Estimated $1.1B flees GBTC in 3 days as ARK begins buying own Bitcoin ETF – Cointelegraph
Grayscale's Spot Bitcoin (BTC) Exchange Traded Fund (ETF)'s discount rate narrowed to its lowest level in nearly three years, causing investors to rush out of the fund over the past three days. The transaction took an estimated $1.1 billion out of the fund. There was an estimated outflow of $594 million on the third day […]
Ark Invest CEO Cathie Wood addresses bitcoin ETF approval ‘hoax’
Ark Invest CEO Cathie Wood has responded to a hacker who posted an endorsement for a Spot Bitcoin ETF on “The Claman Countdown.” Industry expert Cathie Wood commented on Securities and Exchange Commission (SEC) Chairman Gary Gensler's erroneous post about X that disrupted Bitcoin prices and caused confusion for investors. “I was actually doing an […]
Grayscale, VanEck and ARK Bitcoin ETFs Register to Trade on Exchanges – Decrypt
The three companies vying to offer spot Bitcoin ETFs in the U.S., Grayscale, VanEck, and ARK, have received approval to trade the funds on their respective exchanges. Grayscale Bitcoin Trust, a Bitcoin investment vehicle for accredited investors, currently trades as a commodity investment product on OTCQX under the ticker GBTC. If Grayscale's bid to convert […]