2023-7-20 22:28 |
The possibility the SEC will approve the conversion of GBTC into an ETF is playing a role in the discount narrowing, according to analysts.
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Key Takeaways The Grayscale Bitcoin Trust (GBTC) has persistently traded at a discount to its net asset value The discount has narrowed to its lowest mark since September off hope the fund is more likely to be converted to an ETF The entire GBTC debacle represents the mess that is the institutional regulatory climate in […] The post Stay away from Grayscale Bitcoin Trust despite discount narrowing to 10-month low appeared first on CoinJournal.
2023-7-7 16:36 | |
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After reaching new depths below the 8k level near the end of September, market valuations in BTC/USD have been largely trendless. Over the last month, bitcoin has been caught in a narrowing price range that has made it difficult for quantitative traders to plot the next trend direction for the crypto pair.
2019-10-20 23:01 | |
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The volume of Bitcoins managed by Grayscale Bitcoin Trust has decreased by almost 50% since the conversion to a spot ETF
Sonnenshein said that some of the selling connected to settlements of bankrupt crypto companies like FTX are "largely behind us."
There were $836 million in net outflows between March 18 and March 21, the report said.
Grayscale, the issuer of the world’s largest Bitcoin exchange-traded fund (ETF), has applied for a smaller version of its popular Grayscale Bitcoin Trust (GBTC) ETF under the “BTC” ticker, according to a Mar.
On March 11, Grayscale Bitcoin Trust (GBTC) saw a substantial withdrawal, with $494 million worth of Bitcoin, approximately 6,850 BTC, leaving the fund. BitMEX Research initially labeled this exodus a record outflow.
Grayscale’s GBTC may experience new sell pressure and outflows following a ruling in the Genesis bankruptcy case on Feb. 14.
Grayscale has updated the agreement to optimize its conversion into a spot Bitcoin (BTC) ETF. The corresponding document appeared on the website of the US Securities and Exchange Commission (SEC). The fund also wants to level the playing field when…