The ten ETFs topped $10 billion in trading volume during the session, breaking last week’s daily record, according to Bloomberg data compiled by Eric Balchunas, ETF analyst at Bloomberg Intelligence. BlackRock’s IBIT, Fidelity’s FBTC, Bitwise’s BITB and ARKB, co-managed by Ark Invest and 21Shares, all broke their personal volume records, Balchunas noted. Source CryptoX Portal
Osprey Bitcoin Trust, a Delaware statutory trust, has acknowledged that its units are trading at a discount to Bitcoin’s value. The trust’s sponsor, Osprey Funds, LLC, is exploring strategic options to enhance unitholder value, including a potential sale or merger with a Bitcoin ETF. If unsuccessful, the sponsor plans to liquidate the trust within 180 days. Additionally, the trust intends to terminate the registration of its units under the Securities Exchange Act of 1934 by filing a Form 15 with the SEC. This will suspend its obligation to file specific…
Grayscale is offering an investment vehicle focused on specific proof-of-stake network tokens as it awaits an SEC verdict on its spot Ethereum ETF application. Grayscale Advisors LLC, a subsidiary of the firm behind the most significant spot Bitcoin (BTC) ETF, introduced its latest product to capitalize on staking rewards amid a boom in the crypto market and surging staking ratios on blockchains like Ethereum (ETH). The Grayscale Dynamic Income Fund (GDIF) invests in proof-of-stake (PoS) native tokens to generate yield and distribute this income to investors per quarter. Staking is…
The Grayscale Dynamic Income Fund (GDIF), the company said Tuesday, initially will own assets for nine blockchains: Aptos (APT), Celestia (TIA), Coinbase Staked Ethereum (CBETH), Cosmos (ATOM), Near (NEAR), Osmosis (OSMO), Polkadot (DOT), SEI Network (SEI), and Solana (SOL). It aims to distribute rewards in U.S. dollars on a quarterly basis. Original
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“As soon as we got together with Jan, even probably before the acquisition, bitcoin was definitely a topic,” Rozemuller said. “Jan mentioned that he was already looking at ways to maybe do something in the U.S. We told him, ‘Well, we’re actually working on something in Europe, too.’” Original
Jake Chervinsky, Chief Legal Officer at Variant Fund, raised doubts about the SEC’s approval of spot Ethereum ETFs in the U.S. by the May deadline. Chervinsky highlighted the complex legal and policy environment in Washington, D.C., as a significant factor that could lead to the SEC denying the applications or requesting their withdrawal despite the successful launch of spot Bitcoin ETFs in January. SEC Chair Gary Gensler has clarified that the approval for Bitcoin ETFs should not be interpreted as a broader acceptance of cryptocurrency ETFs, emphasizing the unique status…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Justin Sun of Tron has sparked discussions about the possibility of spot TRX ETF. Meanwhile, investors have been doubling down on Arbitrum (ARB) and InQubeta (QUBE). InQubeta can grow The InQubeta presale has raised over $10.5 million in presale. In stage 8, QUBE is trading for $0.0245. InQubeta intends to build the first crypto-based crowdfunding platform for tech startups. Within its custom-built NFT marketplace, startups will be able to…
BlackRock, the world’s largest asset manager, announced the iShares Bitcoin Trust ETF (IBIT39) launch in Brazil on Thursday. Starting today, Friday, March 1, shares of this index fund, which tracks the spot price of Bitcoin (BTC), will be traded on the Brazilian Commodities and Futures Exchange, known as B3. BlackRock Launches IBIT39 Bitcoin ETF In Brazil Karina Saade, president of BlackRock in Brazil, highlighted the company’s commitment to providing high-quality access vehicles to investors in the digital asset market. She stated: IBIT39 is a natural progression of our efforts over…
The large outflow could perhaps indicate that crypto lender Genesis started or ramped up the pace of unloading its GBTC holdings, capitalizing on bitcoin’s rally. Genesis received bankruptcy court approval on Feb. 14 to sell 35 million GBTC shares – then worth $1.3 billion, now roughly $1.9 billion – but outflows from GBTC were muted over the past two weeks until Thursday’s spike. Original