Tag: Investors

Grayscale tells SEC that turning biggest bitcoin fund into ETF will unlock $8 billion for investors

boss

Michael Sonnenshein, CEO, Grayscale Investments at the NYSE, April 18, 2022. Source: NYSE Grayscale, the asset manager running the world’s largest bitcoin fund, met privately with the Securities and Exchange Commission last week in an effort to persuade the regulator to approve the conversion of its flagship fund into an ETF, CNBC has learned. Turning the Grayscale Bitcoin Trust into a NYSE-traded ETF would broaden access to bitcoin and enhance protections while unlocking up to $8 billion in value for investors, according to a 24-page presentation obtained by CNBC. That’s…

Market Downtrend Trigger Bitcoin Inflows From Institutional Investors

boss

The market continues to be in disarray as the price of bitcoin has now fallen to the low $30,000s. This had been preceded by declining faith in the market thus translating to fewer inflows/more outflows in the last couple of weeks. However, with the price now at the lowest, it has been this year, institutional sentiment towards the digital asset has changed and this has resulted in significant inflows into the digital asset for the first time in weeks. $45 Million Flows Into Bitcoin Bitcoin has now seen inflows following…

Michael Saylor assuages investors after market slumps hurts MSTR, BTC

boss

MicroStrategy’s CEO and Bitcoin proponent Michael Saylor is confident his firm’s BTC holdings will more than cover a potential margin call on Bitcoin-backed loans. The American business intelligence and software giant made headlines in 2021 with a number of major investments into Bitcoin. Saylor was a driving force behind MicroStrategy’s decision to convert its treasury reserve into BTC holdings. Global markets have suffered major losses in early May and Microstrategy’s stock has not been spared. MSTR has seen its value drop by 24% and the value of Bitcoin has also…

Bitcoin (BTC) investors panic as terraUSD (UST) sinks below $1 peg

boss

Bitcoin is now down 50% from its November all-time highs. Artur Widak | Nurphoto | Getty Images Investors in bitcoin are in panic mode as the controversial terraUSD stablecoin slips further from its intended $1 peg. TerraUSD, or UST, sank below 70 cents for the first time late Monday, as holders continued to flee the token in what some have described as a “bank run.” The token fell as low as 62 cents before regaining ground to trade at 90 cents Tuesday, according to Coinbase data. Created by Singapore-based Terraform…

Investors Fear Recession Whilst Percentage of Long-Term Holders Grow – Blockchain News, Opinion, TV and Jobs

By Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock Bitcoin continues to fall and reached a key level of support, dropping below $33,000. After the Federal Reserve raised rates by 50 basis points last week, Bitcoin rallied suggesting that this was priced in. However, this was nothing more than a relief bounce as Bitcoin has fallen almost 18% in 5 days. Investors are clearly concerned about the aggressive monetary policy from the Federal Reserve, as they will also begin Quantitative Tightening (removal of liquidity from the market) in June. In…

Bitcoin ETP Outflows Spell Bearish Sentiment Among Institutional Investors

boss

Bitcoin ETPs have become more popular than ever since the SEC approved multiple bitcoin ETPs in the fourth quarter of 2021. They had subsequently had a good run with hundreds of millions of dollars flowing into these ETPs. They provided a way for institutional investors and others who didn’t want any direct exposure to the digital asset to trade on it. However, it seems the wind is starting to change as outflows become the order of the day. Outflows Rock Bitcoin ETPs The market is still reeling from entering a…

The Best Opportunities For Traders And Passive Investors

boss

As the crypto market grows and enjoys broader participation from the global investment community, the products and services offered must be increasingly competitive, easy to use, and more robust by the day. Not only must there be many options for active traders and investors, but today there also must be plenty to satisfy the appetite of passive investors who want to put their money to work without doing extra work themselves. Three platforms stand out as services that offer several ways for passive investors and traders to earn income without…