Grayscale Bitcoin Trust

On Thursday, Cathie Wood-led Ark Invest made a significant move by selling nearly $2.9 million worth of Grayscale Bitcoin Trust (OTC:GBTC) shares. This decision comes amidst a fluctuating crypto market and Ark’s strategic adjustments in their crypto holdings. Notably, the apex cryptocurrency...

On Tuesday, Cathie Wood-led Ark Invest made a significant move in the cryptocurrency market, selling over $33 million worth of Coinbase Global Inc (NASDAQ:COIN) shares. This strategic decision comes as the cryptocurrency market experiences a surge, with Bitcoin (CRYPTO: BTC) crossing the $44,000...

Several firms are vying for the approval of their proposed spot Bitcoin (CRYPTO: BTC) exchange-traded funds (ETFs), hoping to capture a significant market share. What Happened: Switzerland’s Pando Asset AG on Wednesday emerged as the 13th contender by submitting a filing to the Securities and...

With a two-month timeline ahead, the Securities and Exchange Commission (SEC) is yet to make decisions on several applications to establish spot Bitcoin (CRYPTO: BTC) exchange-traded funds (ETFs).  What Happened: The potential for these applications to be approved is particularly noteworthy...

Matt Hougan, chief investment officer at Bitwise Asset Management, on Tuesday emphasized the monumental yet underappreciated impact of a potential spot Bitcoin (CRYPTO: BTC) ETF on the market. He asserted that the market has not fully grasped the magnitude of this...

On Monday, Cathie Wood-led Ark Invest made a significant move by purchasing $5.6 million worth of shares in Block Inc (NYSE:SQ), a company spearheaded by Twitter co-founder Jack Dorsey. The investment firm’s decision comes amidst a broader crypto market rally, signaling a strategic pivot in...

ARK Investment Management CEO Cathie Wood is advocating for Bitcoin (CRYPTO: BTC) as the ultimate defense against deflation over the next ten years, as reported by Bloomberg on Thursday. What Happened: Wood perceives Bitcoin as “digital gold,” forecasting its growth alongside the...

Gemini Trust Co., a leading cryptocurrency platform, has initiated legal action against the now-insolvent crypto lender, Genesis Global Holdco LLC. The litigation revolves around the rightful ownership of Grayscale Bitcoin Trust shares, currently valued at nearly $1.6 billion, Bloomberg reported....

On Tuesday, Cathie Wood-led Ark Invest made significant trades, with a notable purchase of shares in Robinhood Markets Inc (NASDAQ:HOOD) while offloading positions in Coinbase Global Inc (NASDAQ:COIN) and Grayscale Bitcoin Trust (OTC:GBTC). This move aligns with a similar trading pattern observed...

U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler on Wednesday confirmed the agency's staff is actively working on several Bitcoin (CRYPTO: BTC) Exchange-Traded Fund (ETF) filings. This disclosure was a part of the broader regulatory review process aimed at ensuring that these...

With the backdrop of the U.S. Securities and Exchange Committee's (SEC) recent decision not to contest a court ruling in the Grayscale Bitcoin (CRYPTO: BTC) ETF case, the crypto market experienced a whirlwind of excitement following a false report about the approval of a spot...

Steven Schoenfield, former managing director at BlackRock (NYSE: BLK) and current CEO of MarketVector Indexes, anticipates the Securities and Exchange Commission (SEC) will greenlight a Bitcoin (CRYPTO: BTC) spot ETF within "three to six months." This prediction was shared...

Bitcoin (CRYPTO: BTC) has experienced a 5% surge in its price over the past week, a rise attributed to speculations about a potential postponement of Mt. Gox's repayments until 2024, according to a report. Although crypto trading firm QCP Capital still expects Bitcoin to fall to $22,000 in...

On August 29, 2023, a three-judge panel of the U.S. Court of Appeals for the District of Columbia Circuit unanimously sided with Grayscale in its long-running battle with the Securities and Exchange Commission regarding the approval of its application to convert its Grayscale Bitcoin Trust (...

Recent economic data is encouraging but Citi’s Economic Surprise Index suggests that the trend could be changing: Markets Prices as of 4 pm EST, 8/29/23 Macro @macro_daily The labor market is showing signs of cooling. That's the message being sent by yesterday's JOLTs data...