Grayscale's GBTC Has Moved More Than 100K BTC to Exchange Since Spot Bitcoin ETF Launch
Grayscale's Bitcoin Trust (GBTC) has moved over 19,000 bitcoin from its wallet, bringing the total to nearly 113,000 BTC since the start of spot bitcoin ETFs.
The outflows from the Grayscale wallet may not all be related to redemption, as some of the BTC is being settled from trading activity for the previous day(s). [ more ]
Grayscale Moves Another 9K Bitcoin to Exchange in Preparation for Sale
Grayscale sent an additional 9,000 bitcoin to an exchange following the conversion of Grayscale Bitcoin Trust (GBTC) to a spot ETF.
The move resulted in net outflows from GBTC as investors sold for various reasons, including the elimination of the discount to net asset value and lower fees at competing ETFs. [ more ]
First Mover Americas: Franklin Templeton's Bitcoin ETF Becomes the Cheapest
Grayscale's bitcoin fund, GBTC, saw its discount to net asset value (NAV) shrink to 0% following approval to convert into a spot bitcoin exchange-traded fund (ETF).
Franklin Templeton reduced the fee on its bitcoin ETF to 0.19% of net assets, making it the cheapest option among new investment products.
UBS will allow some clients to trade bitcoin ETFs but with certain conditions, including not soliciting these trades and limiting access for accounts with lower risk tolerance. [ more ]
Grayscale's GBTC Has Moved More Than 100K BTC to Exchange Since Spot Bitcoin ETF Launch
Grayscale's Bitcoin Trust (GBTC) has moved over 19,000 bitcoin from its wallet, bringing the total to nearly 113,000 BTC since the start of spot bitcoin ETFs.
The outflows from the Grayscale wallet may not all be related to redemption, as some of the BTC is being settled from trading activity for the previous day(s). [ more ]
Grayscale Moves Another 9K Bitcoin to Exchange in Preparation for Sale
Grayscale sent an additional 9,000 bitcoin to an exchange following the conversion of Grayscale Bitcoin Trust (GBTC) to a spot ETF.
The move resulted in net outflows from GBTC as investors sold for various reasons, including the elimination of the discount to net asset value and lower fees at competing ETFs. [ more ]
First Mover Americas: Franklin Templeton's Bitcoin ETF Becomes the Cheapest
Grayscale's bitcoin fund, GBTC, saw its discount to net asset value (NAV) shrink to 0% following approval to convert into a spot bitcoin exchange-traded fund (ETF).
Franklin Templeton reduced the fee on its bitcoin ETF to 0.19% of net assets, making it the cheapest option among new investment products.
UBS will allow some clients to trade bitcoin ETFs but with certain conditions, including not soliciting these trades and limiting access for accounts with lower risk tolerance. [ more ]
GBTC's Bitcoin holdings drastically reduced by 50% since January due to net outflows amid high trading fees and competition from low-fee competitors. [ more ]
Continued outflows from GBTC may impact Bitcoin price. TON ecosystem partners with HashKey Group for Asia-Pacific expansion. JPMorgan believes ETH ETF approval unlikely in May. [ more ]
Continued outflows from GBTC may impact Bitcoin price. TON ecosystem partners with HashKey Group for Asia-Pacific expansion. JPMorgan believes ETH ETF approval unlikely in May. [ more ]
GBTC Discount Sinks to Lowest Level in 18 Months as Grayscale Falls Behind in ETF Fee Race
The discount on the Grayscale Bitcoin Trust (GBTC) has reached its lowest level since April 2021 as expectations of a conversion to a spot bitcoin ETF increase.
The discount on GBTC has steadily narrowed as a result of expectations of an ETF approval and rising bitcoin sentiment. [ more ]
GBTC Discount Sinks to Lowest Level in 18 Months as Grayscale Falls Behind in ETF Fee Race
The discount on the Grayscale Bitcoin Trust (GBTC) has reached its lowest level since April 2021 as expectations of a conversion to a spot bitcoin ETF increase.
The discount on GBTC has steadily narrowed as a result of expectations of an ETF approval and rising bitcoin sentiment. [ more ]