Grayscale’s High ETF Fee Keeps the Cash Flowing In Even as Investors Withdraw

Assets under management at Grayscale’s GBTC have slumped 50% due to aggressive outflows since it became an exchange-traded fund. Even so, Grayscale is making five times the amount BlackRock is from IBIT, CoinDesk calculations show. That’s down to GBTC’s expense ratio of 1.50%, compared with IBIT’s 0.25%. Grayscale’s bitcoin (BTC) exchange-traded fund (ETF) is reaping […]

Bitcoin is Trading -15.64% Below Our Price Prediction for Oct 06, 2024

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Bitcoin Price Alert: Iran Attacks Israel, Massive Crypto Sell-Off

Bitcoin’s value sharply declined after reports emerged of Iran launching missile attacks against Israel. Bitcoin dropped to $61,083 before recovering slightly to $61,396, marking a 24-hour drop of 3.38%. The sudden sell-off mirrors escalating geopolitical tensions that could potentially lead to a broader regional conflict. Iran launched a missile barrage on Israel, worsening the ongoing […]