Grayscale
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"Grayscale's 8-K filing boosts $ZEN's transparency and compliance, paving the way for greater investor confidence and potential price growth."
The Form 8-K is a mandatory filing by publicly traded companies to report significant events or corporate changes that may affect investors or the company's financial status. This form is filed with the U.S. Securities and Exchange Commission (SEC) and is designed to ensure transparency, keeping the public informed about important developments in real-time.
In the case of Grayscale's filing for the Grayscale Horizen Trust (HZEN), the form reveals that they offered 3,565,200 shares, equivalent to 304,034 ZEN tokens, in a private offering to accredited investors. This move is seen as a step toward making $ZEN more transparent and compliant with regulatory standards, potentially increasing investor confidence.
As the post suggests, due to these regulatory steps and growing acceptance, ZEN's price might increase in the coming days, making it a favorable time for long-term investors to stay invested rather than betting on a price decline.
#horizen #Grayscale
The Form 8-K is a mandatory filing by publicly traded companies to report significant events or corporate changes that may affect investors or the company's financial status. This form is filed with the U.S. Securities and Exchange Commission (SEC) and is designed to ensure transparency, keeping the public informed about important developments in real-time.
In the case of Grayscale's filing for the Grayscale Horizen Trust (HZEN), the form reveals that they offered 3,565,200 shares, equivalent to 304,034 ZEN tokens, in a private offering to accredited investors. This move is seen as a step toward making $ZEN more transparent and compliant with regulatory standards, potentially increasing investor confidence.
As the post suggests, due to these regulatory steps and growing acceptance, ZEN's price might increase in the coming days, making it a favorable time for long-term investors to stay invested rather than betting on a price decline.
#horizen #Grayscale
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💥 Grayscale Presents 8-K for Horizen Trust to the SEC🚨
On December 24, Grayscale filed an 8-K form for Grayscale Horizen Trust (ZEN) with the SEC. This move suggests increased interest in the ZEN token and could indicate a step towards regulation and transparency in the cryptocurrency market.
#Grayscale #SEC #HorizenTrust
$SOL $CAKE $CITY
On December 24, Grayscale filed an 8-K form for Grayscale Horizen Trust (ZEN) with the SEC. This move suggests increased interest in the ZEN token and could indicate a step towards regulation and transparency in the cryptocurrency market.
#Grayscale #SEC #HorizenTrust
$SOL $CAKE $CITY
Grayscale's Bitcoin ETF Victory: A Landmark Decision
In a groundbreaking legal victory, Grayscale Investments has won a significant battle against the U.S. Securities and Exchange Commission (SEC). This landmark decision paves the way for Grayscale to convert its Bitcoin Trust into a spot Bitcoin exchange-traded fund (ETF), marking a historic moment for the cryptocurrency industry.
The victory has been hailed as a crucial step in legitimizing Bitcoin and other cryptocurrencies within the mainstream financial system. A Bitcoin ETF allows institutional investors to gain exposure to Bitcoin without having to directly purchase and store the cryptocurrency. This could potentially open the floodgates for more institutional capital to flow into the digital asset space, which has been a key factor in the recent surge in Bitcoin prices.
The SEC had previously rejected Grayscale’s proposal, citing concerns over the potential for fraud and manipulation in the Bitcoin market. However, the court ruled that the SEC’s decision was arbitrary and capricious, underscoring the increasing recognition of cryptocurrency as a legitimate asset class. This ruling not only boosts Grayscale’s chances of launching the ETF but also strengthens the case for other Bitcoin-focused investment products.
For investors, this victory signals a new era of increased institutional participation in the cryptocurrency market. With the approval of Bitcoin ETFs, cryptocurrencies will continue to move toward integration with traditional financial markets, making them more accessible to a broader audience.
The move also has significant implications for the future of cryptocurrency regulation. As more institutional investors enter the market, regulators will be forced to adapt to this new reality and provide clearer frameworks for digital assets.
The Grayscale victory is a key moment in the ongoing evolution of cryptocurrency, marking the beginning of a more regulated and institutionalized future for Bitcoin and other digital assets.
#Grayscale #BitcoinETFs #bitcoin #Write2Earn
In a groundbreaking legal victory, Grayscale Investments has won a significant battle against the U.S. Securities and Exchange Commission (SEC). This landmark decision paves the way for Grayscale to convert its Bitcoin Trust into a spot Bitcoin exchange-traded fund (ETF), marking a historic moment for the cryptocurrency industry.
The victory has been hailed as a crucial step in legitimizing Bitcoin and other cryptocurrencies within the mainstream financial system. A Bitcoin ETF allows institutional investors to gain exposure to Bitcoin without having to directly purchase and store the cryptocurrency. This could potentially open the floodgates for more institutional capital to flow into the digital asset space, which has been a key factor in the recent surge in Bitcoin prices.
The SEC had previously rejected Grayscale’s proposal, citing concerns over the potential for fraud and manipulation in the Bitcoin market. However, the court ruled that the SEC’s decision was arbitrary and capricious, underscoring the increasing recognition of cryptocurrency as a legitimate asset class. This ruling not only boosts Grayscale’s chances of launching the ETF but also strengthens the case for other Bitcoin-focused investment products.
For investors, this victory signals a new era of increased institutional participation in the cryptocurrency market. With the approval of Bitcoin ETFs, cryptocurrencies will continue to move toward integration with traditional financial markets, making them more accessible to a broader audience.
The move also has significant implications for the future of cryptocurrency regulation. As more institutional investors enter the market, regulators will be forced to adapt to this new reality and provide clearer frameworks for digital assets.
The Grayscale victory is a key moment in the ongoing evolution of cryptocurrency, marking the beginning of a more regulated and institutionalized future for Bitcoin and other digital assets.
#Grayscale #BitcoinETFs #bitcoin #Write2Earn
#USDT🔥🔥🔥
#USDCstablecoin
#usualcoin
I checked that there are more than 45 large companies that have joined and support the $USUAL project including the giant BlackRock. From this point it seems true that $usdo will replace the position of $usdt / $theater in Europe.
When will #Grayscale #GrayscaleInvestments Trust Join?
I Hope $Usual easy 30$ in Januari 2025.
#USDCstablecoin
#usualcoin
I checked that there are more than 45 large companies that have joined and support the $USUAL project including the giant BlackRock. From this point it seems true that $usdo will replace the position of $usdt / $theater in Europe.
When will #Grayscale #GrayscaleInvestments Trust Join?
I Hope $Usual easy 30$ in Januari 2025.
Techopal:
I see ppl just echo that it is backed by Blackrocks but there is no fact check, no links. I check on their website but there is no Blackrock too. Wonder why they spread false infos
Dec 23 Update:🚨🚨🚨
10 #Bitcoin ETFs
NetFlow: -5,353 $BTC (-$502.17M)🔴
#Grayscale Bitcoin Mini Trust outflows 1,959 $BTC ($184.15M) and currently holds 38,276 $BTC ($3.6B).
9 #Ethereum ETFs
NetFlow: -43,129 $ETH (-$142.11M)🔴
#iShares (Blackrock) outflows 29,988 $ETH ($98.81M) and currently holds 1,017,502 $ETH ($3.35B). #ChristmasMarketAnalysis $BTC $ETH
✅ Follow for more to get free VIP Signals, Chart Analysis 🚨, and latest updates. So you will not miss any opportunities! 💰💰
10 #Bitcoin ETFs
NetFlow: -5,353 $BTC (-$502.17M)🔴
#Grayscale Bitcoin Mini Trust outflows 1,959 $BTC ($184.15M) and currently holds 38,276 $BTC ($3.6B).
9 #Ethereum ETFs
NetFlow: -43,129 $ETH (-$142.11M)🔴
#iShares (Blackrock) outflows 29,988 $ETH ($98.81M) and currently holds 1,017,502 $ETH ($3.35B). #ChristmasMarketAnalysis $BTC $ETH
✅ Follow for more to get free VIP Signals, Chart Analysis 🚨, and latest updates. So you will not miss any opportunities! 💰💰
arooun666:
Bro share some uniswap news
Just Secured My Bag of $ZEN on Binance! 🚀
Why $ZEN?
Grayscale's $ZEN Trust just launched, opening doors for institutional money to gain exposure. Big players are entering the game!
📈 Since November, $ZEN has shown clear signs of smart money accumulation—climbing from $7 to $30.
Just yesterday, $ZEN surged 70% following the Grayscale news.
My target: 🎯
$50 by EOY 2024
Potential ATH of $150 in early 2025
$ZEN has been immune to market dumps. Time to ride this wave to the moon!
#ZEN #Crypto #Grayscale #BullRun
Why $ZEN?
Grayscale's $ZEN Trust just launched, opening doors for institutional money to gain exposure. Big players are entering the game!
📈 Since November, $ZEN has shown clear signs of smart money accumulation—climbing from $7 to $30.
Just yesterday, $ZEN surged 70% following the Grayscale news.
My target: 🎯
$50 by EOY 2024
Potential ATH of $150 in early 2025
$ZEN has been immune to market dumps. Time to ride this wave to the moon!
#ZEN #Crypto #Grayscale #BullRun
Majster Yoda:
Comme toutes les cryptos durant le futur bear market.
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🚨FLASH: 🚀 #Grayscale launches the Grayscale Bittensor Trust: a unique opportunity to invest in AI thanks to the token $TAO of #Bittensor now available in the form of securities.
💰 Net asset value: $10.39/share
📊 Assets under management: $5.18M
#CryptoBuzz #IA
💰 Net asset value: $10.39/share
📊 Assets under management: $5.18M
#CryptoBuzz #IA
Grayscale SUI Trust Opens For Qualified Investors Worldwide
Grayscale SUI Trust provides exposure to SUI through securities, with $12.8M AUM and $65.52 per share value, exclusively for qualified investors.
The Grayscale SUI Trust is a financial product that allows investors to gain exposure to the SUI cryptocurrency without directly buying and holding the cryptocurrency itself. Here's a breakdown:
What it is:
Essentially, it's a fund that invests solely in $SUI .
Investors buy shares of this trust, which represent a claim on the underlying SUI held by the trust.
Key Features:
Focus on SUI: The trust is specifically designed to track the price of the SUI cryptocurrency.
Qualified Investors: This product is primarily available to accredited investors, meaning individuals with high net worth or sophisticated investment experience.
AUM (Assets Under Management): Currently, the trust manages $12.8 million in assets.
Share Value: Each share of the trust is currently valued at $65.52.
Benefits for Investors:
Simplified Investment: Instead of dealing with the complexities of buying, storing, and securing SUI directly, investors can invest in the trust.
Potential for Growth: If the price of SUI appreciates, the value of the trust shares should also increase.
Professional Management: Grayscale, a well-established digital asset manager, manages the trust.
In essence, the #Grayscale #SUI Trust provides a more traditional investment vehicle for those interested in gaining exposure to the SUI cryptocurrency.
Disclaimer: This information is for general knowledge and educational purposes only and does not constitute financial advice.
Please note: The AUM and share value may have changed since this information was provided. It's crucial to refer to the latest data from reliable sources.
The Grayscale SUI Trust is a financial product that allows investors to gain exposure to the SUI cryptocurrency without directly buying and holding the cryptocurrency itself. Here's a breakdown:
What it is:
Essentially, it's a fund that invests solely in $SUI .
Investors buy shares of this trust, which represent a claim on the underlying SUI held by the trust.
Key Features:
Focus on SUI: The trust is specifically designed to track the price of the SUI cryptocurrency.
Qualified Investors: This product is primarily available to accredited investors, meaning individuals with high net worth or sophisticated investment experience.
AUM (Assets Under Management): Currently, the trust manages $12.8 million in assets.
Share Value: Each share of the trust is currently valued at $65.52.
Benefits for Investors:
Simplified Investment: Instead of dealing with the complexities of buying, storing, and securing SUI directly, investors can invest in the trust.
Potential for Growth: If the price of SUI appreciates, the value of the trust shares should also increase.
Professional Management: Grayscale, a well-established digital asset manager, manages the trust.
In essence, the #Grayscale #SUI Trust provides a more traditional investment vehicle for those interested in gaining exposure to the SUI cryptocurrency.
Disclaimer: This information is for general knowledge and educational purposes only and does not constitute financial advice.
Please note: The AUM and share value may have changed since this information was provided. It's crucial to refer to the latest data from reliable sources.
#Grayscale 's Top 20 Picks: Hit or Miss? 🚨 ... Do you guys remember Grayscale’s Q4/2024 “Top 20 List” featuring tokens they hyped as having high potential? With less than 2 weeks left in the year, let’s check out how the first 10 tokens performed this quarter.
Spoiler alert: it’s a mixed bag, but mostly green! 🌱
Here’s the Q4 scorecard:
📈 $BTC : +60%
📈 $ETH : +40%
📈 $SOL : +36%
📉 #TON : -4.62%
📈 #LINK : +102%
📈 #NEAR : +6%
📈 #UNI : +92%
📈 $SUI : +133% (🔥 MVP right here!)
📉 TAO: -16% (ouch!)
📈 $STX : +5%
That’s 8 out of 10 in the profit zone! Not too shabby, right? If you followed their picks, you’re probably smiling at your portfolio right now. 😎
So, what about you frens—did Grayscale’s crystal ball guide you to the moon, or did you miss the rocket? Share your wins (or lessons learned), and as always, DYOR! 🚀
Spoiler alert: it’s a mixed bag, but mostly green! 🌱
Here’s the Q4 scorecard:
📈 $BTC : +60%
📈 $ETH : +40%
📈 $SOL : +36%
📉 #TON : -4.62%
📈 #LINK : +102%
📈 #NEAR : +6%
📈 #UNI : +92%
📈 $SUI : +133% (🔥 MVP right here!)
📉 TAO: -16% (ouch!)
📈 $STX : +5%
That’s 8 out of 10 in the profit zone! Not too shabby, right? If you followed their picks, you’re probably smiling at your portfolio right now. 😎
So, what about you frens—did Grayscale’s crystal ball guide you to the moon, or did you miss the rocket? Share your wins (or lessons learned), and as always, DYOR! 🚀
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Grayscale Bittenso Information-Based Scalping Strategy
Grayscale opens a Trust for $TAO , which is now trading as a security with a NAV of $9.95 per share and a total AUM of $4.95 million. This information can be used for scalping strategies if $Tao is available on certain crypto trading platforms.
Scalping Strategy Steps:
1. Monitor Real-Time Price:
If $TAO is traded on the spot market, use a lower timeframe (1-5 minutes) to capture short-term volatility opportunities.
2. Identify Support and Resistance:
Watch the NAV price of $9.95 as an initial support reference. Resistance can be formed from volume data or market sentiment when the trust opening starts to take effect.
3. Use Technical Indicators:
EMA 8, 20, 50: Identify price trends.
RSI: Monitor overbought (>70) and oversold (<span for entry opportunities.
MACD: Crossing signals can help determine the direction of fast trading.
4. Manage Risk:
Use tight stop-loss, as scalping relies heavily on small price movements.
Limit positions so that the risk per trade is a maximum of 1-2% of capital.
Scalping Entry Points:
Buy Entry: When the price approaches support (below $9.95).
Sell Entry: When the price approaches new resistance formed in the market.
My Comments:
🔥 "Grayscale + Bittensor: New Opportunities for $TAO Traders?"
Grayscale officially opens Bittensor Trust to selected investors, with NAV per share at $9.95 and total AUM reaching almost $5 million. With this move, $tao gets wider exposure, but what does it mean for short-term traders?
💡 Strategy for Scalpers:
Watch the $9.95 NAV level as a reference for support.
Use indicators such as RSI & MACD to catch quick volatility opportunities. CHECK NOW 👇🏼$TAO
✨ Big Picture: This move could pave the way for wider adoption, but be aware of the risks as the TAO market is still new to many traders.
👉 What do you think? Is $TAO worth your trading radar or do you want to see how it plays out?Let's discuss here! 🚀
#Grayscale #Bittensor #CryptoTrading
Grayscale opens a Trust for $TAO , which is now trading as a security with a NAV of $9.95 per share and a total AUM of $4.95 million. This information can be used for scalping strategies if $Tao is available on certain crypto trading platforms.
Scalping Strategy Steps:
1. Monitor Real-Time Price:
If $TAO is traded on the spot market, use a lower timeframe (1-5 minutes) to capture short-term volatility opportunities.
2. Identify Support and Resistance:
Watch the NAV price of $9.95 as an initial support reference. Resistance can be formed from volume data or market sentiment when the trust opening starts to take effect.
3. Use Technical Indicators:
EMA 8, 20, 50: Identify price trends.
RSI: Monitor overbought (>70) and oversold (<span for entry opportunities.
MACD: Crossing signals can help determine the direction of fast trading.
4. Manage Risk:
Use tight stop-loss, as scalping relies heavily on small price movements.
Limit positions so that the risk per trade is a maximum of 1-2% of capital.
Scalping Entry Points:
Buy Entry: When the price approaches support (below $9.95).
Sell Entry: When the price approaches new resistance formed in the market.
My Comments:
🔥 "Grayscale + Bittensor: New Opportunities for $TAO Traders?"
Grayscale officially opens Bittensor Trust to selected investors, with NAV per share at $9.95 and total AUM reaching almost $5 million. With this move, $tao gets wider exposure, but what does it mean for short-term traders?
💡 Strategy for Scalpers:
Watch the $9.95 NAV level as a reference for support.
Use indicators such as RSI & MACD to catch quick volatility opportunities. CHECK NOW 👇🏼$TAO
✨ Big Picture: This move could pave the way for wider adoption, but be aware of the risks as the TAO market is still new to many traders.
👉 What do you think? Is $TAO worth your trading radar or do you want to see how it plays out?Let's discuss here! 🚀
#Grayscale #Bittensor #CryptoTrading
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#比特币现货ETF has shown a strong trend of capital inflow in the past week, with a weekly net inflow of up to $2.17 billion, and this trend has been maintained for five consecutive trading days. This indicates that investors' interest and confidence in Bitcoin spot ETFs are gradually increasing. Among them, the IBIT ETF with #贝莱德 topped the list with a net inflow of $1.51 billion, and its historical total net inflow has reached $35.88 billion, further consolidating its leading position in the field. The FBTC ETF with #富达 also performed well, with a weekly net inflow of $598 million and a historical total net inflow of $12.31 billion. These data show that Bitcoin spot ETFs under large financial institutions are attracting increasing attention from investors.
In sharp contrast, the GBTC ETF with #Grayscale experienced a net outflow of $221 million last week, with its historical cumulative net outflow reaching $21.05 billion. This may indicate that some investors' views on Grayscale's GBTC are beginning to change, or they are seeking other more attractive investment opportunities.
Meanwhile, the total net asset value of Bitcoin spot ETFs has reached $114.969 billion, accounting for 5.71% of the total market capitalization of Bitcoin, and the historical cumulative net inflow has also reached $35.602 billion.
Additionally, the total assets managed by ETFs listed in the United States have for the first time exceeded the $10 trillion threshold, with $40 billion already invested in the cryptocurrency field. This trend indicates that cryptocurrency, as an emerging investment field, is gradually gaining recognition and acceptance from mainstream financial institutions and investors.
In sharp contrast, the GBTC ETF with #Grayscale experienced a net outflow of $221 million last week, with its historical cumulative net outflow reaching $21.05 billion. This may indicate that some investors' views on Grayscale's GBTC are beginning to change, or they are seeking other more attractive investment opportunities.
Meanwhile, the total net asset value of Bitcoin spot ETFs has reached $114.969 billion, accounting for 5.71% of the total market capitalization of Bitcoin, and the historical cumulative net inflow has also reached $35.602 billion.
Additionally, the total assets managed by ETFs listed in the United States have for the first time exceeded the $10 trillion threshold, with $40 billion already invested in the cryptocurrency field. This trend indicates that cryptocurrency, as an emerging investment field, is gradually gaining recognition and acceptance from mainstream financial institutions and investors.
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🔥 These are the altcoins that giants and whales are investing in; Will the altcoin season last long?
🔥 #Grayscale announced on the X platform that as of December 13, its crypto product suite now supports 30 different digital assets. This expansion includes a variety of well-known cryptocurrencies such as AAVE, AVAX, BAT, BCH, FIL, GRT, LDO, LINK, LPT, LTC, MANA, MKR, NEAR, OP, RENDER, SOL, STX, SUI, TAO, XLM, XRP, and ZEC.
🔥 The addition of these assets is expected to strengthen Grayscale’s position in the crypto market, providing investors with more flexibility and options; and giving a new boost and liquidity to altcoins
🔥 After this bold move by the giant Grayscale, we believe that other investment funds will do the same. Will we witness a new altcoin season?
🔥 #Grayscale announced on the X platform that as of December 13, its crypto product suite now supports 30 different digital assets. This expansion includes a variety of well-known cryptocurrencies such as AAVE, AVAX, BAT, BCH, FIL, GRT, LDO, LINK, LPT, LTC, MANA, MKR, NEAR, OP, RENDER, SOL, STX, SUI, TAO, XLM, XRP, and ZEC.
🔥 The addition of these assets is expected to strengthen Grayscale’s position in the crypto market, providing investors with more flexibility and options; and giving a new boost and liquidity to altcoins
🔥 After this bold move by the giant Grayscale, we believe that other investment funds will do the same. Will we witness a new altcoin season?
When will the bull market end? 🐂🤨 That’s the million-dollar question everyone’s asking!
According to #Grayscale 's latest report, the answer isn’t so simple. They believe the bull market could extend into 2025 and beyond—if the fundamentals hold strong. 📊🤞
Here are the highlights from their report: 📚🧑🏫
▶️ Four-Year Cycles: Historically, crypto follows a 4-year cycle of booms and busts, but Grayscale thinks this pattern might eventually evolve as the market matures.
▶️ Crypto Is Growing Up: Spot $BTC and $ETH ETFs are making it easier for new investors to enter the market, and upcoming U.S. regulations 🇺🇸 could provide more clarity.
▶️ Intermediate Stage: Grayscale sees current market conditions as an “intermediate stage” of the cycle.🙄 If adoption keeps rising and macro conditions stay favorable, the bull market has room to run.
So, while no one has a crystal ball, the signs suggest that the ride might not be over yet. 🚀 Stay informed, manage your risks, and let the fundamentals guide you! 💪 DYOR! #Bitcoin #Ethereum
According to #Grayscale 's latest report, the answer isn’t so simple. They believe the bull market could extend into 2025 and beyond—if the fundamentals hold strong. 📊🤞
Here are the highlights from their report: 📚🧑🏫
▶️ Four-Year Cycles: Historically, crypto follows a 4-year cycle of booms and busts, but Grayscale thinks this pattern might eventually evolve as the market matures.
▶️ Crypto Is Growing Up: Spot $BTC and $ETH ETFs are making it easier for new investors to enter the market, and upcoming U.S. regulations 🇺🇸 could provide more clarity.
▶️ Intermediate Stage: Grayscale sees current market conditions as an “intermediate stage” of the cycle.🙄 If adoption keeps rising and macro conditions stay favorable, the bull market has room to run.
So, while no one has a crystal ball, the signs suggest that the ride might not be over yet. 🚀 Stay informed, manage your risks, and let the fundamentals guide you! 💪 DYOR! #Bitcoin #Ethereum
July 4 Update:
9 ETFs decreased 609 $BTC(-$35M).
#Grayscale decreased 535 $BTC(-$30.7M) and currently holds 274,724 $BTC($15.76B).
#ETFvsBTC #Binance #bitcoin #grayscale
9 ETFs decreased 609 $BTC(-$35M).
#Grayscale decreased 535 $BTC(-$30.7M) and currently holds 274,724 $BTC($15.76B).
#ETFvsBTC #Binance #bitcoin #grayscale
#CRYPTO News >_ Grayscale Investments launches exclusive staking income fund for wealthy clients
#grayscale
#grayscale
📌 The approval of U. S. spot Ether ETF will depend on how quickly issuers can respond to comments from the Securities and Exchange Commission, says chairman Gary Gensler.
#grayscale #BTC #SpotETF #GaryGensler
#grayscale #BTC #SpotETF #GaryGensler
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#grayscale Investments and Bitwise have filed with the U.S. Securities and Exchange Commission (SEC) to list Options products in spot #Ethereum✅ #ETF offerings.
According to a filing by both asset managers, if approved, the New York Stock Exchange (NYSE) has been contractually assigned as the stock trading platform to list the products. $ETH
Don't Forget to Participate in the Airdrop Event Pinned in Profile!
According to a filing by both asset managers, if approved, the New York Stock Exchange (NYSE) has been contractually assigned as the stock trading platform to list the products. $ETH
Don't Forget to Participate in the Airdrop Event Pinned in Profile!
#CathieWood ’s $ARK #BitcoinETF has record $87M outflow, surpassing GBTC
Today marked the second consecutive day of outflows from ARK 21Shares’ spot Bitcoin ETF, Cathie Wood's ARK 21 Shares Bitcoin exchange-traded fund (ETF), witnessing more than $87 million in daily outflows. This marks the first instance where the fund experienced larger daily outflows compared to Grayscale’s Bitcoin Trust (GBTC) since the launch of spot Bitcoin ETFs in the United States.
Preliminary data from Farside Investors indicates that the outflow from Ark 21Shares fund (ARKB) amounted to $87.5 million on April 2, approximately equivalent to 1,300 BTC. Notably, this follows the fund's loss of $300,000 in assets on its inaugural day of outflows on April 1.
#grayscale , which has consistently posted outflows every trading day since its transition to a spot ETF, reported another daily outflow of $81.9 million. Despite this, it was a comparatively low outflow day for GBTC, which has seen an average outflow of $254 million per day over the past five trading days, resulting in a total outflow of approximately $15.1 billion in the last three months.
However, a $150.5 million inflow for BlackRock's fund contributed to a net aggregate inflow of $40.3 million for the day, despite the outflows from ARKB and GBTC.
Although ARKB experienced two consecutive days of outflows, it remains the third-largest among the ten newly launched spot ETFs, excluding Grayscale, with assets under management (AUM) totaling $2.2 billion.
ARKB trails behind BlackRock’s and Fidelity’s funds, which command AUMs of $14.1 billion and $7.6 billion, respectively. Additionally, ARKB ranks as the sixth-largest holder of BTC among funds, corporations, and miners, currently holding a total of 44,662 BTC on its books, according to data from HODL15Capital.
Despite GBTC shedding a significant 291,000 Bitcoin since its ETF conversion, it continues to lead in terms of total Bitcoin held, with approximately 329,000 Bitcoin held at the time of publication.
Source - cointelegraph.com
#CryptoNews🔒📰🚫 #BinanceSquareTalks
Today marked the second consecutive day of outflows from ARK 21Shares’ spot Bitcoin ETF, Cathie Wood's ARK 21 Shares Bitcoin exchange-traded fund (ETF), witnessing more than $87 million in daily outflows. This marks the first instance where the fund experienced larger daily outflows compared to Grayscale’s Bitcoin Trust (GBTC) since the launch of spot Bitcoin ETFs in the United States.
Preliminary data from Farside Investors indicates that the outflow from Ark 21Shares fund (ARKB) amounted to $87.5 million on April 2, approximately equivalent to 1,300 BTC. Notably, this follows the fund's loss of $300,000 in assets on its inaugural day of outflows on April 1.
#grayscale , which has consistently posted outflows every trading day since its transition to a spot ETF, reported another daily outflow of $81.9 million. Despite this, it was a comparatively low outflow day for GBTC, which has seen an average outflow of $254 million per day over the past five trading days, resulting in a total outflow of approximately $15.1 billion in the last three months.
However, a $150.5 million inflow for BlackRock's fund contributed to a net aggregate inflow of $40.3 million for the day, despite the outflows from ARKB and GBTC.
Although ARKB experienced two consecutive days of outflows, it remains the third-largest among the ten newly launched spot ETFs, excluding Grayscale, with assets under management (AUM) totaling $2.2 billion.
ARKB trails behind BlackRock’s and Fidelity’s funds, which command AUMs of $14.1 billion and $7.6 billion, respectively. Additionally, ARKB ranks as the sixth-largest holder of BTC among funds, corporations, and miners, currently holding a total of 44,662 BTC on its books, according to data from HODL15Capital.
Despite GBTC shedding a significant 291,000 Bitcoin since its ETF conversion, it continues to lead in terms of total Bitcoin held, with approximately 329,000 Bitcoin held at the time of publication.
Source - cointelegraph.com
#CryptoNews🔒📰🚫 #BinanceSquareTalks