Grayscale report: Bitcoin, crypto market poised for growth pending stable macroeconomy. Bitcoin resilient despite April dips. Fed hints at rate cuts amidst inflation concerns. Positive crypto developments include Bitcoin halving, stablecoin market growth.
EdmundHong Kong's spot Bitcoin ETFs saw second straight day of outflows, with 90.16 BTC leaving on Thursday. China Asset Management's ETF led outflows, reversing earlier inflow trends. Despite this, total AUM for all three ETFs reached 4,260 BTC and $261.45 million. Investor behavior shifts with $5.5 million total daily outflows.
EdmundHoskinson voices concerns over Biden administration's crypto approach, criticizes SEC's SAB 121. Warns of talent exodus and urges voting for crypto-friendly candidates. Contrasts Biden's stance with Trump's support for crypto. Calls for voter prioritization of crypto issues in upcoming elections.
Xu LinEU explores integrating cryptocurrencies into €12 trillion investment market, potentially eclipsing US crypto ETFs. ESMA's consultation on crypto under UCITS framework heralds a significant shift. Despite benefits, challenges like aligning custody practices remain, indicating a complex path ahead.
Xu LinViaBTC underscores the significance of Bitcoin transaction fees, propelled by applications like Ordinals and Runes, in sustaining miners amidst halving events. Despite challenges, ViaBTC's record-setting transaction fee on halving day highlights the potential of increased network activity for miner compensation, aligning with Satoshi Nakamoto's vision.
Huang BoVan de Poppe warns of Bitcoin's vulnerable position, signaling a possible dip to $52,000-$55,000. Declining whale accumulation and bearish market trends heighten concerns despite ongoing demand from American spot Bitcoin ETFs and MicroStrategy.
EdmundGrayscale's Q1 revenue flat despite GBTC's conversion to ETF; outflows prompt fee reconsideration. US spot Bitcoin ETFs face competition; DCG sees 11% revenue rise; Foundry and Luno subsidiaries thrive amidst volatility.
Huang BoDOGE price dips 5.8% after Robinhood's SEC trouble. Tight BTC correlation adds pressure. Technical analysis points to $0.143-$0.146 support zone. Resilient indicators offer cautious optimism.
Huang BoPublicly traded companies collectively hold over $19 billion worth of Bitcoin in their treasuries. Leading the pack are prominent names such as MicroStrategy, Tesla, and Coinbase, along with Bitcoin mining firms.
KikyoEthereum's DenCun upgrade leads to inflationary trend, challenging its previous deflationary narrative. Decreased burning rate and increased supply post-upgrade indicate shifting economic dynamics, prompting reassessment of Ethereum's role as "Ultrasound money."
Huang BoSEC delays decision on BlackRock's spot Ethereum ETF, signaling ongoing regulatory scrutiny. Binance.US faces challenges in Florida and Alaska, while Abra settles with Texan regulators.
EdmundGrayscale Research’s analysis shows that traditional balanced portfolios can achieve higher risk-adjusted returns with a modest allocation to cryptocurrencies (approximately 5% of total financial assets).
JinseFinanceIn a series of recent meetings, the SEC engaged with key industry players, including Grayscale and BlackRock, discussing proposed spot Bitcoin ETFs. While detailed talks centered around rule changes and transaction models, the SEC has yet to announce approval for any spot Bitcoin ETF, maintaining a cautious stance.
EdmundGrayscale Investments is actively pursuing SEC approval for its Grayscale Bitcoin Trust's conversion into a spot bitcoin ETF. Recent discussions with the SEC revolve around NYSE Arca's proposed rule change. Grayscale's persistent efforts, court mandates, and engagements with BNY Mellon showcase its commitment. GBTC outlines plans for listing and ongoing share issuance. The broader industry, including major players like BlackRock and Fidelity, is also navigating the SEC approval process for spot bitcoin ETFs.
Huang Bo
Coinlive Part Three: 3AC, Grayscale, Genesis, and DCG
EspressoIn response to the U.S. Securities and Exchange Commission's denial of a request to convert its Bitcoin trust into an ...
BitcoinistGrayscale, the biggest crypto asset manager worldwide, has hired Donald B. Verrilli, the former Solicitor General of former US President ...
BitcoinistGrayscale wrote: "Ethereum is like New York City: it's big, expensive, and crowded in some areas. However, it also has the richest application ecosystem."
CointelegraphCEO Michael Sonnenshein said the firm’s European rollout would be done piecemeal due to various regulatory regimes and investor attitudes.
Cointelegraph