GRAYSCALE
Bitcoin price prediction: BTC USD could crash to $68,000 before recovery - here's what analysts expect
Bitcoin price prediction: BTC USD is struggling to recover after briefly falling below $75,000, with analysts warning that another decline could come before a sustained rebound. While some see potential downside towards $73,400, a more bearish forecast points to $68,000. Spot Bitcoin ETF outflows have added to market pressure.
Bitcoin price today crashes to 5-week low: Why is BTC USD near $77,000 amid crypto exchange Binance hack reports
Bitcoin price today: BTC USD fell to a five-week low of $76,301 on Friday as $1.49 billion in leveraged crypto positions were liquidated. With long traders bearing most of the losses, BTC faces pressure below key technical levels even as US spot Bitcoin ETFs recorded net inflows. A reported Binance security breach added to market concerns.
Zcash soars 3,000%: Why Bitcoin billionaires are betting on the privacy coin
Zcash has surged about 3,000% over the past year, attracting investment from the Winklevoss twins and Barry Silbert. Their mining operations and ETF plans are expanding as renewed interest in crypto privacy brings fresh attention to the token, alongside security and regulatory concerns.
Grayscale's application for ethereum futures ETF withdrawn
Crypto asset manager Grayscale Investments' proposal for an exchange-traded fund tied to ether futures was withdrawn last week, according to a Tuesday notice from the U.S. Securities and Exchange Commission.
Grayscale CEO sees bitcoin ETF outflows reaching equilibrium
Grayscale Bitcoin Trust navigates stabilizing outflows amidst SEC-approved rivals and intense competition from BlackRock and Fidelity. Plans for Bitcoin Mini Trust and spot ether ETF in progress as CEO Sonnenshein anticipates fee reduction in mature markets.
Outflows from Grayscale bitcoin ETF hit $1.9 billion in single week
Grayscale Bitcoin Trust saw $1.9 billion outflows, affecting U.S. spot bitcoin ETFs. Despite buying interest from BlackRock, Fidelity, inflows slowed. Grayscale's high fee, bankruptcy trustees selling contributed. Challenges with Wealthfront, interest from institutional investors.
Grayscale bitcoin ETF saw record daily outflows as bitcoin tumbled
Grayscale's ETF notched a daily record of $642.5 million in outflows on Monday, according to data from BitMEX Research, when bitcoin tumbled about 4%. The cryptocurrency was down another 2% by mid-afternoon Tuesday, bouncing off session lows. Data for Tuesday's flows will be available Wednesday morning.
Grayscale bitcoin ETF saw record daily outflows as bitcoin tumbled
Grayscale's ETF notched a daily record of $642.5 million in outflows on Monday, according to data from BitMEX Research, when bitcoin tumbled about 4%. The cryptocurrency was down another 2% by mid-afternoon Tuesday, bouncing off session lows.
FTX-tied Alameda Research drops lawsuit against Grayscale
Grayscale CEO Michael Sonnenshein was named in the lawsuit along with parent company Digital Currency Group (DCG) and its CEO, Barry Silbert.
FTX sold about $1 billion of Grayscale's bitcoin ETF since its approval: CoinDesk
FTX has sold 22 million shares worth close to $1 billion in Grayscale Bitcoin Trust (GBTC) since it was converted into an exchange-traded fund (ETF) earlier this month, taking FTX's GBTC ownership down to zero, CoinDesk reported on Monday.
US SEC does not plan to appeal court decision on Grayscale bitcoin ETF
The U.S. Securities and Exchange Commission (SEC) will not appeal a recent court ruling that found it was wrong to reject Grayscale Investments' application for a spot bitcoin exchange-traded fund (ETF). The court ruled that the SEC was wrong to reject the proposed ETF, paving the way for the agency to review the application.
Grayscale urges U.S. SEC to approve spot bitcoin ETF following court victory
The ruling requires the SEC to review Grayscale's application, although the agency still has time to appeal the court's decision. The SEC said last week that it was studying the ruling.
Grayscale victory big boost for decade-long spot bitcoin ETF push
A three-judge panel of the District of Columbia Court of Appeals in Washington on Tuesday ruled that the Securities and Exchange Commission was wrong to reject Grayscale's proposed bitcoin ETF without explaining its reasoning.
US court says SEC wrong to deny Grayscale's spot bitcoin ETF proposal
A panel of judges in the District of Columbia Court of Appeals in Washington said the securities regulator's denial of Grayscale's proposal was arbitrary and capricious because the SEC failed to explain its different treatment between bitcoin futures ETFs and spot bitcoin ETFs.
What's at stake in Grayscale's spot bitcoin ETF case against the SEC?
The case is being closely watched by the cryptocurrency and asset management industries, which have been trying for years to convince the SEC to approve a spot bitcoin ETF. They say it would allow investors to gain exposure to bitcoin, the world's largest cryptocurrency, without having to own it. The SEC, though, worries spot bitcoin ETFs will be vulnerable to manipulation.
US court questions SEC's rejection of Grayscale's bitcoin fund proposal
The SEC rejected Grayscale Investment LLC's application to convert its flagship spot Grayscale Bitcoin Trust (GBTC) into an exchange-traded fund (ETF) last June, arguing the proposal did not meet anti-fraud and investor protection standards.
Court set to hear arguments in Grayscale's lawsuit against US SEC over bitcoin fund
The case comes as the crypto industry has increasingly been at odds with the SEC over its crackdown on digital asset products, including those that offer investors returns on certain digital tokens.
Grayscale would appeal lawsuit against SEC if court rejects case, CEO says
As Grayscale awaits a court ruling on a June lawsuit against the SEC, CEO Michael Sonnenshein said he was prepared to appeal if the court backed the SEC's decision to reject the bitcoin ETF proposal.
US SEC rejects Grayscale's spot bitcoin ETF
Grayscale responded with a legal challenge to the decision, the latest in a series of rejections of proposals for US listings of spot bitcoin ETFs over the past year.
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