Latest from Will Canny
Grayscale's GBTC Profit Taking Likely Over, Easing Bitcoin Selling Pressure: JPMorgan
Around $1.3 billion has shifted from GBTC to new spot bitcoin ETFs, equivalent to a monthly outflow of about $3 billion per month, the bank said in a report.
Many Retail Investors See Bitcoin Price Dropping Below $20K by Year End: Deutsche Bank
More of those surveyed said they expect bitcoin to disappear than those who said they expect it to continue to exist, the bank said.
Coinbase Falls After JPMorgan Downgrades Stock to Underweight on Disappointing Bitcoin ETF Catalyst
The bitcoin ETF catalyst that pushed the ecosystem out of its crypto winter last year will disappoint investors in 2024, the report said.
No More Than 50% Chance of Spot Ether ETF Approval By May, JPMorgan Says
Lawsuits against crypto exchanges offering staking services for proof-of-stake blockchains, including Ethereum, make approval of a spot ether ETF more challenging until these cases are resolved, the investment bank said.
Grayscale's GBTC Could See Another $1.5B in Sales From Arb Traders: JPMorgan
The bank estimated traders sunk about $3 billion into GBTC looking to benefit from a closing of the fund's discount to NAV.
Ethereum Staking Platform Kiln Raises $17M for Global Expansion
The crypto firm plans to grow its business in Asia-Pacific with the opening of a new regional headquarters in Singapore.
Bernstein Says Buy the Dip in Bitcoin Mining Stocks Ahead of BTC Price 'Inflection'
The broker says it prefers outperform rated mining stocks Riot Platforms (RIOT) and CleanSpark (CLSK).
Can Crypto Dethrone U.S. Dollar Dominance? Here Is Morgan Stanley's Take
U.S. monetary policy, combined with the use of economic sanctions, have forced some countries to look for alternatives to the dollar, while growth of stablecoins may have emphasized the need of the fiat currency, the bank said.
JPMorgan Sees Significant Capital From Existing Crypto Products Pouring Into New Spot Bitcoin ETFs
The newly created ETFs could attract inflows of up to $36 billion from other crypto products like Grayscale Bitcoin Trust (GBTC), a report said.
Coinbase Will Benefit From Spot Bitcoin ETF Approval: Wedbush
The crypto exchange has a dominant role in all but one of the approved ETFs, acting as an issuer or custodian, the report said.
