Bitcoin ETFs have first net outflows in weeks
After adding billions of dollars in funds this month, bitcoin ETFs ended 10 days of consecutive inflows on Monday.
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After adding billions of dollars in funds this month, bitcoin ETFs ended 10 days of consecutive inflows on Monday.
Read more (1 min) →Grayscale has over 530,000 bitcoin and could theoretically keep selling into mid-March, but as a passive ETF manager, that's highly unlikely.
Grayscale must ensure that GBTC’s share price tracks bitcoin's price. This requires selling and buying bitcoin every day.
Silbert is under fire after $580 million in outflows from Grayscale's Bitcoin Trust (GBTC) last week was blamed for a dip in bitcoin’s price.
Grayscale has won a victory in its case against the SEC, with the judge ruling previous denials of GBTC ETF conversion were "arbitrary."
BlockFi says it no longer invests in GBTC as a corporation at all and is merely working on settling some loans that used GBTC as collateral.
Greyscale's lawsuit escalates the GBTC crisis, blaming the SEC for the ongoing NAV discount — but is it really as simple as that?