Statistics reveal that Grayscale’s Bitcoin Trust (GBTC) has offloaded a further quantity of bitcoin, with the fund’s holdings decreasing from Tuesday’s 552,681.22 bitcoin to Wednesday’s total of 536,694.93 bitcoin. Over the last day, the fund experienced an outflow of 15,986.29 bitcoin, as per data from the official website. Grayscale’s Bitcoin Trust Reduces Holdings by Over […]
Warning of a difficult time ahead for the crypto market, global investment bank JPMorgan has downgraded Coinbase stock. Emphasizing that crypto prices are already under pressure, JPMorgan warned of “greater potential for cryptocurrency ETF enthusiasm to further deflate,” driving with it lower crypto prices and trading volume. JPMorgan’s Crypto Market Outlook, Coinbase’s Downgrade Global investment […]
Jim Cramer, the host of CNBC’s Mad Money show, has warned of a bitcoin selloff. While cautioning investors about investing in bitcoin and the newly launched spot bitcoin exchange-traded funds (ETFs), he said: “I’m not as stridently against these new investment vehicles as Gary Gensler is … At this point, Bitcoin’s been around for 15 […]
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a significant reduction in its holdings, with over 11,189 bitcoin, valued at approximately $ 477 million, being withdrawn from GBTC’s reserves.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 …
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler sees irony in the approval of spot bitcoin exchange-traded funds (ETFs). “This was about centralization and traditional means of finance,” said Gensler, warning: “Investors should be aware that this underlying asset is a highly speculative, volatile asset, and amongst its use cases is really for illicit […]