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BIG NEWS FOR $XRP HOLDERS!
Grayscale is launching the FIRST U.S. XRP fund!
Accredited investors will be able to trade XRP in the form of shares!
Similar funds for BTC and ETH were converted into ETFs in 2024... could XRP be next?
Regulatory approval pending, but the future is looking bright!
XRP rate surges 10% in response to the news!
Get ready for a new era of XRP accessibility!
#GRAYSCALE #digitalassets #xrp
Accredited investors will be able to trade XRP in the form of shares!
Similar funds for BTC and ETH were converted into ETFs in 2024... could XRP be next?
Regulatory approval pending, but the future is looking bright!
XRP rate surges 10% in response to the news!
Get ready for a new era of XRP accessibility!
#GRAYSCALE #digitalassets #xrp
Grayscale's XRP Trust: Paving the Way for Cross-Border Innovation and a Price Surge.
Grayscale, a leading crypto fund management company, has launched its XRP Trust, signaling a potential path toward an XRP spot exchange-traded fund (ETF) in the US. This closed-end fund provides accredited investors with direct exposure to XRP, a move that could revitalize interest in the token.
Grayscale previously dissolved its XRP Trust in 2021 due to an SEC lawsuit that classified XRP as a security. However, Ripple's recent legal victory against the SEC has cleared regulatory obstacles, setting the stage for renewed opportunities.
Raihaneh Sharif-Askari, Grayscaleâs head of product and research, highlighted the transformative potential of XRP in cross-border payments, emphasizing its ability to significantly improve the speed of transactions. The new trust mirrors Grayscale's other single-asset funds by focusing exclusively on XRP Ledgerâs underlying token.
Following this announcement, XRP saw a notable 8% price surge, reflecting increased investor confidence in the protocol. $XRP
#XRPGoal #Xrpđ„đ„ #XRP_ETF #XRPVictory #GRAYSCALE
Grayscale, a leading crypto fund management company, has launched its XRP Trust, signaling a potential path toward an XRP spot exchange-traded fund (ETF) in the US. This closed-end fund provides accredited investors with direct exposure to XRP, a move that could revitalize interest in the token.
Grayscale previously dissolved its XRP Trust in 2021 due to an SEC lawsuit that classified XRP as a security. However, Ripple's recent legal victory against the SEC has cleared regulatory obstacles, setting the stage for renewed opportunities.
Raihaneh Sharif-Askari, Grayscaleâs head of product and research, highlighted the transformative potential of XRP in cross-border payments, emphasizing its ability to significantly improve the speed of transactions. The new trust mirrors Grayscale's other single-asset funds by focusing exclusively on XRP Ledgerâs underlying token.
Following this announcement, XRP saw a notable 8% price surge, reflecting increased investor confidence in the protocol. $XRP
#XRPGoal #Xrpđ„đ„ #XRP_ETF #XRPVictory #GRAYSCALE
#GrayscaleXRPTrust $XRP
đ #XRP Technical Analysis & #GRAYSCALE Trust News! đ
Hey everyone! đ Letâs dive into the latest on XRP and some exciting news from Grayscale Trust.
âTechnical Analysis:Â
To see significant gains in XRP, the price first needs to break through the $0.92 level.
Maintaining momentum and pushing past $1.40 could set the stage for new all-time highs (ATH). đ
But thatâs not all! Grayscale Trust has recently made headlines with their latest moves in the crypto space. Their increasing interest in XRP could be a game-changer, potentially driving more institutional investment and market confidence. đŠ
Why This Matters:
âInstitutional Interest:Â Grayscaleâs involvement often signals strong institutional interest, which can lead to more stability and growth in the market.
âMarket Sentiment:Â Positive news from major players like Grayscale can boost market sentiment, encouraging more retail investors to jump in.
âPotential for ATH:Â With the right momentum, breaking past $1.40 could open the doors to new ATHs, making this an exciting time for XRP holders.
Stay tuned for more updates and letâs watch how this unfolds!
Good Luck! đ
#XRPVictory
đ #XRP Technical Analysis & #GRAYSCALE Trust News! đ
Hey everyone! đ Letâs dive into the latest on XRP and some exciting news from Grayscale Trust.
âTechnical Analysis:Â
To see significant gains in XRP, the price first needs to break through the $0.92 level.
Maintaining momentum and pushing past $1.40 could set the stage for new all-time highs (ATH). đ
But thatâs not all! Grayscale Trust has recently made headlines with their latest moves in the crypto space. Their increasing interest in XRP could be a game-changer, potentially driving more institutional investment and market confidence. đŠ
Why This Matters:
âInstitutional Interest:Â Grayscaleâs involvement often signals strong institutional interest, which can lead to more stability and growth in the market.
âMarket Sentiment:Â Positive news from major players like Grayscale can boost market sentiment, encouraging more retail investors to jump in.
âPotential for ATH:Â With the right momentum, breaking past $1.40 could open the doors to new ATHs, making this an exciting time for XRP holders.
Stay tuned for more updates and letâs watch how this unfolds!
Good Luck! đ
#XRPVictory
đ XRP Surges 10% Amid Gensler Probe & Grayscaleâs Ripple Trust: What You Need to Know! đ
In a surprising market move, XRP's price has soared by 10%, capturing the attention of investors worldwide. This surge comes on the heels of the ongoing probe into SEC Chair Gary Gensler and the positive sentiment surrounding Grayscale's Ripple Trust.
đ Whatâs fueling the rise?
Gensler Probe: As the investigation into SEC Chair Gary Gensler unfolds, market sentiment seems to be leaning towards a more favorable regulatory environment for cryptocurrencies.
Grayscaleâs Ripple Trust: The renewed confidence in Ripple, bolstered by Grayscaleâs involvement, is pushing XRPâs momentum even further.
Keep a close eye on XRP as these developments continue to unfold. Could this be the beginning of a larger rally? Stay tuned for more updates! đđĄ
#XRPGoal #Rippleđ° #GRAYSCALE #BinanceSquareFamily #CryptoMarketMoves $XRP
In a surprising market move, XRP's price has soared by 10%, capturing the attention of investors worldwide. This surge comes on the heels of the ongoing probe into SEC Chair Gary Gensler and the positive sentiment surrounding Grayscale's Ripple Trust.
đ Whatâs fueling the rise?
Gensler Probe: As the investigation into SEC Chair Gary Gensler unfolds, market sentiment seems to be leaning towards a more favorable regulatory environment for cryptocurrencies.
Grayscaleâs Ripple Trust: The renewed confidence in Ripple, bolstered by Grayscaleâs involvement, is pushing XRPâs momentum even further.
Keep a close eye on XRP as these developments continue to unfold. Could this be the beginning of a larger rally? Stay tuned for more updates! đđĄ
#XRPGoal #Rippleđ° #GRAYSCALE #BinanceSquareFamily #CryptoMarketMoves $XRP
The #Bitcoin ETFs saw a total outflow of $170 million yesterday !
Look at how much #Fidelity and #GRAYSCALE sold againđ
Look at how much #Fidelity and #GRAYSCALE sold againđ
$ETH đš
#Ethereum spot ETFs saw a significant net outflow of $47.40 million on September 3rd.
#GRAYSCALE had an outflow of $52.31M and Fidelity had an inflow of $4.91M.
#Ethereum #ETFEthereum $ETH
#Ethereum spot ETFs saw a significant net outflow of $47.40 million on September 3rd.
#GRAYSCALE had an outflow of $52.31M and Fidelity had an inflow of $4.91M.
#Ethereum #ETFEthereum $ETH
đ° $683M Flows into Spot #ETFs in a Single Day đ„
On March 13, #Bitcoin spot ETFs saw a net inflow of $683M, according to SoSoValue.
Despite a $276M outflow from Grayscale's $GBTC, BlackRock's $IBIT led with a $586M inflow, totaling $12.03B to date.
#BlackRock #GRAYSCALE #TrendingTopic
On March 13, #Bitcoin spot ETFs saw a net inflow of $683M, according to SoSoValue.
Despite a $276M outflow from Grayscale's $GBTC, BlackRock's $IBIT led with a $586M inflow, totaling $12.03B to date.
#BlackRock #GRAYSCALE #TrendingTopic
Grayscale CEO Urges SEC: Expedite Bitcoin ETF Options Approval
Michael Sonnenshein, CEO of Grayscale Investments, has made a compelling case to the US Securities and Exchange Commission (SEC) for the swift approval of listed options on Bitcoin spot exchange-traded funds (ETFs). According to insights from Foresight News, Sonnenshein emphasizes the transformative potential of options in empowering investors and fostering Bitcoin price discovery.
Understanding Listed Options: Enhancing Trading Dynamics
Listed options are derivative contracts traded on national options exchanges in the United States. These contracts offer investors the ability to buy or sell Bitcoin at predetermined prices (exercise prices) within specified timeframes (expiration dates). Sonnenshein contends that introducing listed options for Bitcoin spot ETFs will equip investors with powerful tools to navigate market fluctuations and achieve their investment goals effectively.
Promoting Transparent Valuation: The Role of Price Discovery
Sonnenshein underscores the significance of listed options in facilitating Bitcoin price discovery. Price discovery, the process by which market participants establish an asset's fair value through supply and demand dynamics, stands to benefit from increased activity and liquidity in the options market. By engaging in sophisticated trading strategies, investors contribute to a more transparent and efficient valuation of Bitcoin.
Enhancing Flexibility and Risk Management
Listed options offer investors unparalleled flexibility and risk management capabilities. Through strategic utilization of options contracts, investors can tailor their exposure to Bitcoin according to their risk appetite and investment objectives. Whether seeking to capitalize on price appreciation or mitigate downside risk, options enable investors to construct diversified portfolios and optimize returns while managing risk effectively.
Driving Market Maturity: Embracing Financial Innovation
Sonnenshein's advocacy for listed options on Bitcoin ETFs reflects the growing institutionalization and maturity of the cryptocurrency market. As traditional financial institutions and regulators increasingly engage with digital assets, there is a growing recognition of the need for sophisticated financial instruments to accommodate diverse investor preferences. The integration of listed options could mark a pivotal step towards mainstream adoption of Bitcoin as a legitimate investment vehicle.
A Milestone in Cryptocurrency Evolution
Michael Sonnenshein's push for listed options on Bitcoin ETFs represents a significant milestone in the evolution of the cryptocurrency market. By advancing investor empowerment and promoting price discovery, the integration of listed options stands to unlock new opportunities for participation and value creation. As regulatory discussions progress, the approval of listed options could herald a new era of innovation and growth in the cryptocurrency ecosystem.
#GRAYSCALE #SEC #Write2Earn
Understanding Listed Options: Enhancing Trading Dynamics
Listed options are derivative contracts traded on national options exchanges in the United States. These contracts offer investors the ability to buy or sell Bitcoin at predetermined prices (exercise prices) within specified timeframes (expiration dates). Sonnenshein contends that introducing listed options for Bitcoin spot ETFs will equip investors with powerful tools to navigate market fluctuations and achieve their investment goals effectively.
Promoting Transparent Valuation: The Role of Price Discovery
Sonnenshein underscores the significance of listed options in facilitating Bitcoin price discovery. Price discovery, the process by which market participants establish an asset's fair value through supply and demand dynamics, stands to benefit from increased activity and liquidity in the options market. By engaging in sophisticated trading strategies, investors contribute to a more transparent and efficient valuation of Bitcoin.
Enhancing Flexibility and Risk Management
Listed options offer investors unparalleled flexibility and risk management capabilities. Through strategic utilization of options contracts, investors can tailor their exposure to Bitcoin according to their risk appetite and investment objectives. Whether seeking to capitalize on price appreciation or mitigate downside risk, options enable investors to construct diversified portfolios and optimize returns while managing risk effectively.
Driving Market Maturity: Embracing Financial Innovation
Sonnenshein's advocacy for listed options on Bitcoin ETFs reflects the growing institutionalization and maturity of the cryptocurrency market. As traditional financial institutions and regulators increasingly engage with digital assets, there is a growing recognition of the need for sophisticated financial instruments to accommodate diverse investor preferences. The integration of listed options could mark a pivotal step towards mainstream adoption of Bitcoin as a legitimate investment vehicle.
A Milestone in Cryptocurrency Evolution
Michael Sonnenshein's push for listed options on Bitcoin ETFs represents a significant milestone in the evolution of the cryptocurrency market. By advancing investor empowerment and promoting price discovery, the integration of listed options stands to unlock new opportunities for participation and value creation. As regulatory discussions progress, the approval of listed options could herald a new era of innovation and growth in the cryptocurrency ecosystem.
#GRAYSCALE #SEC #Write2Earn
Grayscale Bitcoin Trust (GBTC) saw a 5% increase in pre-market trading value, marking its first rise since January, amid a challenging period with significant market share reduction and $17.46 billion in withdrawals since becoming an ETF.
The renewed interest in GBTC, totaling $63 million, likely stems from the overall positive momentum in the cryptocurrency markets, with Bitcoin's price surging from $56,000 to $65,000 in early May.
đ Despite this boost, Grayscale remains proactive, introducing a new investment product, the "Bitcoin Mini Trust," with lower fees, and seeking SEC approval for an Ethereum ETF, a process that might be expedited due to similarities with Bitcoin's regulatory path.
đ However, competition in the Bitcoin ETF space is fierce, and it's unclear if GBTC's recent upturn signals a short-term response or sustained recovery.
đŒ GBTC's ability to reclaim its former status depends on various factors, including the success of its Mini Trust, regulatory outcomes for its Ethereum ETF, and ongoing gains in the cryptocurrency market.
đ Recent bankruptcies in the cryptocurrency sector have also added to GBTC's challenges, with companies selling off GBTC shares to meet debt obligations, further highlighting the volatile market environment.
đ As Bitcoin continues its recovery post-halving, GBTC must seize this opportunity to regain its position as a leading choice for Bitcoin investors, navigating through competitive pressures, regulatory hurdles, and the need to rebuild investor trust.
#GRAYSCALE #gbtc #CryptoNewsđđ„
The renewed interest in GBTC, totaling $63 million, likely stems from the overall positive momentum in the cryptocurrency markets, with Bitcoin's price surging from $56,000 to $65,000 in early May.
đ Despite this boost, Grayscale remains proactive, introducing a new investment product, the "Bitcoin Mini Trust," with lower fees, and seeking SEC approval for an Ethereum ETF, a process that might be expedited due to similarities with Bitcoin's regulatory path.
đ However, competition in the Bitcoin ETF space is fierce, and it's unclear if GBTC's recent upturn signals a short-term response or sustained recovery.
đŒ GBTC's ability to reclaim its former status depends on various factors, including the success of its Mini Trust, regulatory outcomes for its Ethereum ETF, and ongoing gains in the cryptocurrency market.
đ Recent bankruptcies in the cryptocurrency sector have also added to GBTC's challenges, with companies selling off GBTC shares to meet debt obligations, further highlighting the volatile market environment.
đ As Bitcoin continues its recovery post-halving, GBTC must seize this opportunity to regain its position as a leading choice for Bitcoin investors, navigating through competitive pressures, regulatory hurdles, and the need to rebuild investor trust.
#GRAYSCALE #gbtc #CryptoNewsđđ„
The quantitative trading company Susquehanna International Group purchased more than $1.1 billion worth of #bitcoin ETFs in the first quarter of 2024, holding approximately $1.09 billion in $GBTC, $83.74 million in $FBTC and increased its holdings of ProShares BITO shares to 7,907,827 shares.
#BTC #newsdaily #CryptoNewsđđ„ $BTC #GRAYSCALE
#BTC #newsdaily #CryptoNewsđđ„ $BTC #GRAYSCALE
Market Update: $152M BTC Shift đ
In the latest market news, #GRAYSCALE has made a notable move by transferring a massive 2,912.272 #BTC⏠to Coinbase Prime
#TrendingTopic #Write2Earn⏠#BTC/Update
In the latest market news, #GRAYSCALE has made a notable move by transferring a massive 2,912.272 #BTC⏠to Coinbase Prime
#TrendingTopic #Write2Earn⏠#BTC/Update
JUST IN: đ„ Grayscale sends about 19,000 Bitcoin to Coinbase this morning as the US markets open đ„
This is a breaking news headline about a large transfer of Bitcoin from Grayscale, the owner of the Grayscale Bitcoin Trust (GBTC), to Coinbase, a popular cryptocurrency exchange.
The transfer coincides with the opening of the US stock markets, which may affect the price of Bitcoin.
Grayscale has been sending a significant amount of Bitcoin to Coinbase since the launch of Bitcoin spot exchange-traded funds (ETFs) on January 12, 2024.
This could indicate that investors are shifting their capital from GBTC, which has a high expense ratio of 1.5%, to other lower-cost spot Bitcoin ETFs, such as BlackRockâs IBIT and Fidelityâs FBTC. Some analysts also suggest that the outflows from GBTC may be due to profit-taking following the ETF conversion.
The Bitcoin price has been fluctuating in response to these developments, dropping by 8% since the commencement of ETF trading. However, it has recently found support at $42,000 and is currently trading at $43,1001.
The future of Bitcoin and the cryptocurrency market remains uncertain, as many factors could influence the supply and demand of the digital asset. Opportunity to some hodler.
$BTC $ETH $BNB
#GRAYSCALE
This is a breaking news headline about a large transfer of Bitcoin from Grayscale, the owner of the Grayscale Bitcoin Trust (GBTC), to Coinbase, a popular cryptocurrency exchange.
The transfer coincides with the opening of the US stock markets, which may affect the price of Bitcoin.
Grayscale has been sending a significant amount of Bitcoin to Coinbase since the launch of Bitcoin spot exchange-traded funds (ETFs) on January 12, 2024.
This could indicate that investors are shifting their capital from GBTC, which has a high expense ratio of 1.5%, to other lower-cost spot Bitcoin ETFs, such as BlackRockâs IBIT and Fidelityâs FBTC. Some analysts also suggest that the outflows from GBTC may be due to profit-taking following the ETF conversion.
The Bitcoin price has been fluctuating in response to these developments, dropping by 8% since the commencement of ETF trading. However, it has recently found support at $42,000 and is currently trading at $43,1001.
The future of Bitcoin and the cryptocurrency market remains uncertain, as many factors could influence the supply and demand of the digital asset. Opportunity to some hodler.
$BTC $ETH $BNB
#GRAYSCALE
The #Bitcoinâïž ETFs saw a net inflow of $217 million yesterday đ
#GRAYSCALE had its second consecutive day of inflow!
This looks very Bullish !
#GRAYSCALE had its second consecutive day of inflow!
This looks very Bullish !
Bitcoin Surges Past $57,000: Riding the Waves of a Bullish Revival
What a rollercoaster ride it's been for #Bitcoin⏠this week! It charged past the $57,000 mark like a bull in a china shop during its first trading session, signaling a strong comeback from a slow period. Currently, it's taken a slight dip to $56,100, but still boasts an impressive 9% increase from the day before.The #BullishRise trend from 2023 to 2024 is showing no signs of slowing down, thanks to consecutive 5% upswings on Tuesday and Monday. Monday's trading session in the United States saw Bitcoin reclaiming heights not seen since November 2021, starting at over $53,000 and surging all the way to $57,000 in a blink during the late evening and early Asian hours.The rapid ascent is evident from CoinGlass data, showing about $250 million worth of holdings liquidated on Monday alone, with $120 million more on February 27th.Investors were buzzing, especially in U.S.-based spot bitcoin ETFs, which saw record-breaking activity, hitting a whopping $2.4 billion in trading volume on Monday, excluding #GRAYSCALE GBTC. Even Donald Trump, the former president and potential 2024 candidate, hinted at a shift in attitude by saying he could "live with" $BTC , possibly signaling wider acceptance in politics.Meanwhile, Michael Saylor, a prominent Bitcoin advocate, led MicroStrategy in another significant Bitcoin purchase, adding 3,000 Bitcoin to their already hefty stash of 193,000. Institutional and retail interest surged, with around $600 million pouring into cryptocurrency investment products last week, especially into newly authorized Bitcoin investment avenues.The market responded with gusto, with cryptocurrency-related stocks skyrocketing. Microstrategy and Coinbase saw a 16% boost, while major Bitcoin miners Riot Platforms and Marathon Digital enjoyed gains of 15% and 20% respectively.Nikolaos Panigirtzoglou from JPMorgan pointed out the renewed interest among retail investors in crypto assets in February, attributing it to key factors like the Bitcoin halving, anticipation around the #Ethereum(ETH) technology update, and the potential approval of spot ether #ETFs. , all contributing to the upward price momentum.
đ Grayscale announces the launch of the "Grayscale Bitcoin Mini Trust," a more affordable version of its Bitcoin trust, with a fee of just 0.15%.
đŒ This move aims to strengthen its position amid market volatility and the upcoming Bitcoin halving event.
đ° Spot Bitcoin ETFs in the U.S. are regaining investor interest, with a collective inflow of $62 million on April 22, 2024, according to SoSoValue data.
đ Leading the pack, the Fidelity Wise Origin Bitcoin Fund (FBTC) attracted the highest inflow of $34.83 million, with other funds also performing well.
đ However, the Grayscale Bitcoin Trust ETF (GBTC) saw outflows of about $35 million, despite overall positive inflows in spot Bitcoin ETFs, indicating a broader recovery in investor confidence.
đŒ BlackRockâs iShares Bitcoin Trust ETF (IBIT) maintains a 69-day streak of net inflows as of April 23, 2024, with an average daily inflow of $223.4 million in April.
đĄ Grayscale's move to launch the low-cost Bitcoin Mini Trust aims to reverse negative trends, making it competitive against cheaper offerings from firms like BlackRock and Fidelity.
đ The introduction of the Bitcoin Mini Trust signifies Grayscale's bid to regain market share and attract new investments amidst intense competition in the Bitcoin ETF arena.
#GRAYSCALE #bitcoinhalving #Token2049
đŒ This move aims to strengthen its position amid market volatility and the upcoming Bitcoin halving event.
đ° Spot Bitcoin ETFs in the U.S. are regaining investor interest, with a collective inflow of $62 million on April 22, 2024, according to SoSoValue data.
đ Leading the pack, the Fidelity Wise Origin Bitcoin Fund (FBTC) attracted the highest inflow of $34.83 million, with other funds also performing well.
đ However, the Grayscale Bitcoin Trust ETF (GBTC) saw outflows of about $35 million, despite overall positive inflows in spot Bitcoin ETFs, indicating a broader recovery in investor confidence.
đŒ BlackRockâs iShares Bitcoin Trust ETF (IBIT) maintains a 69-day streak of net inflows as of April 23, 2024, with an average daily inflow of $223.4 million in April.
đĄ Grayscale's move to launch the low-cost Bitcoin Mini Trust aims to reverse negative trends, making it competitive against cheaper offerings from firms like BlackRock and Fidelity.
đ The introduction of the Bitcoin Mini Trust signifies Grayscale's bid to regain market share and attract new investments amidst intense competition in the Bitcoin ETF arena.
#GRAYSCALE #bitcoinhalving #Token2049
Feb 23 Update on #BitcoinETFđ°đ°đ° Movements
#GRAYSCALE has trimmed their holdings, with a reduction of 3,929 $BTC , amounting to roughly $200M. Meanwhile, 8 ETFs are on a buying spree, collectively adding 5,781 $BTC valued at $294.3M. Notably, #Fidelity alone has scooped up 3,061 $BTC , investing about $155.8M. The #BTCETF space is heating up with these substantial shifts in Bitcoin allocations
#Write2Earn
#GRAYSCALE has trimmed their holdings, with a reduction of 3,929 $BTC , amounting to roughly $200M. Meanwhile, 8 ETFs are on a buying spree, collectively adding 5,781 $BTC valued at $294.3M. Notably, #Fidelity alone has scooped up 3,061 $BTC , investing about $155.8M. The #BTCETF space is heating up with these substantial shifts in Bitcoin allocations
#Write2Earn
đąGrayscale has sold 52,000 Bitcoin since the launch of the Spot Bitcoin ETF equivalent to approx: $2B in a single weekđ„Č
#BTC #GRAYSCALE #cryptocurrecny #BTC $BTC
#BTC #GRAYSCALE #cryptocurrecny #BTC $BTC
