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Genesis Seeks Approval to Sell $1.6B in Bitcoin, Ether Trust Holdings – CoinDesk

Bankrupt crypto financier Genesis filed a motion Friday asking a U.S. judge to approve the sale of more than $1.6 billion in Bitcoin. (Bitcoin),ether (Ethereum) and Ethereum Classic (etc) Held in Grayscale’s trust product. If this motion is approved, the market could see even more selling pressure on Bitcoin. Exchange FTX went bankrupt in January […]

BlackRock Bitcoin ETF passes $2B holdings as GBTC outflows dip 50% – Cointelegraph

Bitcoin (BTC) was stuck at $42,000 in Wall Street trading on January 29 as new exchange-traded funds (ETFs) began to outflow. BTC/USD 1 hour chart. Source: TradingView Bitcoin ETF comfortably absorbs GBTC outflows Data showed that BTC price trend continues to retreat from the local high of $42,800 seen over the weekend. Fresh off a […]