Cryptocurrency Analysis and News Portal
Cathie Wood's Ark Investment has reported holdings of 639,069 shares in Grayscale's Ethereum Trust for Q1 — currently worth around $20.9 million at today’s prices.ARK Investment has bought 639,069 shares of the Grayscale Ethereum Trust. pic.twitter.com/ofXD5F7QpA— Documenting Ethereum (@DocumentEther) May 18, 2021 The news of Ark’s major investment into Ethereum
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Stablecoins backed by fiat and other assets are increasingly gaining
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Distrust is at an all-time high in the United States, particularly following the recent elections, and where the U.S. goes the world often follows. In November’s presidential election President Trump called the election “rigged” before it began and refused to concede when the results went against him. As a result
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Digital asset custodian First Digital Trust has secured funding to bring crypto asset payment services and upgrades to the Asia Pacific region.The Hong Kong-headquartered company has raised $2.15 million in a convertible note funding round led by private investors including Asian venture studio Nogle. The total funding for the firm
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After spending the entire month of March at a loss, the downtrend in Grayscale Bitcoin Trust premium has extended. At the time of publication, the premium stands at -11.45%, near its all-time low at -14%. GBTC trading at a discount. Source: Ycharts In contrast, the Canadian Purpose Bitcoin ETF had a nearly
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To function effectively, society has long depended on people having faith in their institutions. Thanks to the COVID-19 pandemic and wide-ranging failures of leadership, that faith has been tested like never before.Nowhere is the decline in trust more evident than in the financial services sector. In its 2021 Trust Barometer,
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Since 2017, investors have been anxiously awaiting a Bitcoin ETF approval as the existence of such a fund was an important symbol of mass adoption and acceptance from the realm of traditional finance. On Feb. 18, the Toronto Stock Exchange hosted the official launch of the Purpose Bitcoin ETF and the
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In brief:Grayscale Bitcoin Trust (GBTC) closed yesterday at a 3.77% discountA discounted GBTC could point towards bearish Bitcoin sentiment amongst institutional investorsBitcoin dipped to the $44k support zone and could be headed lower with the weekly/monthly closeThe Grayscale Bitcoin Trust (GBTC) closed trading yesterday, February 25th, at a 3.77% discount.
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