nearly 239,000 BTC Gone in Under 70 Days

DIGIT — Tue, 19 Mar 2024 18:00:58 +0000

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 […]

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Crypto community reacts to Biden’s proposed crypto tax reporting rules

DIGIT — Sun, 27 Aug 2023 06:01:17 +0000

Many prominent crypto commentators are concerned that this will make crypto firms even more reluctant to do business in the United States.

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Using courts for every crypto issuance will squash innovation: Grayscale CEO

DIGIT — Sun, 13 Aug 2023 03:00:03 +0000

Grayscale CEO Michael Sonnenshein emphasized the need for a balanced regulatory approach to cryptocurrency to avoid hindering innovation in the United States.

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Grayscale CEO: BlackRock ETF filing a ‘moment of validation’ for Bitcoin

DIGIT — Wed, 12 Jul 2023 06:30:04 +0000

BlackRock’s commitment to advancing its crypto efforts only lends to the validity of Bitcoin as an asset class, said Michael Sonnenshein.

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GBTC approval could return a ‘couple billion dollars’ to investors: Grayscale CEO

DIGIT — Sun, 26 Feb 2023 03:36:07 +0000

Grayscale Investments’ boss, Michael Sonnenshein, said that if GBTC got the green light to “convert” to a spot BTC ETF there would “no longer” be a discount or a premium, amid ongoing legal action against the SEC.

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Court to hear oral arguments in Grayscale’s lawsuit against SEC in March

DIGIT — Wed, 25 Jan 2023 00:34:46 +0000

Grayscale previously anticipated being able to voice their arguments in the second quarter of the year, calling the recent motion “welcome news.”

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SEC’s ‘one-dimensional’ approach is slowing Bitcoin progress: Grayscale CEO

DIGIT — Tue, 24 Jan 2023 02:06:03 +0000

Grayscale’s chief was the latest to take a swing at the authority for its so-called “regulation by enforcement” actions.

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Grayscale’s New Co-Investment Vehicle Aims to ‘Capture the Upside of Crypto Winter’

DIGIT — Thu, 06 Oct 2022 18:49:55 +0000

On October 6, Grayscale Investments announced a new venture that gives accredited investors the opportunity to invest in the mining infrastructure that powers the digital asset ecosystem. According to the announcement, the co-investment vehicle is called Grayscale Digital Infrastructure Opportunities (GDIO), and the crypto mining firm Foundry will handle the new product’s operations. GDIO is […]

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Robinhood Lists Grayscale’s Bitcoin and Ethereum Trusts

DIGIT — Sun, 08 May 2022 06:00:56 +0000

On May 6, the financial services company Robinhood announced the firm has listed Grayscale’s Bitcoin Trust (GBTC) and Ethereum Trust (ETHE). Robinhood customers can now gain access the crypto investment products in order to get exposure to bitcoin or ethereum without actually owning the digital currencies. In Addition to Cryptos, Robinhood Adds Grayscale’s GBTC and […]

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