At 10:30 a.m. Eastern Time (ET) on Friday, Grayscale’s GBTC reported a decrease of 10,871.56 bitcoin from its holdings compared to Thursday. In contrast, since its inception on Jan. 11, 2024, Blackrock’s IBIT has accumulated a total of 49,952.32 bitcoin worth $ 1.98 billion. Grayscale’s GBTC Sees Significant Bitcoin Outflow as Blackrock’s IBIT …
Recent data reveals that Blackrock, the globe’s leading asset manager boasting over nine trillion in assets under management (AUM), now possesses 33,430.56 bitcoin, valued at approximately $ 1.34 billion. Similarly, the financial powerhouse Fidelity has increased its bitcoin holdings, with the Fidelity Wise Origin spot bitcoin exchange-traded fund (ETF) now owning 30,169.54 bitcoin, equivalent …
Recent data reveals that since the update on Grayscale’s website three days prior, the firm’s most recent figures indicate a significant reduction in its holdings, with over 11,189 bitcoin, valued at approximately $ 477 million, being withdrawn from GBTC’s reserves. Concurrently, the introduction of spot bitcoin exchange-traded funds (ETFs) by Blackrock, Fidelity, and other …
The U.S. Securities and Exchange Commission (SEC) has held multiple meetings with spot bitcoin exchange-traded fund (ETF) issuers regarding their applications. “The SEC is busier than Santa’s elves,” said a Bloomberg ETF analyst, noting that Blackrock, the world’s largest asset manager, recently met with the SEC three times. More Spot Bitcoin ETF Issuers Meeting With […]
Financial services giant Fidelity recently met with the U.S. Securities and Exchange Commission (SEC) regarding its spot bitcoin exchange-traded fund (ETF) application. Like Blackrock, the world’s largest asset manager, Fidelity appears to be pushing to use the in-kind creation model for its spot bitcoin ETF. Fidelity’s Meeting With SEC Officers from financial services giant Fidelity […]