Trust

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…

Hex Trust Group is launching a stablecoin in partnership with Flare. The stablecoin is billed to drive utility to the broader DeFi ecosystem. Flare Networks, a prominent partner to Ripple Labs Inc has announced a partnership with digital asset custodian Hex Trust Group for USDX stablecoin integration. Flare’s Plans for USDX Stablecoin Launch According to the announcement, the USDX stablecoin is designed to help push the Flare ecosystem forward. Based on the partnership agreement, Hex Trust will use its tokenization…

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…

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…

Bitcoin’s (BTC) value de­clined sharply, dropping around 15% over the past we­ek. This unanticipated fall has caused unre­st among traders and investors, who were­ optimistic following a recent upswing. Now, analysts are conte­mplating when the market might stabilize­ and initiate recovery.  De­spite this downturn; Bitcoin has exhibited re­silience, with signs of a potential re­bound. Meanwhile, The Graph (GRT), a pivotal player in blockchain data inde­xing, has demonstrated promising growth during this period. Likewise, InQubeta (QUBE) has achie­ved noteworthy progress by…

The post AIBlock’s Breakthrough: Enabling Trust and Transparency in the Digital Age  appeared first on Coinpedia Fintech News Crypto, in many regards, has failed, but blockchain is just beginning. In the volatile world of crypto, contrary to Satoshi, the creator of Bitcoin’s vision to change the financial status quo for the better, the crypto industry has evolved into gambling, Ponzi schemes or in some cases just outright fraud. Developers instead build projects that are far from the genuine concerns of…

BlackRock IBIT is closing the gap against Grayscale Investments in terms of Bitcoin holdings. Spot Bitcoin ETF momentum is growing with a visible impact on BTC price. The competition amongst issuers of the spot Bitcoin Exchange-Traded Fund fighting for Bitcoin dominance is intensifying as BlackRock inc’s iShares Bitcoin Trust (IBIT) gets close to being equal to Grayscale’s Bitcoin Trust (GBTC).  Recent data from Bitcoin ETF tracker Apollo reveals that the amount of Bitcoin held by IBIT is getting close to…

[PRESS RELEASE – Istanbul, Turkey, April 11th, 2024] Mayan’s innovative auction protocol attracts support from leading builders Anatoly Yakovenko, co-founder of Solana, Saeed Badreg, co-founder of Wormhole and more Mayan, the pioneer in auction-based cross-chain swaps, announced today the successful closure of a $3 million Seed Round co-led by 6th Man Ventures (6MV) and Borderless Capital. Notable participants in the round include Solana Ventures, Hash3, Big Brain Holdings, Arrington Capital, and Wormhole Cross-Chain Ecosystem Fund as well as notable angels…

[PRESS RELEASE – Berlin, Germany, April 11th, 2024] Nektar Network – the multilayered Re-staking network is designed to optimize Ethereum’s security model while scaling distributed solutions, paving the way for more decentralized infrastructure. The team behind Diva Staking unveils the Nektar Network, a pioneering restaking ecosystem poised to redefine the Ethereum trust model and extend its utility across distributed systems. The Nektar Network launches with a vision to democratize Ethereum’s validation process while addressing the challenges of centralization and resilience.…