Tag: grayscale

Jul 19 2022

Indicators point to Bitcoin bottom formation but recovery unlikely so soon – Glassnode

Jul 19 2022 Published at CryptoSlate under tags  analysis bitcoin glassnode grayscale

Bitcoin (BTC) is close to forming a real bottom after an entire month of trading below its realized price, according to Glassnode's latest weekly report. According to the report, current market conditions suggest that market bottom formation is...

Just-In: Bitcoin (BTC) Bottomed? Here’s What Grayscale’s Report Say

Jul 19 2022 Published at Coingape under tags  bitcoin news bitcoin price grayscale news

Bitcoin (BTC) price started the week by successfully soaring above the $22,000 psychological level, making a high of $22,795. The recent rally makes speculation that Bitcoin (BTC) might have bottomed out. However, Grayscale's latest report on crypto market cycles reveals the bear market could last another 250 days. Grayscale's Latest Report Nullify Bitcoin Bottom Speculations...

Jul 18 2022

Grayscale report says bear market could last for next 250 days

Grayscale has said in a report that the current crypto winter could last for another 250 days, based on previous market cycles. According to Grayscale's "Bear Markets in Perspective" report, a crypto market cycle has an average life span of 4 years (1275 days), and a bear market begins when the realized price moves below the market...

Breaking: Grayscale Hints At Monthly Bear Market Time Frame For Next 8 Months

Jul 18 2022 Published at Coingape under tags  crypto market bear grayscale news

Just as Bitcoin breached $22,000 range on Monday, much of the talk is on if Bitcoin bottom is potentially in already. However, several big investors caution against hurrying up to take a position right away. In the meanwhile, Grayscale came up with a report on the whereabouts of the ongoing Bitcoin bear market cycle. Duration...

Jul 13 2022

How will the Grayscale SEC Lawsuit affect Bitcoin?

What is a Hedge Fund? A hedge fund is a type of investment instrument that targets qualified investors, institutional investors, and high-net-worth individuals. Because these funds historically concentrate on hedging risk by concurrently purchasing and shorting assets in a long-short equity strategy, the word "hedge" is used to describe them. Hedge funds use pooled capital and a variety of trading techniques to generate...

Grayscale Expands its List of Assets Under Consideration, Adding Apecoin, CRO and KNC

Summary: Grayscale has added Apecoin (APE), Cronos (CRO), and Kyber Network Crystal (KNC) to its list of assets under consideration. The crypto-focused Wall Street Investment Firm known as Grayscale has expanded its list of assets under consideration to include Apecoin (APE), Cronos (CRO), and Kyber Network Crystal (KNC). The Grayscale team announced the new additions earlier today, explaining that their choice was based...

Jul 11 2022

Grayscale Ready for A Supreme Court Battle With U.S. SEC Over Spot Bitcoin ETF

After the rejection of converting GBTC to a spot Bitcoin ETF last month, Grayscale was quick to file a lawsuit against the U.S. Securities and Exchange Commission (SEC). The world's largest crypto asset manager conducted a recent Q&A addressing investor queries over spot Bitcoin ETF. The Appellate court is currently reviewing Grayscale's application to review...

Jul 01 2022

Grayscale Sues the SEC Over Rejected Bitcoin ETF Application

On Thursday, the US Securities and Exchange Commission (SEC) announced it rejected Grayscale’s Bitcoin exchange traded fund (ETF) application over concerns of potential price manipulation and the lack of investors’ protection.

Jun 30 2022

Bitcoin crashes under $20K as SEC rejects Grayscale spot ETF application

Jun 30 2022 Published at CryptoSlate under tags  bitcoin etf bitwise grayscale regulation sec

Bitcoin (BTC) fell below $20,000 after the SEC rejected Grayscale's application to turn its Bitcoin trust into a spot Bitcoin ETF. BTC was trading at $18,934 at its lowest following the news but has since marked a small recovery and was trading at $19,047 as of press time, according to CryptoSlate data....

SEC Discriminated Grayscale: CEO Over Bitcoin ETF Rejection

Jun 30 2022 Published at Coingape under tags  grayscale grayscale bitcoin cash trust news

Michael Sonnenshein, the CEO of Grayscale, said his firm was very disappointed with the SEC's decision to reject the Bitcoin ETF application. He said, however, that as an organization, they were ready to face the consequences of a rejection. Grayscale's Legal Battle Against SEC Soon after the decision to reject the application was delivered on Wednesday,...

Grayscale Sues SEC Over Spot Bitcoin ETF Application Rejection

Jun 30 2022 Published at Crypto Briefing under tags  business grayscale sec

The worlds largest digital asset manager, Grayscale, has filed a lawsuit against the U.S. Securities and Exchange Commission after the regulator rejected its application to convert its flagship Bitcoin trust...

Jun 27 2022

Grayscale Partners With Jane Street, Virtu Financial For Pending Spot Bitcoin ETF

Grayscale has signed on two leading market makers to serve as authorized participants in its upcoming spot bitcoin ETF, pending SEC approval.Grayscale Investments signed Jane Street and Virtu Financial as authorized participants for its pending spot bitcoin ETF.Grayscale’s application to convert its bitcoin fund into an ETF has a deadline of July 6.Should the SEC deny, or further delay...

Grayscale Bitcoin ETF: CEO Explains Possible Outcome Of SEC Decision

Jun 27 2022 Published at Coingape under tags  grayscale grayscale bitcoin trust news

Even as investors anticipate the SEC's decision on Grayscale's application to convert GBTC to an ETF, it shared an update on Monday. As the 240-day application review process with SEC is approaching, CEO Michael Sonnenshein expressed optimism about the decision. Expecting SEC Decision On GBTC Soon The Grayscale CEO said the firm was expecting SEC's...

Jun 16 2022

Pressure Mounts On SEC To Reconsider Spot Bitcoin ETF

A bitcoin spot exchange-traded fund could unlock $8 billion in value for investors if the SEC approves Grayscale’s bid to convert GBTC to an ETF.The Bitcoin ecosystem tends to be a very sensitive space with decisions, news, regulations and announcements by big financial institutions, governments and business magnates making the marketplace susceptible to wild fluctuations in price.A price boom that could...

Jun 12 2022

Grayscale CEO says pension funds are looking to add Bitcoin

Jun 12 2022 Published at CryptoSlate under tags  fidelity forusall grayscale investments

Grayscale CEO Michael Sonnenshein said pension funds are considering Bitcoin as an asset class for diversifying their portfolio. He said this during a CNBC interview on June 10. In his opinion, the crypto market decline has not affected the interest being shown in cryptocurrency....

Jun 09 2022

Grayscale Hires Donald B. Verrilli In Persuit Of Getting SEC Approval And Bitcoin ETF

Jun 09 2022 Published at Bitcoinist.com under tags  bitcoin etf grayscale sec

Grayscale, the biggest crypto asset manager worldwide, has hired Donald B. Verrilli, the former Solicitor General of former US President Obama. This deal aims to get the SEC's (Securities and Exchange Commission's) approval of Bitcoin ETF for spot trading by changing its BTC trust into an ETF. The platform believes Verrilli can come to be its senior legal strategist and work together with...

Why Grayscale’s Bitcoin ETF Could Actually Get Approved

Jun 09 2022 Published at Bitcoinist.com under tags  bitcoin bitcoin etf grayscale sec

It is an unpopular opinion to think that Grayscale's spot-based Bitcoin ETF could get approved, but the company is confidently gearing up and it seems like they will not take a 'no' for an answer. The Grayscale Bitcoin Trust (GBTC) has always been intended to eventually convert into an ETF, the company has explained several times. Currently, GBTC...

Jun 08 2022

Grayscale Hires Former Solicitor General Ahead of Bitcoin ETF Decision

Jun 08 2022 Published at Crypto Briefing under tags  grayscale news solicitor general

The worlds largest digital asset manager, Grayscale, has hired the former U.S. Solicitor General, Donald B. Verrilli, Jr., as an additional legal counsel to support its pending ETF application with...

Jun 01 2022

Crypto Selloff Viewed By Investors ‘Opportunistically’ As BTC Seen Hitting $65K By 2023

Bitcoin's price action over the years has resembled nothing less than a head- shaking rollercoaster ride. The cryptocurrency sector has been mostly driven by volatility, from the bull run of 2017 to the big crash of 2020 and the present market crisis. Bitcoin initiated the cryptocurrency revolution over 10 years ago, setting the stage for digital assets and generating considerable attention among global investors....

May 17 2022

Grayscale Launches Its First Digital Asset-Based European ETF

Grayscale Investments, the world’s largest cryptocurrency asset manager, has launched Grayscale Future of Finance UCITS ETF, the company’s first European exchange traded fund (ETF). The new investment vehicle will be available to customers across Europe via the London Stock Exchange, Borsa Italiana, and Deutsche Börse Xetra.

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