Grayscale Investments | ForkLog

ForkLog 10 22.02.2024

Experts Warn of Risks in Spot Ethereum ETFs

Potential exchange-traded funds based on the second-largest cryptocurrency, which will lock assets in staking, pose risks to the Ethereum ecosystem, according to a report by S&P Global Ratings. Experts suggest that spot ETH-ETFs could become “large enough to alter the concentration of validators in the network for better or worse.” Analysts believe that potential issuers […]

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ForkLog 15 12.02.2024

Grayscale Anticipates Positive Bitcoin Market Structure Post-Halving

Fundamental shifts in supply and demand dynamics, alongside other factors, are likely to positively influence Bitcoin prices following the halving, according to Grayscale. NEW REPORT: fundamental onchain activity and positive market structure updates could make the spring 2024 $BTC halving fundamentally different from the ones that came before. pic.twitter.com/SIjBg11cpV — Grayscale (@Grayscale) February 9, 2024 […]

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ForkLog 20 12.02.2024

Cryptocurrency Firms Skip Super Bowl Advertising

Leading cryptocurrency companies have opted not to apply for advertising slots during the Super Bowl, according to Fox Business. Notably, issuers of spot Bitcoin ETFs, BlackRock and Grayscale, did not promote their products, as there were no available slots following the approval by the SEC of these instruments. The main sporting and television event in […]

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ForkLog 6 05.02.2024

Bitcoin ETFs by BlackRock and Fidelity Among Top 10 in US for Inflows

In January, Bitcoin exchange-traded funds (ETFs) from BlackRock and Fidelity ranked among the top ten US ETFs by asset inflows, collectively amassing $4.8 billion. Two spot bitcoin ETFs among top 10 of *all* ETF inflows in January… Never thought I’d see the day. via @MorningstarInc pic.twitter.com/o7L5CEu5Ef — Nate Geraci (@NateGeraci) February 3, 2024 According to […]

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ForkLog 6 30.01.2024

Bitcoin ETFs Acquire $6.52 Billion in BTC, Challenging GBTC

As of January 29, nine spot Bitcoin ETFs launched since January 11 hold 150,846 BTC ($6.52 billion), according to K33 Research. January 30 150,000 BTC is held by the new ETFs — in less than three weeks! Significant slowdown of GBTC outflows led yesterday to see the strongest daily U.S. spot flows since January 17. […]

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ForkLog 6 27.01.2024

Grayscale Predicts Possible Approval Timeline for Ethereum ETF

The U.S. Securities and Exchange Commission (SEC) is likely to approve an ETF based on the spot price of Ethereum by the summer of 2024, according to Craig Salm, head of the legal department at Grayscale. As @CraigSalm explained on @BizBriefing earlier this month, we believe that uplisting $ETHE to a spot Ethereum ETF is […]

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ForkLog 10 23.01.2024

FTX Offloads $908 Million in GBTC Shares Amid Bankruptcy Proceedings

FTX sold $908 million worth of GBTC shares. Outflows from GBTC have surged to $3.45 billion. Panic selling has emerged, yet the market remains relatively balanced. Amid bankruptcy proceedings, FTX has offloaded 22.3 million shares of GBTC valued at approximately $908 million as of January 11. This was reported by CoinDesk, citing informed sources. FTX’s […]

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ForkLog 15 22.01.2024

Mike Novogratz Downplays GBTC Sales Impact on Bitcoin’s Future

Most investors liquidating positions in Grayscale’s GBTC will redirect funds into other bitcoin ETFs, neutralizing the current weakness of the leading cryptocurrency, according to Galaxy Digital CEO Mike Novogratz. I disagree with this. While I think people will sell GBTC, I think most will switch into other ETFs — $BTCO being my favorite !! Let’s […]

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ForkLog 38 19.01.2024

Grayscale CEO Predicts Failure for Most Bitcoin ETFs

The majority of the 11 spot bitcoin ETFs approved by the U.S. Securities and Exchange Commission (SEC) are likely to fail, according to Grayscale CEO Michael Sonnenshein in a conversation with CNBC. He believes that only “two or three exchange-traded funds might achieve some critical mass.” “I do not think that ultimately the market will […]

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ForkLog 6 15.01.2024

JPMorgan Predicts Shift from GBTC to Other Bitcoin ETFs

Registered spot Bitcoin ETFs could attract up to $36 billion from other crypto products like the Grayscale Bitcoin Trust (GBTC), according to a forecast by JPMorgan, reports CoinDesk. Analysts did not provide an estimate for “fresh” inflows into these instruments. They described the market’s reaction to the decision by the SEC to approve the products […]

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ForkLog 6 11.01.2024

BlackRock’s Spot Bitcoin ETF Trades at a 25% Premium

During the pre-market session on January 11, ahead of its Nasdaq debut, BlackRock’s spot Bitcoin ETF (IBIT) exceeded its NAV by 25.6%. Source: Finance.Yahoo. On the evening of January 10, the U.S. Securities and Exchange Commission (SEC) announced the approval of 11 applications for spot exchange-traded funds based on the leading cryptocurrency. BlackRock was among […]

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ForkLog 8 08.01.2024

Grayscale’s Proposed Bitcoin ETF Management Fee Surprises Analysts

In an updated S-3 form, Grayscale has reduced its management fee from 2% to 1.5% as part of the proposed conversion of its Bitcoin Trust into a spot ETF. Experts compared this with offerings from other potential issuers of similar products. Bloomberg analyst James Seyffart noted that the lowest rate of 0.24% was proposed by […]

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