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Tag Archives: Grayscale

Grayscale Launches Mini Spot Bitcoin ETF at ‘Ultra-Low’ 0.15% Fee

The crypto investment management company has launched a new product called the Grayscale Bitcoin Mini Trust, which has the ticker $BTC. The new offering, endorsed as a spin-off of Grayscale’s Bitcoin exchange-traded fund (ETF) GBTC, has a competitive, “ultra-low” fee of 0.15%. Grayscale’s New Spin-Off Fund Months ago, Grayscale filed for the Mini Trust fund with the United States Securities and Exchange Commission (SEC). The firm describes this spin-off product as a new fund...

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Spot Ethereum ETFs Boost Trading Volumes to $14.8 Billion, Highest Since May

The debut of spot Ethereum ETFs in the United States resulted in some of the highest inflows since December 2020 over the last week. According to CoinShares, the newly launched funds attracted $2.2 billion last week. Since then, the trading volume of Ethereum ETPs has also surged by 542%. However, the inflows have been hampered by Grayscale’s existing $1.5 billion Ethereum trust, which resulted in ETH experiencing a net outflow of $285 million for the week. This mirrors the...

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Grayscale Launches New Fund Targeting Decentralized AI Protocols

The prominent crypto asset manager announced the launch of the Grayscale Decentralized AI Fund LLC on July 17th, which aims to offer investors exposure to protocols in the rapidly evolving artificial intelligence sector within the crypto ecosystem. The fund will rebalance quarterly and currently features a basket of decentralized artificial intelligence (AI) crypto protocols, such as Bittensor (TAO), Filecoin (FIL), Livepeer (LPT), Near (NEAR), and Render (RNDR). Grayscale’s...

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Back on Track: Spot Bitcoin ETFs Draw $295M on July 8th, Matching June’s High Inflows

The US spot Bitcoin exchange-traded funds (ETFs) saw nearly $295 million in net inflows on July 8th. This represented significant buying activity, which was last seen in June, when Bitcoin was hovering above $70,000. Notably, major funds have appeared to have made a comeback despite Bitcoin struggling with downward pressure. BlackRock’s IBIT Tops ETF Inflows The latest surge in investment comes as these vehicles kicked off July on a strong note. In the second week of July,...

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