Bitcoin at 46,000 for the first time again since the launch of spot ETFs as sentiment returns
Cryptocurrencies, led by Bitcoin, continue to gain momentum as sentiment gradually returns.
The decline in outflows from the Grayscale Bitcoin Trust (GBTC) and the launch of Bitcoin spot ETFs are contributing to the positive sentiment. [ more ]
Bitcoin at 46,000 for the first time again since the launch of spot ETFs as sentiment returns
Cryptocurrencies, led by Bitcoin, continue to gain momentum as sentiment gradually returns.
The decline in outflows from the Grayscale Bitcoin Trust (GBTC) and the launch of Bitcoin spot ETFs are contributing to the positive sentiment. [ more ]
Bitcoin Bulls Buoyed by Report of FTX's $1B GBTC Sale
Sizable sales from the Grayscale Bitcoin Trust may be partly to blame for bitcoin's poor price performance since the launch of U.S.-based spot ETFs.
The bankruptcy estate for failed crypto exchange FTX sold its entire holding of GBTC for nearly $1 billion, indicating fresh investment into the new spot ETFs. [ more ]
Bitcoin Bulls Buoyed by Report of FTX's $1B GBTC Sale
Sizable sales from the Grayscale Bitcoin Trust may be partly to blame for bitcoin's poor price performance since the launch of U.S.-based spot ETFs.
The bankruptcy estate for failed crypto exchange FTX sold its entire holding of GBTC for nearly $1 billion, indicating fresh investment into the new spot ETFs. [ 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 ]
JPMorgan Sees Significant Capital From Existing Crypto Products Pouring Into New Spot Bitcoin ETFs
J.P. Morgan believes that while the approval of spot bitcoin ETFs may not attract significant fresh capital, there will be a significant rotation of funds from existing crypto products.
The bank expects up to $36 billion to flow into the new spot bitcoin ETFs from other crypto products, with potential outflows from Grayscale Bitcoin Trust and retail investors migrating from digital wallets. [ more ]
Grayscale Discount Continues to Narrow as Spot Bitcoin, Ether ETF Euphoria Works Through Markets
Bitcoin and ether are trading steady in Asia, supported by narrowing discounts on Grayscale Bitcoin Trust and anticipation for the approval of spot bitcoin and ether ETFs.
Market optimism is high, with investor inflows surpassing $1 billion this year.
U.S. economic data and Federal Reserve communications are expected to influence crypto market trends. [ more ]
Grayscale Discount Continues to Narrow as Spot Bitcoin, Ether ETF Euphoria Works Through Markets
Bitcoin and ether are trading steady in Asia, supported by narrowing discounts on Grayscale Bitcoin Trust and anticipation for the approval of spot bitcoin and ether ETFs.
Market optimism is high, with investor inflows surpassing $1 billion this year.
U.S. economic data and Federal Reserve communications are expected to influence crypto market trends. [ more ]