Grayscale

The US SEC is delaying its decision on Ethereum ETFs filed by BlackRock, Grayscale and Franklin Templeton. The decision is now expected in June. Market experts have been sounding the warning about the SEC’s lack of interest and engagement with prospective issuers, which indicated the agency had no interest in approving the ETFs. Grayscale and BlackRock will have to wait an extra 60 days for the decision on their Ethereum exchange-traded fund (ETF) application with the US Securities and Exchange…

The post SEC Delays Decision on Ethereum ETFs: What’s Next for Grayscale? appeared first on Coinpedia Fintech News The U.S. Securities and Exchange Commission (SEC) is still delaying its definitive ruling on the proposals for Ethereum-based Exchange Traded Funds (ETFs) even after a month of extension.  As the SEC’s deadline to decide on Ethereum ETFs looms on May 23rd, the atmosphere is filled with anxiety and speculations, particularly concerning major player Grayscale Investments’ efforts to transition its Ethereum Trust into…

The post Grayscale Submits New Proposal for Spot Ethereum ETF: Unpacking the Ethereum Mini Trust appeared first on Coinpedia Fintech News In a significant move that could reshape the current negative stigma prevailing about the unlikely approval of spot Ethereum ETFs by the US SEC, Grayscale Investments has officially announced its submission of an S-1 filing for the Grayscale Ethereum Mini Trust, on April 23, 2024.  Detailed Breakdown of the Proposed Ethereum Mini Trust Grayscale’s proposal involves the creation of…

Grayscale introduces the Bitcoin Mini Trust ETF with a remarkably low fee of 0.15%. This strategic launch may influence the Bitcoin price trajectory, potentially driving it toward $80,000. In a recent update from Binance, it was revealed that Grayscale is launching a new investment vehicle, the Bitcoin Mini Trust ETF, boasting the lowest fee among spot Bitcoin ETFs at just 0.15%. This initiative is set to enhance Grayscale’s product offering by reallocating 10% of the assets from the existing Grayscale…

Grayscale Bitcoin Trust (GBTC) recorded its lowest net outflow of $17.5 million for the first time since its conversion to a spot Bitcoin exchange-traded fund (ETF) on Wednesday, according to Farside Investors data. This follows a statement by Grayscale Investments CEO Michael Sonnenshein that the company’s fund is close to a point of “equilibrium” regarding its outflows. GBTC Outflows Slow Down According to data from Farside, GBTC experienced combined net outflows exceeding $450 million on Monday and Tuesday, contributing to…

Grayscale CEO Michael Sonnenshein predicted that outflows from the Grayscale Bitcoin exchange-traded fund (GBTC) will stabilize and reach an equilibrium. Grayscale has been facing stiff competition in the spot Bitcoin exchange-traded fund (ETF) market since January, when the U.S. Securities and Exchange Commission (SEC) approved the product. Grayscale CEO Sees Outflows Reducing According to Sonnenshein, in a recent Reuters podcast, some of Grayscale’s outflows were due to selling linked to the bankruptcy settlements of FTX and other defunct crypto companies.…

The post Grayscale Liquidated Cardano To Increase XRP, Now Hold 16.7M XRP, Price To Surge Soon  appeared first on Coinpedia Fintech News Grayscale Investments, a leading crypto asset manager, has recently made significant adjustments to its Digital Large Cap (DLC) Fund, drawing attention to its strategic reallocation of assets.  In a surprising move, Grayscale divested from Cardano (ADA) and redirected the proceeds towards acquiring XRP and other existing assets. This decision has sparked curiosity within the crypto community, particularly regarding…

The Cardano (ADA) price is experiencing a notable decrease, dropping by 12% since the start of the week, with a 2.6% dip recorded today alone. Despite this, with a market capitalization of $20.27 billion, ADA maintains its position as the 9th largest cryptocurrency. This recent downturn comes amidst a broader crypto market experiencing mostly sideways to downward movement, with ADA recording more significant losses compared to its peers like ETH, which is down by 7.4%, BNB by 6.4%, Solana by…

As a routine measure, the SEC has opened for public comments on the proposed Ethereum ETFs from Grayscale, Fidelity, and Bitwise. Although there is increasing concern about the status of ETH according to experts this might not hinder the approval of its ETF. The U.S. SEC has opened comments on the proposed Ethereum ETFs from Grayscale, Fidelity, and Bitwise. The comments apply to the proposed rule change that two exchanges – Cboe BZX and NYSE Arca – will list and…