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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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The surge came as investors turned optimistic about being able to redeem funds in the future, and Grayscale potentially winning an on-going lawsuit against the U.S. Securities and Exchange Commission (SEC) about converting the fund into an ETF after news about BlackRock’s filing for an ETF. GBTC doesn’t allow redemptions
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Many crypto observers keenly awaited how GBTC’s discount would react to the news about BlackRock, the world’s largest ETF issuer and a mainstay in the traditional finance world, attempting to register a spot BTC ETF with the U.S. Securities and Exchange Commission (SEC). Multiple investment managers, including WisdomTree, VanEck, Ark
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The range, or the difference between the high and the low reached in the seven days to May 21, was 3.4%. That's one of the narrowest in the past three years and comparable to lackluster trading seen at the start of the year, for a brief moment last month and
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Amazon specified that it is interested in candidates who can develop cutting-edge ML solutions for mass adoption. The supremacy battle for the best Artificial Intelligence (AI) and Machine Learning (ML) ecosystem has pushed the fourth most popular site in the United States Amazon (NASDAQ: AMZN) to advertise new jobs focused on this
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In Q1 2023, the bitcoin miner's net loss per share narrowed to 1 cent, from 8 cents the previous quarter. Source
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The three judge panel appeared skeptical of the SEC’s reasoning for denying conversion of the trust to an ETF. Original Source
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Laurent Kssis, a crypto trading adviser at CEC Capital, said that with GBTC trading at such a discount it makes sense to hold some of the shares, however, traders must be brave if bitcoin’s price continues to slide. Kssis said that he is not hearing of investors buying more GBTC
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“The GBTC discount compressing may be the product of traders betting on either the complete unwind of the trust or Grayscale being forced to enable full/partial redemptions,” said Sean Farrell, head of digital asset strategy at Fundstrat. “However, it is tough to draw any conclusions just yet since volumes are
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