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Digital Currency Group has purchased a total of $194 million worth of GBTC shares so far. Source link
Read More »Grayscale parent firm DCG to expand GBTC buy limit by $500M
Our Man in Shanghai: Huobi looks to become Grayscale of Asia, Yao Ming’s NFT wine, and Chinese crypto investors go to the dogs
Huobi tackles the institutional market, you can now own an NFT of basketball star Yao Ming drinking red wine, and China’s digital yuan starts to target the private sector Source link
Read More »How Grayscale Bitcoin Trust at a discount could change everything for BTC
After spending the entire month of March at a loss, the downtrend in Grayscale Bitcoin Trust premium has extended. At the time of publication, the premium stands at -11.45%, near its all-time low at -14%. GBTC trading at a discount. Source: Ycharts In contrast, the Canadian Purpose Bitcoin ETF had …
Read More »Bitcoin whales on the defense, this is how BTC could climb to new highs
After spending weeks moving sideways, BTC price seemed to be close to a new high. However, the cryptocurrency seems to be stuck just below the resistance level at $60,000. Analyst Ben Lilly has published a report in which he determines what has caused the stalemate and how BTC has a …
Read More »Grayscale publishes roadmap for turning its products into crypto ETFs
The company is renewing its push for a U.S. ETF, but offered no specific guarantees or promises. Source link
Read More »Chainlink Hits $30 as Grayscale Adds 115,570 LINK to Its Reserves
Chainlink prices climbed higher on Thursday, rising by as much as 5.10 percent on the prospects of higher institutional adoption. The LINK/USD exchange rate reached its previous week’s high of $30 before correcting lower during the early London session. Its uptrend majorly came as a part of a broader bullish …
Read More »Interest from China, Co-Mining and a Grayscale Trust Gives Filecoin’s Market Cap a Valuation Lift
Over the last seven days the project filecoin, a cryptocurrency, and blockchain-based cooperative digital storage network climbed 61% in value and 493% during the last three months. Regional reports from China also show that the computer hardware giant based in Shenzhen, Xinyuan Technology Co., has invested $89 million into the …
Read More »Grayscale Bitcoin Trust Dropped Nearly 20% Amid Intense BTC Market Selloff
The currency bitcoin market correction has dealt a particularly harsh blow to Grayscale Bitcoin Trust (GBTC), the biggest fund tracking the cryptocurrency. BTC Price Momentum As bitcoin prices plummet, the fund has gone into free-fall, shedding almost 20% off its $29.4 billion valuation this week alone.The world’s first cryptocurrency is …
Read More »How Filecoin is up 50% in a week and could take more profits
After a week of significant gains, Filecoin (FIL) is shaping up to become one of the biggest earning cryptocurrencies of the month. Journalist Colin Wu has recorded increasing interest in the cryptocurrency and its file-sharing platform: Filecoin surpassed $100, benefiting a large number of Chinese miners and investors. Reasons: the …
Read More »Bytetree Founder Believes Grayscale Should Lower Its ‘Unrealistically High’ Fee: Warns of Possible ‘Systemic Risk’
The founder of Bytetree Asset Management, Charlie Morris, has suggested the reduction of the GBTC management fee as one way Grayscale Investment can ease the current selling pressure and possibly reduce the discount on the shares. Morris says if no action is taken, “the selling pressure will build” and “could …
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