A 3% rebound in Ether’s price would wipe $345 million in short positions amid Grayscale withdrawing its Ether futures ETF application. Ether traders have stacked up their short positions over the last 24 hours, just as Grayscale Investments pulled its application for an Ethereum futures exchange-traded fund (ETF). is hovering close to a key support…
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Grayscale Investments’ GBTC has seen its first day of inflows, following over $17.5 billion in outflows since the launch of Bitcoin ETFs in January. Grayscale Investments has achieve its first day of net positive inflows for the Grayscale Bitcoin Trust (GBTC). This comes after nearly four months of continuous outflows since its conversion to a…
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Key Points: Grayscale’s Craig Salm is confident in May’s approval for spot Ethereum ETFs, despite SEC engagement concerns. Bloomberg analysts cut approval odds to 25%, citing SEC disengagement. The SEC previously approved Ether futures ETFs, with various firms, including BlackRock and VanEck, awaiting spot Ether ETF decisions. Despite recent concerns over the U.S. Securities and…
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The ETF’s record outflow day came as Bitcoin hit a U.S. trading day low of nearly $62,000 as it continues to slide after hitting a high last week. United States spot Bitcoin exchange-traded funds (ETFs) have witnessed their largest day of joint outflows on record, with a total of $326 million being shed from the 10…
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Grayscale and Coinbase met with the SEC on March 6 to address concerns about the conversion of Grayscale’s Ethereum Trust into a spot ETF. Crypto firms Grayscale and Coinbase recently met with United States Securities and Exchange Commission (SEC) officials to discuss a rule change for the launch of spot Ether exchange-traded funds (ETFs). Grayscale…
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Key Points: Grayscale Bitcoin Trust ETF saw a $303 million outflow on March 8, shifting the Bitcoin ETF asset balance. Nine new US Bitcoin ETFs surpass GBTC, managing $27 billion, led by IBIT. On March 8, data from BitMEX Research revealed that Grayscale Bitcoin Trust ETF (GBTC) experienced an outflow of $303 million. Grayscale…
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Key Points: Grayscale transfers significant transfer, sending 776.667 BTC to Coinbase Prime. Strategic maneuver reflects dynamic engagement in crypto market. Transaction valued at approximately $39.9964 million, amplifying institutional impact. Grayscale transfers a substantial transfer, sending a total of 776.667 Bitcoins to the Coinbase Prime address. The transaction occurred at precisely 22:15 on February 23 marking a strategic maneuver…
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The moving portions influence Grayscale’s A Resource supervisor Grayscale has rebalanced loads for three of its crypto reserves, eliminating tokens like Polygon MATIC while adding Torrential slide AVAX and XRP XRPaccording to a declaration on Jan. 5. Grayscale’s Digital Large Cap Fund (GDLC), DeFi Fund (DEFG), and Smart Contract Platform Ex-Ethereum Fund (GSCPxE Fund) are…
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Key Points: The decision on Grayscale’s application to convert its Ethereum Trust into an ETF has been delayed by 45 days by the SEC. With 2.5% of all ETH in circulation, the Grayscale Ethereum Trust is the largest Ethereum investment vehicle in the world. Grayscale Ethereum Spot ETF deferred by the SEC once more, stretching…
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Grayscale Speculations documented another enlistment articulation with the U.S. Protections and Trade Commission after the Court of Allures for the Locale of Columbia Circuit administered the controller should check the organization’s application out. Significant digital currency venture company Grayscale Speculations has recorded another application with the US Protections and Trade Commission (SEC) for another spot…
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