Tag Archives: michael sonnenshein

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

It looks like the Grayscale Bitcoin Trust could be one of the few digital currency companies to get its way against the Securities and Exchange Commission (SEC). After several months of deliberation, the lawsuit the company filed against the federal financial agency could wind up taking a very unexpected turn. Grayscale Might Pull off a Win! Many companies have sought to take on the SEC in the past, though few have been successful. This is arguably what’s making...

Crypto analysts are convinced that 2022 will be the year in which a real bitcoin-based exchange-traded fund (ETF) comes about. To be fair, one already exists; it was established last year by Pro Shares, but that one is based on bitcoin futures. This new one, they believe, will be based on spot trading. In other words, it will be real. Will a Spot Bitcoin ETF Come About This Year? The sentiment comes following the Securities and Exchange Commission (SEC) approving an...

Not long ago, Gary Gensler – the head of the Securities and Exchange Commission (SEC) – commented on how the agency would potentially unroll an approval path for a bitcoin-based exchange-traded fund (ETF). The news had some people dissatisfied given the circumstances of the rollout, and now Michael Sonnenshein – the CEO of Grayscale, one of the world’s largest bitcoin and crypto trusts – is throwing his two cents into the mix. Michael Sonnenshein Shares His Views on a...

The Grayscale Bitcoin Trust now holds of a rather solid portion of the world’s total BTC units.Grayscale Is a Major Bitcoin ManagerChief executive officer Michael Sonnenshein commented in a recent interview that thanks to newfound respect for BTC amongst institutional traders, the Grayscale Bitcoin Trust presently manages a record three percent of the world’s total BTC thanks to an increase in activity from its professional clientele.In 2020, companies such as Square, MicroStrategy, Stone...

Bitcoin has hit a new all-time high. Just 24 hours after shooting beyond the $20,000 mark, the world’s number one digital currency by market cap has surged to $22,700, roughly $2,000 higher than where it stood just 24 hours ago.Bitcoin Is Growing Like Never BeforeThe currency has been on a serious surge over the past few weeks. Considering the asset was, at one point in mid-March, trapped below the $4,000 for a brief period, the currency has added close to $20,000 to its price in just nine...

Bitcoin has come extremely close to reaching its all-time high yet again. The currency is presently trading for well over $19,000 again, a price it first reached about a week ago today. At the time of writing, one unit of bitcoin is worth just under $19,400.Bitcoin Is Once Again Reaching for the StarsAs we all remember, bitcoin first jumped to the moon back in late December of 2017. The currency rose all the way to nearly $20,000 per unit, and many analysts believe that the same scenario is...

The last year of 2019 proved magical for the venture capital firm and crypto-asset manager Grayscale Investments. Recently, the company released its “2019 Digital Asset Investment Report” registering a record-breaking $600 million investment in a single year.The record-breaking yearly performance was the result of a record-breaking Q4 2019. In the last quarter of 2019, Grayscale garnered $225 million in different investment products, clearly hinting at a larger market trend.Besides, the...