All articles tagged with #grayscale
Grayscale has updated its ETF filing to include Dogecoin, indicating a potential new investment vehicle for this popular memecoin, with the trust aiming to hold Dogecoin as a digital asset on a decentralized network.
Grayscale Investments launched the first multi-cryptocurrency ETF in the U.S., the Grayscale CoinDesk Crypto 5 ETF (GDLC), which includes bitcoin, ether, XRP, Solana, and Cardano, capturing over 90% of the digital asset market, and reflecting growing institutional and retail interest in diversified crypto investments.
Stellar's XLM token surged 58% in value following Grayscale Investments' 10-K filing for its Stellar Lumens Trust, which reported a 10% increase in net assets despite previous losses. The price reached $0.45, its highest since 2021, but technical indicators like the RSI and Bollinger Bands suggest the token is overbought and may face a short-term decline. If the price corrects, it could drop to support levels at $0.35 or $0.23, though continued buying pressure might push it to $0.52.
Grayscale Investments plans to launch options trading on its Bitcoin ETFs, following BlackRock's record-breaking debut of its iShares Bitcoin Trust (IBIT) options. This move comes as Bitcoin reaches new all-time highs, driven by strong investor interest. Grayscale aims to enhance its Bitcoin ETP ecosystem by employing a covered call strategy. The launch follows the Options Clearing Corporation's approval and Grayscale's swift filing of an updated prospectus. This development marks a significant step in the evolving landscape of crypto ETFs.
BlackRock's iShares Bitcoin Trust (IBIT) has surpassed Grayscale's GBTC as the largest Bitcoin ETF, holding $20 billion in assets. This shift occurred due to significant outflows from GBTC and inflows into IBIT. With IBIT's rapid growth, it may soon target the iShares Gold ETF, which holds over $29 billion in assets. Despite short-term sell pressure, the long-term outlook for Bitcoin remains bullish.
BlackRock has secured a $10 million seed investment for its upcoming iShares Ethereum Trust, while Grayscale has appointed Coinbase as the custodian for its spot Ethereum ETF. This follows the SEC's recent approval of spot Ethereum ETFs, marking a significant shift in regulatory stance. However, experts are concerned about centralization risks, as Coinbase will be the custodian for the majority of these ETFs.
BlackRock's iShares Bitcoin Trust has become the world's largest bitcoin fund, surpassing Grayscale Bitcoin Trust with nearly $20 billion in assets since its January launch. The shift follows the approval of new bitcoin ETFs by U.S. regulators, leading to significant asset inflows from wealth managers and financial advisors into BlackRock's ETF.
BlackRock's iShares Bitcoin Trust has become the world's largest Bitcoin fund, amassing nearly $20 billion in assets since its US listing in January, surpassing the Grayscale Bitcoin Trust. The success of BlackRock's ETF highlights investor preference for institutional-grade products, while Grayscale has seen significant outflows due to higher fees and arbitrage exits.
BlackRock's Bitcoin ETF has surpassed the Grayscale Bitcoin Trust (GBTC) in holdings, achieving this in just 96 trading days. The iShares Bitcoin Trust (IBIT) now holds 288,671 BTC compared to GBTC's 287,454 BTC, following significant inflows and outflows. This shift highlights the competitive landscape among Bitcoin ETFs, particularly in terms of fees and market positioning.
BlackRock's IBIT has overtaken Grayscale's GBTC to become the largest spot bitcoin ETF in the U.S., with nearly $20 billion in holdings following a $102 million inflow. This shift comes amid increased bullish sentiment in the crypto market and strategic additions to BlackRock's income and bond-focused funds.
Analysts predict that the SEC could approve Ethereum ETFs' S-1 registration statements within 2-3 months, potentially by July. This approval could lead to significant outflows from Grayscale's Ethereum Trust (ETHE), similar to the outflows seen in Grayscale's Bitcoin Trust (GBTC) after spot Bitcoin ETF approval. However, some analysts believe that Grayscale's low-fee Mini Trust could mitigate these outflows. Meanwhile, Ethereum's price shows signs of a potential pullback based on technical indicators.
Ethereum is expected to experience a significant bull run following the SEC's approval of spot Ethereum ETFs, despite potential short-term selling pressure from Grayscale Ethereum Trust outflows. Analysts predict long-term value growth for ETH, with the price already seeing a substantial increase.
BlackRock, Grayscale, and Bitwise have filed amended 19b-4 forms with the SEC for their proposed spot ether ETFs, removing staking provisions to avoid regulatory issues. This move follows similar amendments by other firms like Fidelity and VanEck, and has led to increased optimism about the approval of ether ETFs, with analysts raising approval odds to 75%.
Grayscale's Bitcoin spot ETF fund is experiencing significant outflows, with over $15 billion leaving the fund since January, leading to concerns about running out of Bitcoin by July 8. Despite this, the company's business model is likely to remain stable, with assets still exceeding $20 billion and the potential for revenue generation from the rising price of Bitcoin. Grayscale has filed for a new "mini" Bitcoin ETF with lower fees to compete, but faces competition from other funds like BlackRock's iShares Bitcoin Trust, which has attracted substantial inflows. The outflows are attributed to various factors, including investors seeking cheaper ETFs and collapsed crypto companies reclaiming cash. Despite the challenges, Grayscale remains confident in its position and its role in paving the way for spot Bitcoin ETFs to enter the market.
Spot Bitcoin ETF flows turned positive this week, with Fidelity's FBTC leading the inflows and Grayscale's GBTC outflows slowing. The combined U.S. spot Bitcoin ETFs saw net inflows of $113.5 million on Wednesday, surpassing the previous day's outflows. Grayscale's GBTC fund has experienced significant outflows, falling 47% from around 619,000 BTC to 328,000 BTC. Despite the slowdown in outflows, overall spot Bitcoin ETF daily flows and volume have been declining since peaking in March.