The bank of New York Mellon (BNY Mellon), America’s oldest bank, has signed an agreement with cryptocurrency asset manager Grayscale Investments to provide a set of services to its flagship Bitcoin (BTC) investment product.Grayscale officially announced Tuesday that it selected BNY Mellon as an asset servicing provider for Grayscale Bitcoin Trust (GBTC), a major digital … [Read more...] about BNY Mellon to provide ETF services for Grayscale’s Bitcoin Trust
Grayscales
Is Bitcoin in danger of losing $30K with Grayscale’s big GBTC unlocking in two weeks?
Whether a potential sell-off of shares tied to a multi-billion dollar Bitcoin (BTC) investment fund could crash the cryptocurrency's spot prices has turned into a hotly debated topic among the analysts in the space.Grayscale's premium remains negative for months The argument concerns Grayscale Bitcoin Trust, the world's largest digital assets manager that allows institutional … [Read more...] about Is Bitcoin in danger of losing $30K with Grayscale’s big GBTC unlocking in two weeks?
Bitcoin price dips below $34K as day of Grayscale’s giant BTC unlocking draws near
Bitcoin (BTC) dropped to local lows of $33,750 on June 20 as fears over weak support levels proved to be well founded. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewData from Cointelegraph Markets Pro and TradingView showed BTC/USD swiftly dropping below $34,000 on Sunday after choppy behavior at the start of the weekend.A comedown from resistance at near $40,000 … [Read more...] about Bitcoin price dips below $34K as day of Grayscale’s giant BTC unlocking draws near
Bitcoin price dips below $34K as day of Grayscale’s giant BTC unlocking draws near
Downward volatility hits the market on Sunday, as market participants argue that most of the drop is already complete. Bitcoin (BTC) dropped to local lows of $33,750 on June 20 as fears over weak support levels proved to be well founded. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Data from Cointelegraph Markets Pro and TradingView showed BTC/USD swiftly … [Read more...] about Bitcoin price dips below $34K as day of Grayscale’s giant BTC unlocking draws near
Bitcoin sell pressure may hit zero in July thanks to Grayscale’s giant 16K BTC unlocking
Institutional Bitcoin (BTC) investors are in the spotlight as an upcoming major cashout date sparks talk of fresh price volatility.As noted by popular Twitter commentator Loomdart and others this week, attention is focusing on buyers and sellers of the Grayscale Bitcoin Trust (GBTC) as Bitcoin hovers near $40,000.July means BTC price volatilityA giant in the institutional … [Read more...] about Bitcoin sell pressure may hit zero in July thanks to Grayscale’s giant 16K BTC unlocking