From crypto advocates to former skeptics, pundits are outdoing themselves to predict ever higher prices for Bitcoin. Despite the current battle between Bitcoin bulls and bears around the $50,000 price mark — and an 8.7% pullback over the past 24 hours — a raft of analysts and commentators have got out their crystal balls to…
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Crypto analytics provider Glassnode argues the late February BTC crash may have been a healthy reset that flushed excessive leverage out of the market. According to on-chain analytics provider, Glassnode, the late-February crypto market correction may have purged excessive leverage from the markets. On March 1, Glassnode published a report analyzing the recent crypto crash…
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The newly launched Purpose Bitcoin ETF surpassed even the most bullish expectations but how does it differ from Grayscale’s GBTC Trust? Since 2017, investors have been anxiously awaiting a Bitcoin ETF approval as the existence of such a fund was an important symbol of mass adoption and acceptance from the realm of traditional finance. On…
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Grayscale Investments’ GBTC might be the absolute market leader but it is currently trading below fair value as the TSX Purpose Bitcoin ETF is seeing record inflows. Grayscale Bitcoin Trust ($GBTC) is currently the largest listed cryptocurrency asset with $30.17 billion in assets under management. The firm currently holds more than 655,730 BTC and the…
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Ethereum protocols account for over a third of Grayscale’s assets under consideration for listing as exchange-traded products. Want to buy decentralized finance exposure from your stockbroker? Grayscale may be on the cusp of making it a reality. In a press release today, the issuer of popular exchange-traded products such as Bitcoin (BTC)-backed Grayscale Bitcoin Trust…
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Bitcoin has been outperforming Ethereum in the past few days as one popular trader says this is a result of “simple math.” Bitcoin (BTC) has been outperforming Ether (ETH) in the past several days as BTC surged above $50,000 for the first time in history. Meanwhile, one popular cryptocurrency trader explains that this is “simple…
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A corporate registration filing with the State of Delaware shows that Grayscale is considering Yearn Finance as a future offering. Grayscale Investments has registered an LLC for a prospective Yearn Finance (YFI) Trust, giving the first sign that the asset manager is considering the DeFi coin. The new YFI entity was incorporated as a Statutory…
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Grayscale CEO Michael Sonnenshein told CNBC that more tech leaders and institutional investors could follow Elon Musk into Bitcoin after Tesla’s $1.5 billion purchase. Grayscale CEO Michael Sonnnenshein says institutional demand for Bitcoin (BTC) has only increased, moving into 2021, following a record-breaking year that saw Grayscale’s assets under management soar to new heights. Sonnenshein…
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Institutions were aggressively accumulating ETH in the lead up to the launch of CME futures, with Ether products representing 80% of last week’s institutional crypto inflows. Crypto asset manager CoinShares has reported that investment inflows into institutional cryptocurrency funds surged last week, and the majority of it was Ethereum. The report states that of the…
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Galloping gas fees are hurting the average user but Grayscale, and Ethereum advocates, can see the bright side. Ethereum and DeFi proponent Ryan Sean Adams has drawn attention to how high gas fees relative to the current Ether price could actually be a bullish sign. Citing this week’s Grayscale research paper ‘Valuing Ethereum’ the Bankless…
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