Grayscale

The post Grayscale Leads as ETH ETFs Record $361 Million: Analyst Expect 20% of Bitcoin ETFs’ Day-One Volume appeared first on Coinpedia Fintech News Less than three months ago, it seemed improbable, but today it turns into reality. The first-ever spot Ethereum exchange-traded funds (ETFs) commenced trading in the U.S. on Tuesday morning at 9:30 a.m. EST. The group of newly launched Ethereum-based ETFs has posted impressive figures, with a total trading volume of $361 million within the first 90…

The latest news from Grayscale has set off a frenzy in the crypto space. In its Ethereum ETF Mini-Trust, Grayscale will waive all fees totaling up to $2B. This announcement got people making guesses about what might happen next with different Ethereum coins, whose prices have been going up and down quite significantly lately. Meanwhile, big players are accumulating Ethereum-based tokens that they believe have growth potential. We will discuss five such coins: DTX Exchange (DTX), Mantle (MNT), Arbitrum (ARB),…

Prominent asset manager Grayscale Investments is set to launch spinoffs of their Grayscale Ethereum Trust’s (ETHE) and Grayscale Bitcoin Trust (GBTC) exchange-traded funds (ETF). Following inquiries by market spectators and potential investors, Bloomberg analyst James Seyffart has provided much insight into the nature and operation of these spinoffs. Grayscale ETF Spinoff Based On 90-10% Sharing Format, Seyffart Says On Friday, James Seyffart published a thread on social media platform X, discussing vital information about Grayscale’s ETF spin-offs Grayscale Ethereum Mini…

The post Grayscale Unveils Crucial GBTC Spinoff Update appeared first on Coinpedia Fintech News Grayscale has unveiled an update regarding the Grayscale Bitcoin Trust (GBTC) spinoff to a mini Trust. The event has been scheduled to take place on July 31. Senior Bloomberg ETF Analyst James Seyffart restated the news and also noted that both the Bitcoin and Ethereum mini trusts will go live before the end of this month. In March, the spot Bitcoin ETF issuer filed with the…

The post Grayscale Launches Exclusive Decentralized AI Fund for Investors appeared first on Coinpedia Fintech News Grayscale Investments is making headlines with their new offering, the Grayscale Decentralized AI Fund. Before diving into the details, excited investors should note that this new fund is only for accredited investors. This fund promises exposure to the growing sector of decentralized artificial intelligence (AI) protocols. It includes tokens from Bittensor (TAO), Filecoin (FIL), Livepeer (LPT), Near (NEAR), and Render (RNDR), aiming to capture…

ETHE shareholders will receive ETH shares automatically in their investment accounts without needing to take any action or make any payments. The ETH Trust, aiming for a listing on NYSE Arca under the ticker “ETH,” will initially be funded by transferring 10% of Grayscale Ethereum Trust’s Ethereum holdings. Crypto asset management giant Grayscale has recently revealed that the first issuance and distribution of the shares for the Grayscale Ethereum mini-Trust will begin next week from July 18. Thus, it will…

The post Grayscale Offloads Ethereum to Cover Fees: What’s Behind the Move? appeared first on Coinpedia Fintech News Grayscale, the heavyweight in cryptocurrency investments, just made a bold move: they’ve sold off $21.75 million worth of Ethereum (ETH) to Flow Traders. But this isn’t just any transaction—it’s a strategic manoeuvre to cover management fees. This peek into Grayscale’s financial playbook unveils their savvy moves and sets the stage for some intriguing insights into their Ethereum Trust Fund.  Here’s What it…

Grayscale’s upcoming Ether ETF might see daily outflows of $110 million. Ethereum Trust’s discount to NAV has narrowed ahead of the ETF launch. Grayscale’s yet-to-launch spot Ether ETF could face substantial daily outflows if it mirrors the performance of its Bitcoin Trust conversion to an ETF. In recent research,  Kaiko analysts have estimated daily outflows at $110 million, which accounts for 30% of Ether’s average daily trading volume on Coinbase. This projection is in line with the 23% asset outflow…

BlackRock’s Bitcoin ETF has become the world’s largest Bitcoin ETF with $20 billion AUM after surpassing Grayscale Bitcoin Trust. The newly launched Bitcoin ETF has gained prominence for offering an easily accessible, simple, and cheap investment vehicle into the digital asset. Barely six months after the approval of Bitcoin spot ETFs, BlackRock has taken the lead as the world’s largest Bitcoin ETF fund after amassing over $20 billion in total assets under management. BlackRock’s iShares Bitcoin Trust (IBIT) dethroned Grayscale…