The big outflow might maybe point out that crypto lender Genesis began or ramped up the tempo of unloading its GBTC holdings, capitalizing on bitcoin’s rally. Genesis obtained chapter courtroom approval on Feb. 14 to promote 35 million GBTC shares – then price $1.3 billion, now roughly $1.9 billion – however outflows from GBTC have been muted over the previous two weeks till Thursday’s spike.
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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin (BTC) mining juggernaut MARA Holdings today...
Enjoyed this article? Share it with your friends! Australia’s financial regulator has issued a warning to Bitget $4.81B for offering...
Former Twitter CEO Jack Dorsey, who now heads Bitcoin tech firm Block, announced on Monday that his messaging app Bitchat,...
