Fintech Nexus E-newsletter (January 23, 2024): Grayscale sees large outflows of its Bitcoin ETF

0
27


It has been virtually two weeks for the reason that SEC accredited Bitcoin ETFs and we now have some knowledge on the ten ETFs which have been buying and selling since then.

The 2 greatest and oldest names in finance are main the best way: BlackRock and Constancy. Every fund has attracted greater than $1 billion in inflows.

However the firm that led the push for the Bitcoin ETF, Grayscale, is definitely doing the worst. The Grayscale Bitcoin Belief (GBTC) has seen $2.8 billion in outflows for the reason that fund transformed to an ETF on January 11.

The trigger appears to be round charges. Grayscale has the best charges even after lowering its 2% price to 1.5%. A number of the new funds have an introductory supply of no charges. It additionally appears that FTX has contributed right here with the bankrupt crypto platform promoting most of its $597 million of GBTC.

Grayscale remains to be the 800-pound gorilla within the house with $22.9 billion in belongings. How lengthy it stays because the chief stays to be seen.


Grayscale Led the Combat for Bitcoin ETFs. Now Its Fund Is Bleeding Billions.

www.wsj.com

The crypto big’s $23 billion fund has essentially the most to lose.




From Fintech Nexus

> Innovating Buyer Expertise within the Face of Digital Fraud

By Fintech Nexus Employees

In an period the place digital fraud is on the rise, belief turns into the cornerstone of buyer relationships. Learn to improve buyer expertise with out sacrificing safety on this new white paper.

> Fintech: JPMorgan’s $300MM gamble on the way forward for quantum computing in finance

By Farhad Huseynli

JPMorgan spends $15B a 12 months on tech, has a bigger engineering workforce than Google or Amazon, and is below fixed risk from hackers.



Podcast

Fintech One-on-One: Andrew B. Morris, Chief Content material Officer and Curt Persaud, Co-Founder & CTO of Fintech Islands on Caribbean fintech

Fintech Islands is the most important fintech occasion within the Caribbean, it’s happening on January 24-26 in Barbados.

Pay attention Now


Webinar

Constructing Belief: Scalable Methods for Shopper and Enterprise Onboarding

Jan 23, 2pm EST

Identification verification is a key a part of monetary establishments’ and banks’ buyer journeys. Nevertheless, with ongoing compliance…

Register Now


Additionally Making Information


To sponsor our newsletters and attain 220,000 fintech lovers along with your message, contact us right here.

  • Peter Renton

    Peter Renton is the chairman and co-founder of Fintech Nexus, the world’s largest digital media firm targeted on fintech. Peter has been writing about fintech since 2010 and he’s the writer and creator of the Fintech One-on-One Podcast, the primary and longest-running fintech interview collection.



LEAVE A REPLY

Please enter your comment!
Please enter your name here