Tag Archives: Grayscale

CoinspeakerSpot Bitcoin ETFs Rebound with $62.09M Inflow, while GBTC Continues Outflow Trend In an attempt to reverse its fortunes, Grayscale revealed its plan to launch an innovative low-cost version of its GBTC fund named "Grayscale Bitcoin Mini Trust" with just 0.15% fees. Spot Bitcoin ETFs Rebound with $62.09M Inflow, while GBTC Continues Outflow Trend

The world’s largest asset manager is aiming to retain its position as leader of the spot Bitcoin ETF market following a massive exodus of capital from its flagship GBTC product. In order to do this, Grayscale has applied for a smaller Bitcoin ETF with highly competitive fees to compete with its ten rivals. According to its latest filing with the US Securities and Exchange Commission, Grayscale’s new ETF, the Bitcoin Mini Trust, has set fees at just 0.15%. Grayscale Mini-BTC...

CoinspeakerCrypto Inflows Slips to $646M as Bitcoin ETF Hype Takes Breather The dwindling interest in spot Bitcoin ETF may have been caused by a drop in BTC price from its ATH of $73,750 to $67,000. Crypto Inflows Slips to $646M as Bitcoin ETF Hype Takes Breather

CoinspeakerGrayscale Drops Cardano From Its Large Cap Fund, ADA Price Down Over 12% This Week Grayscale Investments, a subsidiary of Digital Currency Group (DCG), announced on Thursday that it has henceforth dropped ADA and ATOM from its Grayscale Digital Large Cup Fund. Grayscale Drops Cardano From Its Large Cap Fund, ADA Price Down Over 12% This Week

CoinspeakerDigital Asset Investment Products Rebound with $862M Inflows, ETF Activity Slows Down While the Bitcoin investment products registered strong inflows, the Ethereum products registered their fourht consecutive week of outflows. Digital Asset Investment Products Rebound with $862M Inflows, ETF Activity Slows Down

On March 29, the firm announced its Grayscale Dynamic Income Fund (GDIF) stating that it is its first actively managed investment product. Grayscale added that the new fund aims to optimize income in the form of staking rewards associated with proof-of-stake crypto assets. It is the latest effort from the world’s largest crypto asset manager to retain clients and capital following a huge exodus from its flagship product (GBTC) and its conversion to a spot Bitcoin ETF....

CoinspeakerBitcoin ETFs Witness 4th Consecutive Day of Surging Inflows, Amass 500K BTC Worth $35B Despite­ the uncertainty regarding Ethere­um ETFs, the overall projection for Bitcoin is favorable­. Bitcoin ETFs Witness 4th Consecutive Day of Surging Inflows, Amass 500K BTC Worth $35B

Grayscale CEO Michael Sonnhenshein has promised to lower the management fee of the company’s spot Bitcoin ETF, whose above-average cost has led to overwhelming outflows in recent months. In an interview with CNBC on Monday, the executive promised that the fee will drop over time as the crypto ETF market matures. “I’ll happily confirm that, over time, as this market matures, the fees on GBTC will come down,” he said. Upon converting into an ETF on January 11, the fund dropped...

Ethereum staking could present challenges for crypto asset manager Grayscale if the SEC greenlights fund conversion for ETHE as it did for GBTC. These are the findings of BitMEX research, which added that if the SEC does not allow staking, then there will be large outflows from the firm’s ETHE fund, larger than those from its Bitcoin ETF. “All the more reason to redeem from ETHE as soon as you can,” it advised. Staking Allowed in ETFs? Moreover, if Grayscale lowers the fee...

CoinspeakerGrayscale Announces Plan to Drop Fee on Its GBTC Bitcoin ETF amid Massive Outflows Grayscale's Sonnenshein justified high fees due to GBTC's liquidity and track record. He explained that other ETFs may offer lower fees because they lack a proven track record, and issuers are enticing investors with fee incentives. Grayscale Announces Plan to Drop Fee on Its GBTC Bitcoin ETF amid Massive Outflows