Breaking: GBTC Bitcoin ETF Fees to Drop Soon, Says Grayscale CEO
CoinGape (RSS)
Michael Sonnenshein, chief executive offer of crypto asset manager Grayscale, discloses that fees on its flagship Grayscale Bitcoin Trust (GBTC) Bitcoin ETF will reduce gradually over time. Sonnenshein said the fees will drop after GBTC outflows reached over $12 billion, backtracking from defending its higher charges.
Grayscale to Reduce GBTC Fees
Grayscale CEO Michael Sonnenshein said the company expects to reduce fees on its GBTC Bitcoin ETF in the months ahead. The move likely comes as GBTC continues to witness outflows while other competitors such as BlackRock and Fidelity grab massive market share from Grayscale.
“I’ll happily confirm that, over time, as this market matures, the fees on GBTC will come down,” Sonnenshein told CNBC in an interview on March 18. He added that fees tend to ...
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CoinGape (RSS)
Michael Sonnenshein, chief executive offer of crypto asset manager Grayscale, discloses that fees on its flagship Grayscale Bitcoin Trust (GBTC) Bitcoin ETF will reduce gradually over time. Sonnenshein said the fees will drop after GBTC outflows reached over $12 billion, backtracking from defending its higher charges.
Grayscale to Reduce GBTC Fees
Grayscale CEO Michael Sonnenshein said the company expects to reduce fees on its GBTC Bitcoin ETF in the months ahead. The move likely comes as GBTC continues to witness outflows while other competitors such as BlackRock and Fidelity grab massive market share from Grayscale.
“I’ll happily confirm that, over time, as this market matures, the fees on GBTC will come down,” Sonnenshein told CNBC in an interview on March 18. He added that fees tend to ...
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Bitcoin, Ethereum Bleed As 5 Crypto To Buy Standout With 100X Potential
CoinGape (RSS)
The cryptocurrency market has recently experienced a downturn, with major players like Bitcoin and Ethereum witnessing significant drops below their key price levels.
Amidst this market correction, certain crypto to buy digital assets stand out with their promising potential. Highlighted are BLUR, TENET, Manta Network (MANTA), Loopring (LRC), and Polygon Ecosystem Token (POL), each poised for substantial growth.
1. Blur (BLUR)
Blur (BLUR) serves as the core governance token for Blur, an innovative platform in the NFT marketplace sphere. This platform distinguishes itself by offering users advanced tools for portfolio management alongside real-time pricing data and capabilities for comparing NFTs across various marketplaces.
Blur has consistently hovered above the pivotal $0.53 benchmark fo...
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CoinGape (RSS)
The cryptocurrency market has recently experienced a downturn, with major players like Bitcoin and Ethereum witnessing significant drops below their key price levels.
Amidst this market correction, certain crypto to buy digital assets stand out with their promising potential. Highlighted are BLUR, TENET, Manta Network (MANTA), Loopring (LRC), and Polygon Ecosystem Token (POL), each poised for substantial growth.
1. Blur (BLUR)
Blur (BLUR) serves as the core governance token for Blur, an innovative platform in the NFT marketplace sphere. This platform distinguishes itself by offering users advanced tools for portfolio management alongside real-time pricing data and capabilities for comparing NFTs across various marketplaces.
Blur has consistently hovered above the pivotal $0.53 benchmark fo...
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Top Crypto Losers Of The Week And Why?
CoinGape (RSS)
This week has just started, but it’s different from the previous weeks as a new downturn has begun and crypto losers have emerged in the market. Most cryptos have struggled these past few days, including those that used to dominate the market. Bitcoin has dropped to $63K, whereas Ethereum has accepted the $32K. It is a prominent fall from their values just a few days ago.
It doesn’t end there. The market has witnessed some of the well-performing cryptos falling to the ground as crypto losers, struggling to make a comeback.
Top Crypto Losers Of The Week
As so many cryptocurrencies are suffering, a long list of cryptocurrencies’ poor performance is available, showcasing the cryptocurrencies on the verge of entering a bearish trend. The list of top crypto losers is mentioned below, so let’s look into those and the reason behind their fall.
Also Read: ...
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CoinGape (RSS)
This week has just started, but it’s different from the previous weeks as a new downturn has begun and crypto losers have emerged in the market. Most cryptos have struggled these past few days, including those that used to dominate the market. Bitcoin has dropped to $63K, whereas Ethereum has accepted the $32K. It is a prominent fall from their values just a few days ago.
It doesn’t end there. The market has witnessed some of the well-performing cryptos falling to the ground as crypto losers, struggling to make a comeback.
Top Crypto Losers Of The Week
As so many cryptocurrencies are suffering, a long list of cryptocurrencies’ poor performance is available, showcasing the cryptocurrencies on the verge of entering a bearish trend. The list of top crypto losers is mentioned below, so let’s look into those and the reason behind their fall.
Also Read: ...
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Crypto Price Prediction: Why Memecoins Bled Most In Today’s Market Correction?
CoinGape (RSS)
Crypto Price Prediction: On Tuesday, the crypto market witnessed another wave of selling pressure which plunged its market cap to $2.4 Trillion, registering a 6.28% intraday loss. The leading cryptocurrencies Bitcoin and Ethereum recorded a 6-7% since yesterday, while Solana(SOL) and XRP plunged 11 % and 4% respectively.
Today’s downturn could be accelerated by significant outflow from BTC ETFs as observed on March 18th. Concurrently, the meme coin sector is under considerable sell-off pressure, with prominent assets like DOGE, PEPE, WIF, FLOKI, and BONK experiencing substantial double-digit losses.
This steep decline is likely a result of investors locking in profits, given that these assets were previously in an overbought state following the rally in late February to early March.
Also Read: ...
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CoinGape (RSS)
Crypto Price Prediction: On Tuesday, the crypto market witnessed another wave of selling pressure which plunged its market cap to $2.4 Trillion, registering a 6.28% intraday loss. The leading cryptocurrencies Bitcoin and Ethereum recorded a 6-7% since yesterday, while Solana(SOL) and XRP plunged 11 % and 4% respectively.
Today’s downturn could be accelerated by significant outflow from BTC ETFs as observed on March 18th. Concurrently, the meme coin sector is under considerable sell-off pressure, with prominent assets like DOGE, PEPE, WIF, FLOKI, and BONK experiencing substantial double-digit losses.
This steep decline is likely a result of investors locking in profits, given that these assets were previously in an overbought state following the rally in late February to early March.
Also Read: ...
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Ethereum Price: Can ETH Price Cross $8K in 2024?
CoinGape (RSS)
The Ethereum price has been a victim of the crypto market crash having experienced a drop in its value. ETH’s market performance chart shows a red pattern over the past week with an 18.88% decrease. With an increase of 86% in its value year-to-date the market seems optimistic for the token to hit $8,000 by the end of the year. Let’s find out how possible this is.
Factors Driving Ethereum Price to $8,000
The Standard Chartered Bank has mentioned the approval of ETH ETFs and the recent Dencan upgrade as possible drivers of Ethereum price to $8,000 by end of 2024.
1. Ethereum Price Dencun Upgrade
The Standard Chartered Bank believes that Ethereum’s recent ...
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CoinGape (RSS)
The Ethereum price has been a victim of the crypto market crash having experienced a drop in its value. ETH’s market performance chart shows a red pattern over the past week with an 18.88% decrease. With an increase of 86% in its value year-to-date the market seems optimistic for the token to hit $8,000 by the end of the year. Let’s find out how possible this is.
Factors Driving Ethereum Price to $8,000
The Standard Chartered Bank has mentioned the approval of ETH ETFs and the recent Dencan upgrade as possible drivers of Ethereum price to $8,000 by end of 2024.
1. Ethereum Price Dencun Upgrade
The Standard Chartered Bank believes that Ethereum’s recent ...
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UK regulator to tighten measures against crypto market abuse
Cointelegraph.com News (RSS)
The United Kingdom’s financial watchdog said it will improve its market monitoring abilities and develop advanced analytics systems.
Cointelegraph.com News (RSS)
The United Kingdom’s financial watchdog said it will improve its market monitoring abilities and develop advanced analytics systems.
The Fed’s BTFP program is officially over — Will Bitcoin price take another blow?
Cointelegraph.com News (RSS)
While the end of BTFP marks a significant moment for financial markets, its direct impact on Bitcoin’s price remains multifaceted and uncertain.
Cointelegraph.com News (RSS)
While the end of BTFP marks a significant moment for financial markets, its direct impact on Bitcoin’s price remains multifaceted and uncertain.
Web3 Gamer: Gods Unchained app drops crypto, Kings of Fighters Arena review
Cointelegraph.com News (RSS)
Gods Unchained loses crypto to gain app approval, Kings of Fighters Arena is a slick arcade combat fighter, $500M in new funding: Web3 Gamer.
Cointelegraph.com News (RSS)
Gods Unchained loses crypto to gain app approval, Kings of Fighters Arena is a slick arcade combat fighter, $500M in new funding: Web3 Gamer.