One of the safest bets for a crypto story during a slow news cycle is bitcoin price. After last month’s mild rally, the cryptocurrency’s price hasn’t seen much action in July. But Standard Chartered is predicting good things for it for the future. According to the bank, bitcoin price could jump to $50,000 by the… Read More Notes 7/11: Bitcoin Price, GBTC Discount
It is time to take out the popcorn. The New York Attorney General’s office has handed documents related to its 2021 settlement with stablecoin issuer, Tether, to CoinDesk. The publication is said to be “reviewing” the documentation. Tether has never submitted its finances to a comprehensive audit; instead, it published attestations – snapshots of its… Read More Notes 6/16: Tether Documents, Ether As An “Other” Token, and Bitcoin ETFs Again
The Grayscale Bitcoin Investment Trust’s (GBTC) bid to overturn the SEC’s rejection of its spot bitcoin ETF last year received a shot in the arm from a US Appellate Court today. Questioning by Judge Neomi Rao and Judge Sri Srinivasan made news and upped the odds that Grayscale might prevail against the agency. Fraud in… Read More Notes 3/7: Grayscale ETF, OKB Again
Among the limited number of bitcoin-related investments available to investors, the Grayscale Bitcoin Trust (GBTC) is the most well-known. It was the first publicly traded investment vehicle in public markets and has the biggest number of assets under management. In the last year, however, GBTC’s popularity has waned. Its shares, which traded at significant premiums… Read More What Does The Future Hold For GBTC?
Bitcoin’s fortunes may have tumbled this year but its advocates are not backing down yet. Investment firm Grayscale is pulling out all stops in its bid to get approval for conversion of its Grayscale Bitcoin Trust (GBTC) – a closed-end fund for accredited investors – to an ETF. The company submitted its application to the… Read More Grayscale Launches Advertising Blitz For Bitcoin ETF Approval
The Bitcoin ETF season is upon us. After a wait of eight years and multiple rejections from the Securities and Exchange Commission (SEC), a Bitcoin ETF finally made a record-setting debut in public markets. With a trading volume of slightly more than a billion dollars, the ProShares Bitcoin Strategy ETF (BITO) had the second-highest trading… Read More Futures-Based Bitcoin ETFs: Not a Good Trade for Retail Investors