Grayscale, powerhouse in digital asset management with over $50 billion in assets, shakes up cryptocurrency investment landscape with launch of BTC, new Bitcoin ETF
Grayscale , the renowned digital asset management firm with over $50 billion in assets under management, has announced the launch of a new Bitcoin ETF, dubbed BTC. This move comes as Grayscale files for a mini fund similar to GLDM (Gold MiniShares Trust), allowing holders of its flagship product, GBTC, to access the new offering with lower fees pending SEC approval.
Eric Balchunas, Senior ETF Analyst for Bloomberg, believes this move aims to address the exodus of investors from GBTC, where fees stand at 1.5%, significantly higher compared to other Bitcoin ETFs on the market. To stop the exodus. My guess is they really hearing it from GBTC investors trapped in there paying 1.5% while everyone else pays 20-30bps. This is a way to satiate those investors and perhaps attract new ones. iShares invented this move w/ IEMG vs EEM when EEM was getting...is strategic, serving to retain GBTC investors while attracting new ones
Grayscale Digital Asset Management Bitcoin ETF Cryptocurrency Investment
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Grayscale’s bitcoin ETF sees ‘bearish engulfing’ pattern after being its most overbought in yearsExtreme overbought readings can more often than not be bullish, based on the ETF’s trading history
Baca lebih lajut »
Spot Ether ETF: 'No Grounds for Disapproval,' Major Expert SaysRecent SEC meeting with Grayscale, Coinbase representatives is good news for spot Ethereum (ETH) ETF enthusiasts
Baca lebih lajut »
Bitcoin price rally eases as Grayscale calls out SEC for unfair discrimination against its shareholdersBitcoin (BTC) price has suffered a rejection from a multi-year supply barrier, but this correction looks healthy to give sidelined investors and late buyers a chance to buy the dip.
Baca lebih lajut »
Bitcoin Flirts With $52K on Strong Spot ETF Inflows; Crypto Hacks Are on the RiseBitcoin (BTC) is trading near the $52,000 level following strong spot BTC ETFs inflows. K33 senior analyst Vetle Lunde weighs in on the driving force behind the performance of the ETF products and his bitcoin price outlook for the rest of the year. Plus, insights on the latest hacks and exploits in the crypto industry.
Baca lebih lajut »
Bitcoin Flirts With $52K on Strong Spot ETF Inflows; Crypto Hacks Are on the RiseBitcoin (BTC) is trading near the $52,000 level following strong spot BTC ETFs inflows. K33 senior analyst Vetle Lunde weighs in on the driving force behind the performance of the ETF products and his bitcoin price outlook for the rest of the year. Plus, insights on the latest hacks and exploits in the crypto industry.
Baca lebih lajut »
This is How Bitcoin ETF Inflows Are Affecting BTC’s Price MovementCrypto Blog
Baca lebih lajut »