In Brief Bitcoin value rises 4% as GBTC records low daily outflow of $17.5 million, hinting at market turnaround. Grayscale CEO sees equilibrium in GBTC after major outflows; crypto funds like IBIT, FBTC see gains. Bitcoin rebounds to $70,000 amid market fluctuations and competitive pressures on Grayscale. Bitcoin’s value soared by over 4% as the…
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In a nutshell The SEC is in converses with Grayscale to possibly change over GBTC into a spot Bitcoin ETF, a move that could make BTC more open to financial backers. Following a court administering leaning toward Grayscale, the SEC is rethinking the company’s ETF application, flagging a potential future for Bitcoin ETFs. The endorsement…
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