Daily Archives: 06/04/2021

Grayscale Investments Ready to Convert GBTC Trust to Bitcoin ETF

Cryptocurrency fund management company Grayscale Investments has announced its full readiness to transform the Grayscale Bitcoin Trust (GBTC) into an exchange-traded fund (ETF) for bitcoin after the consent of the SEC. Grayscale Investments intends to re-apply to the US Securities and Exchange Commission (SEC) to launch a Bitcoin exchange-traded index fund. This fund will provide traditional investors with access to BTC without having to own the asset itself. There are certain difficulties here. In recent…

Cryptocurrency market capitalization exceeded $ 2 trillion

According to Goingecko, the cryptocurrency market capitalization has surpassed the $ 2 trillion mark. On Coinmarketcap, the market is still valued slightly lower, at $ 1.97 trillion. Bitcoin’s capitalization still exceeds the combined value of all other cryptocurrencies – its dominance index today is close to 56%. Together with ether (capitalization $ 243 billion), they “weigh” 67.5% of the entire market. The third is Binance Coin with a capitalization of $ 57.7 billion. The cryptocurrency…