Mar 09 2024
Ark Invest reduced its crypto-related holdings, shedding 42,613 shares of Coinbase and a substantial 100,739 shares of the Grayscale Bitcoin Trust (GBTC) The move was executed amid a Bitcoin-led crypto rally that has captured the attention of investors worldwide. Meanwhile, Ark Invest recently its spot Bitcoin ETF filing in response to feedback from the SEC. …
Mar 06 2024
Between January 11-21, the Grayscale Bitcoin Trust (GBTC) dominated the spot ETF market, commanding over 50% of trade volumes. However, recent data by Kaiko revealed a significant decline in its share, dropping to approximately 30% last week. Since the introduction of spot Bitcoin ETFs earlier this year, GBTC has experienced substantial outflows, resulting in its …
Feb 26 2024
The upcoming Bitcoin (BTC) halving is likely a bullish development, but a slew of outside factors mean it likely won’t play out the same as in previous years. Last month, the company successfully converted its Grayscale Bitcoin Trust (GBTC) into the world’s largest Bitcoin ETF. The introduction of such ETFs may impact Bitcoin’S price as …