2024-3-19 13:42 |
GBTC has seen $12 billion in outflows since due in part to its high fees compared to its competitors.
Similar to Notcoin - Blum - Airdrops In 2024
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Crypto asset management firm Grayscale with $26 billion allocated in its ETF fund GBTC plans to drop fees as its outflows reach $12 billion. Grayscale CEO Michael Sonnenshein has announced plans to reduce fees on the Grayscale Bitcoin Trust ETF…
2024-3-19 15:51 | |
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Outflows from Grayscale have been more than net inflows into other spot ETFs. The management fees charged by Grayscale were the highest among all ETF issuers. Bitcoin [BTC] dipped below $41,The post Bitcoin's price drop and Grayscale outflows - Here's what's up appeared first on AMBCrypto.
2024-1-23 21:30 | |
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In the latest developments in the crypto market, the Grayscale Bitcoin Trust (GBTC) ETF is facing significant challenges, with billions of dollars in outflows over the past week. Grayscale’s struggle is underscored by the rise of competing funds and a complex interplay of fees and market dynamics.
2024-1-19 19:47 | |
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In the last 24 hours, the cryptocurrency market cap saw net outflows of around $20 billion and currently stands at $1. 14 trillion — down 1. 16% from $1. 16 trillion. During the period, Bitcoin (BTC) and Ethereum’s (ETH) market cap fell 1.
2023-5-9 14:45 | |
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Arbitrum faces problems as stablecoin outflows on the protocol increase. Fees collected by the protocol declined, but Arbitrum held onto a high TVL. Arbitrum [ARB] has managed to dominate thThe post Arbitrum in rough waters as the protocol shows a decline in these key metrics appeared first on AMBCrypto.
2023-4-20 21:30 | |
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Grayscale Investments CEO Michael Sonnenshein has resigned from the asset manager amid mass investor departures from the firm’s GBTC ETF.
Many prominent crypto commentators are concerned that this will make crypto firms even more reluctant to do business in the United States.
Grayscale CEO Michael Sonnenshein emphasized the need for a balanced regulatory approach to cryptocurrency to avoid hindering innovation in the United States.
Grayscale had expected it wouldn’t be able to voice arguments until the second quarter, and is calling the quicker timeline “welcome news.”
"We are seeing a new group of investors who are Ethereum-first and in some cases Ethereum-only," Michael Sonnenshein told Bloomberg.
Grayscale Investments has filed to register its bitcoin trust as an SEC reporting company, potentially the first crypto vehicle to attain such status.