Auto Added by WPeMatico

Grayscale CEO Sees GBTC Reaching Equilibrium, Expects Outflows to Ease

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…

Continue ReadingGrayscale CEO Sees GBTC Reaching Equilibrium, Expects Outflows to Ease

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

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…

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

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

Grayscale Investments' boss, Michael Sonnenshein, said that if GBTC got the green light to "convert" to a spot Bitcoin ETF there would "no longer" be a discount or a premium,…

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

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

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

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

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

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…

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

Robinhood Lists Grayscale’s Bitcoin and Ethereum Trusts

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…

Continue ReadingRobinhood Lists Grayscale’s Bitcoin and Ethereum Trusts