Browsing:GBTC

Grayscale Bitcoin Trust rebounds with a 5% surge amid new investment inflows
2 weeks ago 1 min read

Grayscale Bitcoin Trust rebounds with a 5% surge amid new investment inflows

The Grayscale Bitcoin Trust (GBTC) had its first increase in fund value since January, with a 5% boost in pre-market trading. Following its conversion into an Exchange-Traded Fund (ETF) on January 10, GBTC experienced a decline in its market share as a result of withdrawals amounting to $17.46 billion. The resurgence of GBTC, amounting to $63 million, may be attributed to the positive trajectory of the cryptocurrency markets. In early May, the price of Bitcoin had a significant increase, going up from $56,000 to $65,000. This surge in price has the ability to rebuild investor confidence in GBTC. Although there

Bitget lists Green Bitcoin (GBTC) on Spot via WEB3 Innovation Zone
3 weeks ago 2 mins read

Bitget lists Green Bitcoin (GBTC) on Spot via WEB3 Innovation Zone

Victoria, Seychelles, April 26th, 2024 Bitget, the world’s leading cryptocurrency exchange and Web3 company, has listed Green Bitcoin-based GBTC coin on its spot with massive rewards. This new addition is a part of Bitget’s continuous effort to broaden its trading ecosystem by integrating high potential low cap projects. Deposit and trading for GBTC are currently available, withdrawals will open shortly. Users can now trade GBTC via the GBTC/USDT trading pair link provided on the spot corridor on Bitget. This listing is part of Bitget’s broader strategy to expand beyond derivatives and include a diverse range of promising coins, particularly those from sectors like

Over $2 billion in shares of Grayscale Bitcoin Trust (GBTC) have been sold since its conversion to an ETF
4 months ago 1 min read

Over $2 billion in shares of Grayscale Bitcoin Trust (GBTC) have been sold since its conversion to an ETF

Investors have sold over $2 billion in shares of Grayscale Bitcoin Trust (GBTC) since its conversion to an exchange-traded fund (ETF). Concurrently, FTX’s bankruptcy estate completed a large sale of 22 million shares, accounting for a significant portion of the $2 billion in sales. GBTC has nearly $30 billion in assets after a decade of operations. However, its conversion to an ETF marked a watershed moment, resulting in increased competition from newly launched funds by financial behemoths such as BlackRock and Fidelity. Unlike its competitors, GBTC saw a significant withdrawal of investments, which many attributed to the trust’s relatively high

Grayscale Bitcoin Trust (GBTC) has experienced outflows totaling over $2 billion in five trading days.
4 months ago 1 min read

Grayscale Bitcoin Trust (GBTC) Sees Over $2 Billion Outflows in Just 5 Days Amid ETF Landscape Shift

According to recent data, Grayscale Bitcoin Trust (GBTC) has experienced outflows totaling over $2 billion in five trading days. Bloomberg ETF analyst Eric Balchunas reported the news, highlighting a significant shift in investor sentiment toward spot Bitcoin exchange-traded funds (ETFs). Furthermore, Grayscale Investments CEO Michael Sonnenshein said he was not surprised by the GBTC outflows. In an interview with Bloomberg, he emphasized that the company is more concerned with trading volumes. Sonnenshein defended GBTC’s 1.5% management fee, stating that it is reasonable given Grayscale’s “size, liquidity, and track record.” The increased outflows from GBTC do not necessarily indicate a decrease

About us

Optimisus is a Dubai-based fintech media company. We cover the latest AI, crypto, NFT, metaverse, blockchain, and Fintech news influencing the crypto industry.

Email: media@optimisus.com

Get Instant Notifications

Join over million readers and get the latest posts delivered straight to your inbox.

© copyright 2024 all rights reserved | Optimisus