Grayscale

A selloff in bitcoin continued on Tuesday, accompanied by record outflows from Grayscale's Bitcoin Trust, accelerating the asset losses by the fund since it converted into an exchange traded fund this year. 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. Elevate Your…

In a notable shift within the­ cryptocurrency landscape, Fidelity launche­d a spot Bitcoin (BTC) exchange-traded fund that has since outpaced the Grayscale Bitcoin Trust in daily inflows, se­curing an impressive $208 million. This surge re­presents a meaningful change­ in the competitive crypto market. Me­anwhile, InQubeta (QUBE), an AI altcoin, has sparked enthusiasm on crypto Twitter.  The new DeFi crypto seeks to democratize investment opportunities in AI startups through NFTs and blockchain smart…

As it currently stands, the approval of Bitcoin ETFs is turning out to be a “sell-the-news” event that’s disrupted the market over the past few weeks. Bitcoin is barely holding onto the $40,000 straw, as leading altcoins like Ethereum also struggle with finding the right momentum. So, what are the best coins you can invest in now to see profits? We checked out what leading analysts, experts, and crypto influencers had to say and found that presale tokens like Bitcoin Minetrix ($BTCMTX), Sponge V2 ($SPONGE),…

Bankrupt cryptocurrency exchange FTX's affiliate Alameda Research has dropped a lawsuit against Grayscale Investments that had accused the digital asset manager of "enriching itself at shareholders' expense", a court filing showed on Monday.Alameda, which filed the lawsuit in a Delaware court in March last year, had also accused Grayscale of charging high fees and refusing to allow investors to redeem their shares from its two crypto-focused trusts, the Grayscale Bitcoin Trust (GBTC) and the Grayscale Ethereum…

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.GBTC in all saw outflows of more than $2 billion since being converted into ETF, according to the report, which cited private data reviewed by CoinDesk and two people familiar with the matter.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian…

As the Grayscale Bitcoin Trust (GBTC) gets closer to a victory in court, it also moves closer to exploiting a loophole that could cause BTC and other coins, including Dogecoin (DOGE) and Collateral Network (COLT), to surge in price. However, even without the hopeful victory of the Grayscale Bitcoin Trust, Collateral Network is still looking at excellent predictions, with experts believing that the token can bring 3500% gains before its public presale ends.  >>BUY COLT TOKENS NOW<< Collateral Network (COLT) To…

With the exception of old movies, most of us are used to seeing our screens in full color. However, grayscale — in which you see nothing but black, white, or shades of gray — can be useful, even when it comes to your smartphone.To begin with, people who are intensely colorblind will find a screen that has been switched to grayscale much easier to work with (since otherwise, certain colors can be difficult to distinguish). It may be good for the rest of us as well because grayscale is said to be much easier on the eyes —…

US federal appellate court judges questioned on Tuesday whether the U.S. Securities and Exchange Commission (SEC) was correct to reject Grayscale Investment's application for a spot bitcoin exchange-traded fund, since the agency had previously approved bitcoin futures products.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.A panel…

Federal appellate court judges are set to hear arguments on Wednesday in the Grayscale Investments' case against the US Securities and Exchange Commission (SEC) over the agency's rejection of the crypto asset manager's application to create a spot bitcoin exchange-traded fund (ETF). 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. The case's outcome could either offer…

Nikhilesh De / CoinDesk: Grayscale Investments sues the US SEC after the agency rejected its application on Wednesday to convert its flagship Grayscale Bitcoin Trust product to an ETF — The SEC rejected Grayscale's application to convert its Grayscale Bitcoin Trust to an exchange-traded fund earlier Wednesday. Nikhilesh De / CoinDesk: Grayscale Investments sues the US SEC after the agency rejected its application on Wednesday to convert its flagship Grayscale Bitcoin Trust product to an ETF …