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Grayscale’s BTC trust trades at a 36.7% discount to their actual BTC holdings, and it’s possible that more than just the market-wide downtrend stands as the reason for the spread.
Despite delisting VBB, Valkyrie still continues to manage the Bitcoin Strategy ETF and its Bitcoin futures ETF and the Valkyrie Bitcoin Miners ETF.
Similar to its December 2021 rejection of a WisdomTree spot Bitcoin investment vehicle, the SEC cited concerns about fraud and market manipulation.
Amid the bear market, positive signs of crypto adoption continue to emerge. Also, Elon Musk is finally moving ahead with plans to acquire Twitter.
The ETF tracks the Bitwise Web3 Equities Index, with over 85% exposure to companies in Web3.
In partnership with Eaglebrook, the strategies will be offered to registered investment advisors.
“We’re all kind of watching this and seeing what’s going to happen,” said WisdomTree's Will Peck on spot Bitcoin exchange-traded funds in the United States.
Institutional interest in Grayscale Bitcoin Trust continues to dwindle 10 months into the crypto bear market.
The environmentally-focused financial product was introduced by a subsidiary of DeFi Technologies.
Analysts and traders strongly adhere to the “Bitcoin is inversely correlated to the strength of the U.S. dollar index” thesis, but a closer look at the data suggests otherwise.