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Grayscale Bitcoin Trust tokenized stock FTX

Grayscale Bitcoin Trust

Grayscale has initiated private placement subscriptions for its altcoin trusts while GBTC outflows surpass $100 million once more, marking the first occurrence this week. In response, inflows into alternative Bitcoin ETFs managed by BlackRock and Fidelity absorb the selling pressure from GBTC.Cryptos Headlines Token Airdrop Is Live, Claim 5000 CHT Token Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" />Since the introduction of spot Bitcoin ETFs, the Grayscale Bitcoin Trust (GBTC) has consistently experienced outflows. Investors are shifting their capital to other <a href="https://cryptosheadlines.com/jpmorgan-blackrock-fidelity-bitcoin-etfs-outperform-grayscale-on-liquidity/" rel="noopener noreferrer nofollow">Bitcoin ETFs offered by BlackRock and Fidelity</a>, which have lower fees.<h2 id="header-0">Grayscale Introduces Private Placements for Crypto Trusts</h2>Grayscale, as per insights shared by crypto analyst Colin Wu, has launched private placement subscriptions for several cryptocurrency trusts, accessible exclusively to accredited investors.These trusts encompass a range of cryptocurrencies, including Bitcoin Cash, Chainlink, Litecoin, Solana, and Stellar Lumens. <a href="https://cryptosheadlines.com/binance-pioneering-crypto-with-investor-trust/" rel="noopener noreferrer nofollow">Investors can subscribe to these trusts</a> based on their net asset value.Grayscale has been <a href="https://cryptosheadlines.com/orbit-markets-introducing-bitcoin-and-gold-hybrid-derivative/" rel="noopener noreferrer nofollow">introducing these products to the market</a> gradually over the past few years. These offerings <a href="https://cryptosheadlines.com/crypto-storage-provider-zodia-raises-assets-36m-from-sbi-standard-chartered/" rel="noopener noreferrer nofollow">provided institutional players with exposure to various crypto assets</a>, particularly in the absence of regulatory clarity.Despite the accessibility of these products, high management fees have deterred <a href="https://cryptosheadlines.com/coinbase-introduces-crypto-lending-for-us-institutional-investors/" rel="noopener noreferrer nofollow">institutional investors</a> from engaging with Grayscale offerings. This has contributed significantly to the considerable outflows observed in <a href="https://cryptosheadlines.com/cryptos-big-week-grayscale-and-bitcoin-etf-decisions-by-us-sec/" rel="noopener noreferrer nofollow">Grayscale Bitcoin ETFs over recent weeks</a>.Cryptos Headlines Token Airdrop Is Live, Claim 5000 CHT Token Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" />After a brief decline earlier in the week, GBTC outflows surged once again, reaching $131 million on Wednesday, according to data from Farside investors. However, inflows from major players like BlackRock and Fidelity have surpassed GBTC outflows, supporting the ongoing upward trajectory of Bitcoin prices.<h2 id="header-1">Cameron Winklevoss Optimistic About Bitcoin ETF Impact</h2>Cameron Winklevoss, co-founder of Gemini, has expressed optimism regarding the influence of <a href="https://cryptosheadlines.com/bloomberg-anticipates-spot-bitcoin-etf-market-to-reach-100-billion/" rel="noopener noreferrer nofollow">Bitcoin ETFs on market</a> dynamics. He highlighted their role in reducing available supply, noting that Bitcoin ETFs are currently absorbing ten times more Bitcoin from the market daily than are being newly minted.<a href="https://cryptosheadlines.com/three-meme-coins-ready-to-make-big-money-in-a-strong-market/" rel="noopener noreferrer nofollow">Also Read: Three Meme Coins Ready to Make Big Money in a Strong Market</a>Winklevoss further emphasized that if this trend persists post-Halving, <a href="https://cryptosheadlines.com/jpmorgan-warns-of-potential-35-drop-in-coinbase-stock-amid-bitcoin-etf-caution/" rel="noopener noreferrer nofollow">Bitcoin ETFs could potentially</a> remove twenty times more Bitcoin from circulation daily compared to the newly minted supply. He expressed approval of this development, indicating optimism for the <a href="https://cryptosheadlines.com/cme-rises-to-second-largest-bitcoin-futures-exchange-on-open-interest-surge/" rel="noopener noreferrer nofollow">future trajectory of Bitcoin</a>.However, on Wednesday, February, <a href="https://cryptosheadlines.com/standard-chartered-spot-bitcoin-etfs-may-drive-100b-inflows-propel-btc-to-200k-by-2025/" rel="noopener noreferrer nofollow">Bitcoin ETF inflows</a> experienced a significant decline of 50% from the highest count recorded the day before. The total inflows into Bitcoin ETFs on Wednesday amounted to $339 million, down from $631 million observed a day earlier.Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

Grayscale Expands Altcoin Funds Amid Bitcoin ETF Outflows

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Ďalšie články zverejnené 15. 2. 2024

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