GBTC

AOFEX Insight: Bitcoin-linked ETF Officially Gets Listed

The first bitcoin ETF finally gets listed in the United States after 8 years of a long journey since 2013. The U.S. SEC approved the first bitcoin-linked ETF after its 5 commission members’ discussion. It's understood if the SEC does not reject, delay or ask more questions, the bitcoin-linked ETF proposal will take effect automatically. During October 15-18, no rejection, delay or more questions were heard. At 9:30 am, October 19, ProShares’s CEO Michael Sapir rang the bell at the NYSE. It is a milestone in the history of bitcoin,

Tracking the movement of Bitcoin, Ethereum fund flows from 2020

Over the past couple of years, institutional involvement with major assets such as Bitcoin, Ethereum has been a common affair. However, it has been a difficult task to identify all sources of investments. In late 2020, Grayscale’s Bitcoin accumulation was considered the most influential institutional interest. However, it slowed down in 2021. And yet, capital continued to flow from accredited traders. In this article, we will be highlighting every fund which holds Bitcoin and Ethereum and how their activity has created an impact over a longer time period. The long

Bitcoin, Ethereum, Solana, Cardano – How did these cryptos fare in the ETP market

Digital assets like Bitcoin and Ethereum have seen a stellar rise in terms of adoption and user base over the past few months. However, the month of September did not contribute much to this growth. In fact, last month broke some trends and created history in some other ways. Bitcoin’s dominance dropped and altcoin favoritism rose. Ergo, the question – What can we expect from the market in Q4. The fall of digital assets Assets under Management (AUM) in September failed to see the same hike witnessed back in August

Billionaire Bill Miller takes plunge into GBTC with 1.5 million shares

Research Layer-1 Platforms: A Framework for Comparison The Block Research was commissioned by Algorand to create Layer-1 Platforms: A Framework for comparison, which provides a “look under the hood” at seven platforms: Algorand, Avalanche, Binance Smart Chain, Cosmos, Ethereum/Ethereum 2.0, Polkadot, and Solana. We assess their technical design, related ecosystem data, and qualitative factors such as key ecosystem members to get an understanding of how they differ. Having done this analysis, we draw some insights for what the future of the broader smart contract landscape could look like for years

Investing App Wealthfront to Offer Grayscale’s Bitcoin, Ethereum Products

As more investors turn to cryptocurrencies, Wealthfront, a Palo Alto-based firm with $25 billion in assets under management (AUM), has expanded its clients’ investment options to include Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (ETHE).Wealthfront’s new offering will also include automation features like “intelligent dividend reinvestment” and tax-loss harvesting–a feature aimed at lowering clients’ tax bills. In using GBTC and ETHE, investors won’t need to set up external wallets and take care of technical aspects such as safekeeping the private keys. All of Grayscale’s crypto products are merely meant

Cathie Wood’s ARK Invest Snaps Up $45M in Robinhood Stock

Cathie Wood’s investment firm ARK Invest was quick off the mark to purchase 1,297,615 shares of Robinhood as the company went public on Thursday.With Robinhood's stock closing its inaugural trading session on the Nasdaq at $34.82, this makes the purchase worth more than $45.1 million. According to data disclosed by ARK Invest, this was also the company’s largest purchase of the day across all six actively managed exchange-traded funds (ETFs), with the shares going to the ARK Innovation ETF (ARKK). What is Robinhood? Robinhood is a popular trading app which

Grayscale’s Bitcoin Cash and Litecoin Funds Available for Public Trading

The digital asset management firm Grayscale Investments announced on Aug 17 that its Bitcoin Cash and Litecoin Trusts are now publicly tradable. Shares of the two trusts will be traded on OTC markets under the tickers BCHG and LTCN. Bitcoin Cash and Litecoin have joined the Grayscale Bitcoin Trust (GBTC), Ethereum Trust (ETHE), Ethereum Classic Trust (ETCG), and Digital Large Cap Fund (GDLC) as being publicly tradeable. US securities investors will be able to trade Bitcoin Cash and Litecoin without having to buy and store the assets themselves. Prior to

Grayscale Bitcoin Trust Saw Surge in Investor Interest After March

The Grayscale Bitcoin Trust, an investment tool that aims to provide an indirect exposure to Bitcoin (BTC) for investors in traditional markets, reported a significant increase in how many shares it issued between Q2 and Q1 of 2020.According to an Aug. 7 filing with the Securities and Exchange Commission, the trust issued more than 87 million shares in Q2 2020, compared to the total of 133 million shares issued for all of 2020.The trust issued almost 90% more shares in the second quarter of 2020 compared to the first. This