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grayscale btc etf blockchain cryptocurrency GBTC (SpotedCrypto)

Traditional asset managers may consider acquiring Grayscale to enter the crypto space.

A third-party acquisition of Grayscale is a possibility, according to Coindesk, citing multiple industry sources. Grayscale holds the most bitcoin among institutional investors, and while asset managers are catching up with the recent approval of BTC spot ETFs, it remains an influential player in the industry. Nate Geraci, CEO of

Grayscale gbtc ark investment btc etf (SpotedCrypto)

Grayscale sees net outflows of BTC on day 8, while Ark Investments bought $14.5 million worth of the Spot BTC ETF

The Grayscale Bitcoin Spot ETF GBTC saw net outflows of $5.15 billion on day 8, according to BitMEX research. Cumulative net outflows stand at $3.963 billion. U.S. asset manager Ark Investment, through its ARKW fund, bought 360,830 shares ($14.5 million) of the ARK 21-Share Bitcoin

Arthur Hayes blockchain btc etf gbtc cryptocurrency (SpotedCrypto)

Arthur Hayes: "Recent BTC correction not due to net capital outflows from GBTC"

Arthur Hayes, co-founder of global cryptocurrency exchange BitMEX, wrote on his website, "The recent bitcoin correction attributed to net capital outflows from the grayscale bitcoin spot ETF GBTC is unfounded. As of the 22nd, all bitcoin spot ETFs, including GBTC, had a cumulative net inflow of $820 million. Therefore,

MagicEden user reward program nft marketplace exchange web3 (Spotedrypto)

MagicEden Launches User Rewards Program

NFT marketplace MagicEden announced today via Official X (formerly Twitter) that it is launching a user rewards program. "We have been working on a long-term, cross-chain NFT rewards program for the past year. This isn't just a points campaign, it's a plan to reward everyone

Fidelity investment falling love btc etf blockchain (SpotedCrypto)

Fidelity executive says "BTC returns to fair value band"

Jurrien Timmer, head of global macro at Fidelity, a large U.S. asset manager, wrote on his X (formerly Twitter) that "the price of bitcoin has returned to what I personally consider a fair value band". "If we set the band to reflect the slope of the

bitwise btc etf opinion blockchain (SpotedCrypto)

BTC's recent correction is due to excessive expectations around ETF approval

"BTC's recent correction is due to excessive expectations around ETF approvals," said Matt Hougan, chief investment officer at crypto asset manager Bitwise, one of the issuers of the Bitcoin Spot ETF, on X (formerly Twitter). "Strictly speaking, this correction is not an ETF-driven selloff. Even

blockchain xrp sec etf approve (SpotedCrypto)

US SEC unlikely to approve XRP spot ETF

Crypto analysts believe that the US Securities and Exchange Commission (SEC) is unlikely to approve an XRP spot ETF, Cointelegraph reports. They cite the fact that XRP does not have a futures ETF, unlike BTC and ETH, and that the SEC and Ripple are still in litigation. "Until the