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Before Elon Musk bought Twitter and renamed it X, a blue checkmark – like the one emblazoned on @Grayscale_FND’s account – was a sign the account was verified, that some measure of thought and vetting had occurred before the account got that label. Now, it means the account owner can
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On August 29, the US Court of Appeals ruled in favor of Grayscale in its legal battle against the US Securities and
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Bitcoin (BTC) investment vehicle, the Grayscale Bitcoin Trust (GBTC) could erase its BTC price “discount” in 2024.In an X post on Aug. 30, monitoring resource CoinGlass predicted that the so-called “GBTC premium” would soon return.GBTC price: From "elevator to hell" to "stairway to heaven?"Grayscale netting a court victory over United
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Some investors, however, have been purchasing GBTC shares over the last three to six months betting on a narrowing discount in case of a favorable court decision, Doug Schwenk, CEO of crypto data provider Digital Asset Research, explained in an emailed note. Source
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Among publicly-traded crypto names moving higher are Coinbase (COIN), up 13% and MicroStrategy (MSTR), up 9%. The thoroughly roughed-up miners are posting even bigger moves, with Marathon Digital (MARA) ahead 24%, and Riot Platforms (RIOT) and Hut 8 Mining (HUT) each gaining 16%. Original Source
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The court decision comes after a flurry of large institutions filed applications for spot bitcoin ETFs, with asset manager BlackRock filing its application in June. BlackRock’s filing generated a large amount of optimism that a spot bitcoin ETF might be approved. Others like Fidelity, the large mutual-fund manager, have also
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Bitcoin could reach $300,000 by 2028, said Mark Yusko, Morgan Creek Capital Management founder and CEO, on CryptoX TV’s First Mover. Yusko made the prediction while comparing bitcoin to gold. Gold is not portable or divisible, whereas bitcoin is, the CEO of the $1.6 billion asset management firm explained. "Bitcoin
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The latest price moves in bitcoin (BTC) and crypto markets in context for July 11, 2023. First Mover is CryptoX’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
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While optimism for SEC approval of a spot bitcoin ETF is running high at the moment, continued investor caution could be warranted. "I had a really good laugh when we saw the BlackRock [spot bitcoin ETF] filing come out," said Opimas CEO and founder Octavio Marenzi, appearing on CoinDesk TV
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Compared with Grayscale’s ETHE trust, GBTC’s volume significantly outperformed in trading volume. Since September, GBTC's trading volume rose from $35.6 million to $45 million in June 2023, capturing 74% of the total trading volume for trust products, compared to 50.9% in September. ETHE's volumes declined from $31 million in September
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