Graysacle
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Grayscale, Coinbase sit down with SEC over spot Ether ETF
Grayscale and Coinbase met with the SEC on March 6 to address concerns about the conversion of Grayscale’s Ethereum Trust into a spot ETF.
Crypto firms Grayscale and Coinbase recently met with United States Securities and Exchange Commission (SEC) officials to discuss a rule change for the launch of spot Ether exchange-traded funds (ETFs).
Grayscale is seeking to convert its Ethereum Trust — which tracks the market price of Ether into an ETF, similar to the conversion of its Bitcoin Trust to an ETF in January. The meeting, held on March 6, followed the end of the commenting period for the proposal and addressed concerns about possible market manipulation should the fund be approved.
According to a presentation shared by the SEC, Coinbase argued that the same reasoning that led to the approval of Bitcoin ETFs should be applied to Ether since the token has “mechanisms that significantly limit ETH’s susceptibility to fraud and manipulation.”
Another presentation point relates to Coinbase’s surveillance-sharing agreement with the Chicago Mercantile Exchange (CME). The mechanism was implemented for Bitcoin ETFs at the request of the SEC to improve trading monitoring.
Grayscale is also proposing a second ETF for Ether futures trading. The main difference between spot and futures markets is that spot market assets are traded immediately, whereas, in the futures market, contracts are made to buy or sell assets at a future date for a specific price.
#Etherrum #ETH✅ #Coinbase. #Graysacle
Grayscale and Coinbase met with the SEC on March 6 to address concerns about the conversion of Grayscale’s Ethereum Trust into a spot ETF.
Crypto firms Grayscale and Coinbase recently met with United States Securities and Exchange Commission (SEC) officials to discuss a rule change for the launch of spot Ether exchange-traded funds (ETFs).
Grayscale is seeking to convert its Ethereum Trust — which tracks the market price of Ether into an ETF, similar to the conversion of its Bitcoin Trust to an ETF in January. The meeting, held on March 6, followed the end of the commenting period for the proposal and addressed concerns about possible market manipulation should the fund be approved.
According to a presentation shared by the SEC, Coinbase argued that the same reasoning that led to the approval of Bitcoin ETFs should be applied to Ether since the token has “mechanisms that significantly limit ETH’s susceptibility to fraud and manipulation.”
Another presentation point relates to Coinbase’s surveillance-sharing agreement with the Chicago Mercantile Exchange (CME). The mechanism was implemented for Bitcoin ETFs at the request of the SEC to improve trading monitoring.
Grayscale is also proposing a second ETF for Ether futures trading. The main difference between spot and futures markets is that spot market assets are traded immediately, whereas, in the futures market, contracts are made to buy or sell assets at a future date for a specific price.
#Etherrum #ETH✅ #Coinbase. #Graysacle
📊 $BTC #ETF How outflows from #Graysacle (bottom scale of the chart) were gradually overlapping with inflows into new spot Bitcoin-ETFs
JUST IN: Grayscale’s email notification shows that private placement subscriptions for some cryptocurrency trusts have been opened to accredited investors, including Grayscale Bitcoin Cash Trust, Grayscale Chainlink Trust, Grayscale Litecoin Trust, Grayscale Solana Trust, and Grayscale Stellar Lumens Trust. Subscriptions will be based on net asset value.
#Write2Earn #Graysacle #Bitcoin
#Write2Earn #Graysacle #Bitcoin
JUST IN:
Grayscale CEO tells CNBC there is "tremendous investor demand" for spot #Bitcoin ETFs 🐂.
Follow for the latest in this space
#TrendingTopic #BTC #ETFs. #Graysacle
Grayscale CEO tells CNBC there is "tremendous investor demand" for spot #Bitcoin ETFs 🐂.
Follow for the latest in this space
#TrendingTopic #BTC #ETFs. #Graysacle
Grayscale Bitcoin Trust just had $63m INFLOWS for the first time since Bitcoin ETFs were launched on January 11!
The 77 day streak of outflows has been broken.
#BlackRock #Graysacle $BTC
The 77 day streak of outflows has been broken.
#BlackRock #Graysacle $BTC
BIG BREAKING: US Spot #BitcoinETF💰💰💰 Saw Highest Net Inflow $310.20M (+5410 BTC) After 38 Days
#Graysacle saw + $23M Inflow
#BlackRock saw +$120M Inflow
Total Value Traded : $1.15 Billion ( As of 12 July )
Total Net Assets ~ &52 Billion in spot Etfs
US Bitcoin ETFs Bought 5,410 $BTC Yesterday
Whivh is Equal to Approximately 12 days supply .
#Graysacle saw + $23M Inflow
#BlackRock saw +$120M Inflow
Total Value Traded : $1.15 Billion ( As of 12 July )
Total Net Assets ~ &52 Billion in spot Etfs
US Bitcoin ETFs Bought 5,410 $BTC Yesterday
Whivh is Equal to Approximately 12 days supply .
JUST IN:
Total spot #Bitcoin ETF trading volume surpasses $3.24 billion today:
• BlackRock: $1,318,226,580
• Grayscale: $843,654,199
• Fidelity: $587,327,032
• Ark Invest: $265,647,305
• Bitwise: $83,248,930
• Invesco: $60,072,480
• WisdomTree: $37,426,253
• VanEck: $23,984,634
• Franklin: $21,911,626
• Valkyrie: $6,938,398
• Hashdex: $217,096
#TrendingTopic #BlackRlock #Graysacle #Fidelity
Total spot #Bitcoin ETF trading volume surpasses $3.24 billion today:
• BlackRock: $1,318,226,580
• Grayscale: $843,654,199
• Fidelity: $587,327,032
• Ark Invest: $265,647,305
• Bitwise: $83,248,930
• Invesco: $60,072,480
• WisdomTree: $37,426,253
• VanEck: $23,984,634
• Franklin: $21,911,626
• Valkyrie: $6,938,398
• Hashdex: $217,096
#TrendingTopic #BlackRlock #Graysacle #Fidelity
Right after Bitcoin ETFs started trading on January 11, the $BTC price fell almost 15% due to massive $GBTC outflows.
This negative flow streak by Grayscale peaked at $641 million on January 22, after which the outflows diminished, causing the Bitcoin price to reverse and surge 85% to $73,000 over the following month and a half.
Now, just after the launch of $ETH ETFs, Grayscale is selling again through its $ETHE. Will history repeat itself?
#ETFEthereum #EtheruemETF #Graysacle #ETHETFsApproved #ETF_ETH
This negative flow streak by Grayscale peaked at $641 million on January 22, after which the outflows diminished, causing the Bitcoin price to reverse and surge 85% to $73,000 over the following month and a half.
Now, just after the launch of $ETH ETFs, Grayscale is selling again through its $ETHE. Will history repeat itself?
#ETFEthereum #EtheruemETF #Graysacle #ETHETFsApproved #ETF_ETH
🚨🔥Certainly! Grayscale Investments recently launched two exciting cryptocurrency investment trusts: the Grayscale Bittensor Trust and the Grayscale Sui Trust. Let's dive into the details:
1. Grayscale Bittensor Trust:
This trust focuses on the intersection of decentralized artificial intelligence (AI)** and blockchain technology.
Bittensor is a project that aims to create an AI infrastructure on the blockchain, allowing developers to build and deploy AI models in a decentralized manner.
Investors in this trust gain exposure to Bittensor's potential growth as it bridges AI and blockchain.
🌟 Attractive Pattern: Imagine a neural network diagram intertwined with blockchain blocks, symbolizing the fusion of AI and decentralized technology.
2. Grayscale Sui Trust:
The Sui Trust is all about investing in the Sui protocol, which operates on a high-performance layer-1 smart contract blockchain.
Sui aims to enable scalable and efficient smart contracts, making it an exciting addition to the crypto landscape.
🌟 Attractive Pattern: Picture a blockchain highway with smart contract symbols speeding toward the future, representing Sui's promise of scalability and innovation.
Remember, these trusts provide accredited investors with targeted exposure to cutting-edge sectors where AI and blockchain meet. 🚀🔗#Write2Earn! #TipMeAndRich #needytrader #Graysacle #SupportNeeded
1. Grayscale Bittensor Trust:
This trust focuses on the intersection of decentralized artificial intelligence (AI)** and blockchain technology.
Bittensor is a project that aims to create an AI infrastructure on the blockchain, allowing developers to build and deploy AI models in a decentralized manner.
Investors in this trust gain exposure to Bittensor's potential growth as it bridges AI and blockchain.
🌟 Attractive Pattern: Imagine a neural network diagram intertwined with blockchain blocks, symbolizing the fusion of AI and decentralized technology.
2. Grayscale Sui Trust:
The Sui Trust is all about investing in the Sui protocol, which operates on a high-performance layer-1 smart contract blockchain.
Sui aims to enable scalable and efficient smart contracts, making it an exciting addition to the crypto landscape.
🌟 Attractive Pattern: Picture a blockchain highway with smart contract symbols speeding toward the future, representing Sui's promise of scalability and innovation.
Remember, these trusts provide accredited investors with targeted exposure to cutting-edge sectors where AI and blockchain meet. 🚀🔗#Write2Earn! #TipMeAndRich #needytrader #Graysacle #SupportNeeded
Top companies holding largest stock of #BTC☀
#BlackRock
#Graysacle
Microstrategy
Fidelity
Tether
For more and latest crypto news join us at ❌👉 #Imtiazzavi
#BlackRock
#Graysacle
Microstrategy
Fidelity
Tether
For more and latest crypto news join us at ❌👉 #Imtiazzavi
🚨 Top 12 Crypto News in The Last Couple of Hours
1️⃣Hong Kong Bitcoin Spot #ETFs See Significant Inflows This Week
2️⃣#AIIB Issues $300 Million Digital Bond Using Blockchain Technology
3️⃣#Polygon Community Discord Compromised, Users Warned Against Clicking Links
4️⃣#Polar Bear Launches Bonus Plans for PBC Users
5️⃣ #Velodrome Finance Sees Significant Price Surge
6️⃣#Ethereum Layer 2 Networks See Significant Increase In Total Value Locked
7️⃣#Bitcoin(BTC) Surpasses 64,000 USDT with a 4.94% Increase in 24 Hours
8️⃣ #FWOG Sees Significant Surge, Breaks $0.028 Mark
9️⃣#BNB Drops Below 580 USDT with a 0.41% Decrease in 24 Hours
🔟#Thailand Central Bank To Announce Approved Virtual Banks In 2025
1️⃣1️⃣ #Grayscale Bitcoin Trusts Reach Significant Milestones in Asset Management
1️⃣2️⃣#Radix Announces $37 Million XRD Grant Fund for Ecosystem Development
Stay updated with the latest crypto news!
🍁 Published By: @YourCryptoMentor 🍁
#MtGoxRepayments
#Graysacle
#HongKong2024
$BTC
$ETH
$BNB
1️⃣Hong Kong Bitcoin Spot #ETFs See Significant Inflows This Week
2️⃣#AIIB Issues $300 Million Digital Bond Using Blockchain Technology
3️⃣#Polygon Community Discord Compromised, Users Warned Against Clicking Links
4️⃣#Polar Bear Launches Bonus Plans for PBC Users
5️⃣ #Velodrome Finance Sees Significant Price Surge
6️⃣#Ethereum Layer 2 Networks See Significant Increase In Total Value Locked
7️⃣#Bitcoin(BTC) Surpasses 64,000 USDT with a 4.94% Increase in 24 Hours
8️⃣ #FWOG Sees Significant Surge, Breaks $0.028 Mark
9️⃣#BNB Drops Below 580 USDT with a 0.41% Decrease in 24 Hours
🔟#Thailand Central Bank To Announce Approved Virtual Banks In 2025
1️⃣1️⃣ #Grayscale Bitcoin Trusts Reach Significant Milestones in Asset Management
1️⃣2️⃣#Radix Announces $37 Million XRD Grant Fund for Ecosystem Development
Stay updated with the latest crypto news!
🍁 Published By: @YourCryptoMentor 🍁
#MtGoxRepayments
#Graysacle
#HongKong2024
$BTC
$ETH
$BNB
🆘GRAYSCALE HAS TRANSFERRED
4000 BTC TO COINBASE AND AN
UNVERIFIED ADDRESS.
ALSO, YESTERDAY SPOT ETF HAD
ITS FIRST OUTFLOW AFTER 25 DAYS.
#Write2Earn #Graysacle #imcooladi4u
4000 BTC TO COINBASE AND AN
UNVERIFIED ADDRESS.
ALSO, YESTERDAY SPOT ETF HAD
ITS FIRST OUTFLOW AFTER 25 DAYS.
#Write2Earn #Graysacle #imcooladi4u
📉 Grayscale outflows drop to $125M in 3 days — a major shift from the initial week's $400M daily outflow.
In total, Grayscale has lost 155k $BTC since ETFs launched, or 25% of its January 10th AUM —
#BTC #Graysacle
In total, Grayscale has lost 155k $BTC since ETFs launched, or 25% of its January 10th AUM —
#BTC #Graysacle
🚨GRAYSCALE HAS TRANSFERRED 2070 BTC WORTH $99M TO COINBASE at the price of 50,000$
#Graysacle #Bitcoin #BTC #crypto #DYOR
#Graysacle #Bitcoin #BTC #crypto #DYOR
Grayscale Launches New Trust Products for Bittensor and Sui
Grayscale has introduced two new investment products: the Grayscale Bittensor Trust and the Grayscale Sui Trust. The Bittensor Trust will invest in TAO, the token for the Bittensor Protocol, which incentivizes the development of open-source AI.
The Sui Trust will focus on SUI, the token for the Sui network, a layer-1 blockchain that supports decentralized applications (DApps).
Grayscale Unveils Bittensor and Sui Trusts
Grayscale has introduced two new investment trusts: the Grayscale Bittensor Trust and the Grayscale Sui Trust. These products focus on investing in the Bittensor Protocol’s native token, TAO, and the Sui network’s native token, SUI, respectively. However, these new products are only available to eligible individuals and institutional accredited investors, not retail traders.
Rayhaneh Sharif-Askary, Grayscale’s head of product and research, expressed enthusiasm about these additions. She noted, “With the launch of Grayscale Bittensor Trust and Grayscale Sui Trust, we continue to provide investors with familiar products that enable access to tokens at the cutting edge of the crypto ecosystem’s continued evolution.”
Both new trusts operate similarly to Grayscale’s existing single-asset investment trusts, such as the Grayscale Bitcoin Trust (GBTC). They offer a way to gain exposure to these crypto assets without directly purchasing the tokens themselves.
Grayscale Ethereum Trust Sees $78M Outflow, Bullish Signs Possible
Grayscale was among the first institutions to provide institutional investors with exposure to Ether through its Grayscale Ethereum Trust, which has now transitioned into an exchange-traded fund (ETF).
On August 1, the fund experienced outflows of approximately $78 million, pushing its total outflows past $2 billion. Analysts suggest that this trend of outflows may eventually slow down, which could act as a bullish catalyst for Ether, currently trading at $2,468.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Graysacle #bittensor #SUI🔥
The Sui Trust will focus on SUI, the token for the Sui network, a layer-1 blockchain that supports decentralized applications (DApps).
Grayscale Unveils Bittensor and Sui Trusts
Grayscale has introduced two new investment trusts: the Grayscale Bittensor Trust and the Grayscale Sui Trust. These products focus on investing in the Bittensor Protocol’s native token, TAO, and the Sui network’s native token, SUI, respectively. However, these new products are only available to eligible individuals and institutional accredited investors, not retail traders.
Rayhaneh Sharif-Askary, Grayscale’s head of product and research, expressed enthusiasm about these additions. She noted, “With the launch of Grayscale Bittensor Trust and Grayscale Sui Trust, we continue to provide investors with familiar products that enable access to tokens at the cutting edge of the crypto ecosystem’s continued evolution.”
Both new trusts operate similarly to Grayscale’s existing single-asset investment trusts, such as the Grayscale Bitcoin Trust (GBTC). They offer a way to gain exposure to these crypto assets without directly purchasing the tokens themselves.
Grayscale Ethereum Trust Sees $78M Outflow, Bullish Signs Possible
Grayscale was among the first institutions to provide institutional investors with exposure to Ether through its Grayscale Ethereum Trust, which has now transitioned into an exchange-traded fund (ETF).
On August 1, the fund experienced outflows of approximately $78 million, pushing its total outflows past $2 billion. Analysts suggest that this trend of outflows may eventually slow down, which could act as a bullish catalyst for Ether, currently trading at $2,468.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Graysacle #bittensor #SUI🔥
After the approval of the Bitcoin ETF, how much capital flowed into the cryptocurrency market?
After the approval of the Bitcoin ETF, the cryptocurrency market saw an influx of funds. The ETF added a net increase of 110,000 bitcoins, bringing the total holdings to 37.21 billion US dollars. Since the ETF approval, as of February 25, 2024, the 11 Bitcoin ETFs held a total of 732,549 bitcoins, with a cumulative increase of 113,058 bitcoins. The total holdings for the Bitcoin ETF amounted to 732,000 bitcoins, with the managed fund size increasing from 28.59 billion US dollars to 37.21 billion US dollars, totaling an additional 8.6 billion US dollars in fund size.
Grayscale reduced its holdings by 175,000 bitcoins, while BlackRock acquired 127,000 bitcoins. Although the overall holdings of the Bitcoin ETF increased, the price of Bitcoin experienced a significant drop from $49,000 to $38,500 in the days following the approval of the Bitcoin ETF. This drop was primarily due to the reduction in holdings by Grayscale.
#BTC #ETF #Graysacle #BlackRock #Binance
After the approval of the Bitcoin ETF, the cryptocurrency market saw an influx of funds. The ETF added a net increase of 110,000 bitcoins, bringing the total holdings to 37.21 billion US dollars. Since the ETF approval, as of February 25, 2024, the 11 Bitcoin ETFs held a total of 732,549 bitcoins, with a cumulative increase of 113,058 bitcoins. The total holdings for the Bitcoin ETF amounted to 732,000 bitcoins, with the managed fund size increasing from 28.59 billion US dollars to 37.21 billion US dollars, totaling an additional 8.6 billion US dollars in fund size.
Grayscale reduced its holdings by 175,000 bitcoins, while BlackRock acquired 127,000 bitcoins. Although the overall holdings of the Bitcoin ETF increased, the price of Bitcoin experienced a significant drop from $49,000 to $38,500 in the days following the approval of the Bitcoin ETF. This drop was primarily due to the reduction in holdings by Grayscale.
#BTC #ETF #Graysacle #BlackRock #Binance
#Graysacle Bitcoin trust (GBTC) Witnesses Slowing Withdrawal Volumes:
Over the past few days, Grayscale’s Bitcoin Trust (GBTC) has shown a notable decline in withdrawal volumes, indicating a potential shift in investor sentiment. According to data from #BITMEX Research, on Feb. 23, #gbtc experienced withdrawals amounting to $44.2 million, marking the lowest daily volume since its transition on Jan. 11 from an over-the-counter product to an exchange-traded fund (ETF).
The trend of decreasing outflows is evident when examining the data from January onwards. By the end of January, GBTC had reported total withdrawals of $5.64 billion, with a substantial $640 million leaving on Jan. 22 alone. As February progresses, the pace of outflows has continued to slow, with a total of $1.8 billion withdrawn so far this month. Since its inception, GBTC has seen a total withdrawal of $7.4 billion.
This slowdown in withdrawals may suggest a stabilization or even a potential reversal in investor sentiment towards GBTC. It could signify a shift in strategy among investors, with some choosing to hold onto their positions rather than liquidating them. Additionally, it may reflect a growing confidence in Bitcoin and cryptocurrency markets as a whole, prompting investors to reconsider their withdrawal decisions.
While it’s essential to monitor the situation closely for further developments, the recent data indicates a notable shift in GBTC’s withdrawal patterns, potentially signaling changing dynamics within the cryptocurrency investment landscape.
#Write2Earn #TrendingTopic $BTC
Over the past few days, Grayscale’s Bitcoin Trust (GBTC) has shown a notable decline in withdrawal volumes, indicating a potential shift in investor sentiment. According to data from #BITMEX Research, on Feb. 23, #gbtc experienced withdrawals amounting to $44.2 million, marking the lowest daily volume since its transition on Jan. 11 from an over-the-counter product to an exchange-traded fund (ETF).
The trend of decreasing outflows is evident when examining the data from January onwards. By the end of January, GBTC had reported total withdrawals of $5.64 billion, with a substantial $640 million leaving on Jan. 22 alone. As February progresses, the pace of outflows has continued to slow, with a total of $1.8 billion withdrawn so far this month. Since its inception, GBTC has seen a total withdrawal of $7.4 billion.
This slowdown in withdrawals may suggest a stabilization or even a potential reversal in investor sentiment towards GBTC. It could signify a shift in strategy among investors, with some choosing to hold onto their positions rather than liquidating them. Additionally, it may reflect a growing confidence in Bitcoin and cryptocurrency markets as a whole, prompting investors to reconsider their withdrawal decisions.
While it’s essential to monitor the situation closely for further developments, the recent data indicates a notable shift in GBTC’s withdrawal patterns, potentially signaling changing dynamics within the cryptocurrency investment landscape.
#Write2Earn #TrendingTopic $BTC
Bitcoin spot ETFs closed yesterday's trading day with a $124 million plus. BlackRock received a net investment of $205 million, while there were 54 million outflows from Grayscale, 21 from Bitwise and $5.8 million from Fidelity.
Ether spot ETFs, on the other hand, closed the day with a loss of 99 million dollars under Grayscale pressure. Grayscale's main fund was $210 million in exit from ETHE, while $58 million investments were made in BlackRock, 25 dollars in Fidelity and 11 million dollars in VanEck fund.
$BTC
#BlackRock #Graysacle $ETH
Ether spot ETFs, on the other hand, closed the day with a loss of 99 million dollars under Grayscale pressure. Grayscale's main fund was $210 million in exit from ETHE, while $58 million investments were made in BlackRock, 25 dollars in Fidelity and 11 million dollars in VanEck fund.
$BTC
#BlackRock #Graysacle $ETH