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Grayscale Bitcoin Trust recorded $1.9 billion in outflows last week, tipping the group of U.S. spot bitcoin exchange-traded funds (ETFs) into net outflows for the week ending March 22, according ...
The long-awaited decision has huge implications for Bitcoin and ETF markets. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 more ways ...
The second-largest spot Bitcoin ETF is the Grayscale Bitcoin Trust ETF (NYSEMKT: GBTC) at $14.4 billion, but that fund had a head start with a peak asset value of $29 billion before the new crypto ...
Grayscale was founded in 2013, launching a bitcoin trust that year. [4] In 2015, the company became a subsidiary of Digital Currency Group. [5] The same year, Grayscale Bitcoin Trust (OTCQX: GBTC) began trading over-the-counter on the OTCQX market, becoming the first publicly traded bitcoin fund in the United States.
A handful of hedge funds made a winning bet on approval of a spot bitcoin exchange-traded fund (ETF) by investing in the Grayscale Bitcoin Trust (GBTC) well ahead of regulatory sign off, according ...
Dreaming of a Bitcoin ETF. Grayscale's jerry-rigged system to sell Bitcoin in a trust was always supposed to be a temporary arrangement. ... while Grayscale is a fund with billions of assets and ...
The case has been 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. The SEC, though ...
Since the approval, competitors BlackRock's iShares Bitcoin ETF and Fidelity Wise Origin Bitcoin Fund have recorded inflows of $10.59 billion and $6.37 billion, respectively.