Archive for January 2024

Outflows from Grayscale’s GBTC have stayed elevated, while inflows for the other funds collectively have decelerated. Data from Bloomberg Intelligence analyst James Seyffart reveals that the 10 spot bitcoin ETFs, including GBTC, experienced a net outflow of $158 million on Wednesday. Although daily flows can be volatile, figures from issuers’ websites show a total bitcoin…

Analysts observed that GBTC shares dipped to a 0.9% discount, signaling potential selling pressure. As spot bitcoin ETF approvals unfolded, futures traders anticipating higher crypto prices faced around $217 million in liquidations over the past 24 hours. The approval of spot bitcoin ETFs became a “sell-the-news” event, triggering contrarian bets. Concerns about Grayscale’s potential bitcoin…

The CEO of BlackRock, Larry Fink, has expressed support for the idea of an exchange-traded fund (ETF) for ether (ETH), the native token of the Ethereum blockchain. This comes a day after the launch of the highly anticipated bitcoin (BTC) ETF. In an interview with CNBC, Fink stated, “I see value in having an Ethereum…

Market participants, such as trading firm DRW, have been diligently preparing for the potential approval of Bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). If approved, a significant influx of investment is anticipated in the cryptocurrency market, as various firms await the SEC’s decision. Key players, including BlackRock, Grayscale, Fidelity, and…

Amidst looming investigations, the board of directors at Binance.US faced a crucial vote on whether to liquidate the company, as reported by The Information. Binance CEO Changpeng “CZ” Zhao reportedly considered shutting down the U.S. branch earlier in the year to safeguard the broader company. Sources revealed that the board, chaired by Zhao, could not…