The income of the Grayscale Bitcoin Trust (GBTC) and the Grayscale Ethereum Trust (ETHE) structures in June amounted to about $44.13 million. The last time the indicator reached comparable values in May 2022.
GBTC has received $32.24M and ETHE has received $11.89M. At the time of writing, AUM constitute $18.94 billion and $5.56 billion, respectively.
Meanwhile, the divergence of the bitcoin trust quotes relative to the net asset value (NAV) has recovered to levels of 31.32%. The GBTC discount began to form at the beginning of 2021 amid the departure of Barry Silbert from the position of CEO.
The management fee for GBTC is 2% per annum and ETHE is 2.5%.
In June, the trading volume of the Grayscale bitcoin trust increased by 400% – from $16.1 million to $80 million. This is how the market reacted to BlackRock filing an application with the US Securities and Exchange Commission (SEC) to create a bitcoin ETF.
In October 2021, Grayscale submitted a similar request. On December 17, the regulator postponed making a decision on the appeal until February 2022. On June 30, Grayscale sued the SEC after a negative response.
Recall that in March, the current head of the company, Michael Sonnenschein, called the conversion of a bitcoin trust into an ETF a top priority.
Grayscale also admitted that the Commission violated the law when approving futures exchange-traded funds based on the first cryptocurrency.
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Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!
The income of the Grayscale Bitcoin Trust (GBTC) and the Grayscale Ethereum Trust (ETHE) structures in June amounted to about $44.13 million. The last time the indicator reached comparable values in May 2022.
GBTC has received $32.24M and ETHE has received $11.89M. At the time of writing, AUM constitute $18.94 billion and $5.56 billion, respectively.
Meanwhile, the divergence of the bitcoin trust quotes relative to the net asset value (NAV) has recovered to levels of 31.32%. The GBTC discount began to form at the beginning of 2021 amid the departure of Barry Silbert from the position of CEO.
The management fee for GBTC is 2% per annum and ETHE is 2.5%.
In June, the trading volume of the Grayscale bitcoin trust increased by 400% – from $16.1 million to $80 million. This is how the market reacted to BlackRock filing an application with the US Securities and Exchange Commission (SEC) to create a bitcoin ETF.
In October 2021, Grayscale submitted a similar request. On December 17, the regulator postponed making a decision on the appeal until February 2022. On June 30, Grayscale sued the SEC after a negative response.
Recall that in March, the current head of the company, Michael Sonnenschein, called the conversion of a bitcoin trust into an ETF a top priority.
Grayscale also admitted that the Commission violated the law when approving futures exchange-traded funds based on the first cryptocurrency.
Found a mistake in the text? Select it and press CTRL+ENTER
Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!