Grayscale

American multinational investment company BlackRock, has recently achieved a monumental milestone, recording over $20 billion in total assets. The BlackRock Spot Bitcoin ETF has successfully surpassed Grayscale to become the largest Bitcoin fund in the world.  BlackRock Overtakes Grayscale  BlackRock iShares Bitcoin Trust has recently become the world’s largest Bitcoin fund, overtaking its primary rival, Grayscale Bitcoin Trust (GBTC).  As of Tuesday, May 28, BlackRock’s Spot Bitcoin ETF held around $19.68 billion in Assets Under Management (AUM), overthrowing Grayscale’s Bitcoin…

A recent market report by research firm Kaiko noted how Grayscale’s Spot Ethereum ETF could have a negative impact on Ethereum’s (ETH) price. This is based on the firm’s expectations that Grayscale’s Ethereum Trust (ETHE) could follow a similar path to Grayscale’s Bitcoin Trust (GBTC). Ethereum Could Face Significant Selling Pressure From Grayscale’s Outflows Kaiko noted that Ethereum could face significant selling pressure from Grayscale’s ETHE once the Spot Ethereum ETFs begin trading. This is because the fund has been…

The post Grayscale Appoints Peter Mintzberg As The New CEO appeared first on Coinpedia Fintech News Grayscale Investment, the world’s largest crypto asset manager has announced the appointment of Peter Mintzberg as the CEO, effective from August 15, 2024, as Michel Sonnenshein stepped down. Mintzberg has over 20 years of experience with global expertise. , Mintzberg has deep knowledge across a broad base of client types and asset classes and is joining from Goldman Sachs. Before that, he held leadership…

The post BlackRock Poised to Overtake Grayscale as Largest Bitcoin Fund Manager appeared first on Coinpedia Fintech News BlackRock is set to surpass Grayscale as the largest bitcoin fund manager, with its spot bitcoin ETF reaching $16.7 billion in assets in just four months. This rapid growth narrows the gap with Grayscale, which peaked at $28 billion. BlackRock’s shift towards cryptocurrencies reflects the growing demand from clients and the expanding digital asset market, a stark change from the earlier skepticism…

The post Grayscale Bitcoin ETF Outflows Cancels Out Its $66.9M Inflows In Just 2 Days appeared first on Coinpedia Fintech News The Grayscale Bitcoin ETF has nullified its substantial inflows of $66.9 million in just two days as it failed to continue the inflow momentum since then. It recorded outflows worth $28.6 million and $43.4 million on May 7 and May 9. The rest of the spot Bitcoin ETFs recorded positive or no investments in the time frame. On average,…

Grayscale Investments, the issuer of one of the recently approved spot Bitcoin exchange-traded funds (ETFs) in the US, saw flat revenues in the first quarter of the year due to its decision to maintain fees on its flagship Grayscale Bitcoin Trust ETF (GBTC).  Grayscale Exceeds Expectations Despite Outflows According to a shareholder letter from its parent company, Digital Currency Group (DCG), the operator of the Grayscale Bitcoin Trust recorded $156 million in revenue, showing little change from the previous quarter.…

The post Grayscale Unexpected Withdrawal From ETH Futures Application appeared first on Coinpedia Fintech News Grayscale has shockingly withdrawn its Ethereum futures ETF application. Bloomberg ETF James Seyffart refers to the move as ‘trojan horse’ strategy that he suggested of Grayscale replicating similar circumstances that led to GBTC Bitcoin ETF approval, while Grayscale totally took a step back. Seyfartt speculates that the move could be influenced by SEC to withdraw the application. As per Eleanor Terett, SEC’S continued delay for…

Bitcoin’s price spiked after the US jobs report was dismal, suggesting that the Federal Reserve would be easing. As interest in US Bitcoin ETFs grows internationally, Grayscale’s Bitcoin ETF sees inflows for the first time in 77 days. Today, investors in Bitcoin (BTC) saw a sharp rise in the value of the cryptocurrency, which surged to $63,261.61—a 6.63% increase in only one day. Given that Bitcoin’s price also increased somewhat by 0.60% during the previous week, indicating a tentative reversal…

Grayscale experiences a record prolonged outflow caused by higher fees forcing investors to migrate to rival ETFs.  Grayscale CEO assures a possible fee reduction as the market matures, and claims the Fund has started to reach a little equilibrium.  The tide of assets fleeing the Grayscale’s Bitcoin Trust (GBTC) Fund sets an unprecedented prolonged record of 72 days, appearing to be in stark contrast to the nine other approved spot Bitcoin ETFs. This has been the case since the conversion…