June 26 (Cointime) - According to a research report by Bernstein, Grayscale's dominant position as the largest bitcoin asset management product may be threatened by Blackrock's filing for a spot bitcoin ETF in the US. Grayscale's BTC trust (GBTC) earns around $380 million in annualized fees despite being inefficient, illiquid, and trading at a significant discount.

June 21 (Cointime) - The daily trading volume of Grayscale's Bitcoin Investment Trust (GBTC) has soared from $16.1 million to nearly $80 million following asset management firm BlackRock's filing for a spot bitcoin ETF. The volume has spiked about 400% in just five days after the filing on June 14.

June 19 (Cointime) - There are rumors that Fidelity Management is planning to acquire Grayscale, the world's largest digital asset management company with over $20 billion in assets. Grayscale allows customers to invest in crypto assets through exchange-traded funds (ETFs) and Trusts, with its Bitcoin ETF being the main milking cow, in charge of $16 billion, or 80% of the total assets under management.

June 18 (Cointime) - BlackRock, the world's largest investment management company, has filed for a Bitcoin exchange-traded fund (ETF) called the iShares Bitcoin Trust.

Grayscale Investments has filed a request with the US Securities and Exchange Commission (SEC) to withdraw its registration statement on Form 10 for Grayscale Filecoin Trust. The SEC had requested that Grayscale withdraw the trust's registration statement, stating that Filecoin meets the definition of a security under federal securities laws. However, Grayscale believes that Filecoin is not a security and provided an explanation of its legal basis in response to the SEC staff's comment letter. Despite this, the SEC reiterated its request for withdrawal following naming FIL as a security in certain filings in federal district court.

Grayscale and Bitwise, two prominent crypto asset managers, have halted their plans for an ETH futures exchange-traded fund (ETF) due to increased scrutiny from US regulators. Grayscale filed an amendment to its Securities and Exchange Commission filing on May 17 to remove mentions of Ethereum futures ETF, just a week after announcing plans to launch a trio of ETF products.

The value of Bitcoin has dropped by 4.52% in the past 24 hours, leading to a decline in the overall cryptocurrency market. Bitcoin's current value is $26,289, which is its lowest since March 14. The market is facing a range of challenges, including a stronger dollar index, liquidity problems, a bearish chart pattern, and rumors about Binance US and Grayscale.

Grayscale Investments, the world's largest digital asset manager, has announced the formation of a new trust, Grayscale Funds Trust, as part of its efforts to launch a spot Bitcoin Exchange Traded Fund (ETF) in the US. The new Delaware statutory trust structure will allow Grayscale to independently manage its 1940 Act products and expand its ETF business. The company has also filed a new registration statement with the US Securities and Exchange Commission for a new Ethereum Futures ETF, a new Grayscale Global Bitcoin Composite ETF, and a Grayscale Privacy ETF. Grayscale is currently engaged in legal warfare with the SEC over its refusal to approve spot Bitcoin ETF products in the US.

Grayscale Investments, the leading digital currency fund manager, has announced the launch of the Grayscale Funds Trust and filed registration statements for three exchange-traded funds with the U.S. Securities and Exchange Commission. The trust is a Delaware statutory trust structure that aims to strengthen the company's global asset management capabilities. Grayscale Advisors, an SEC-registered investment advisor, will serve as the new trust's advisor. The newly launched funds include the Grayscale Ethereum Futures ETF, Grayscale Global Bitcoin Composite ETF, and Grayscale Privacy ETF. Grayscale CEO Michael Sonnenshein stated that the creation of the Grayscale Funds Trust reflects their commitment to scaling their business responsibly.

Grayscale Investments, the company behind the Grayscale Bitcoin Trust and Grayscale Ethereum Trust, has expressed concerns that the SEC's proposed new rules around safeguarding custody of clients' crypto funds could prevent it from using Coinbase as the sole holder of its $5.4 billion of crypto assets. The proposed rule would make it illegal for centralized exchanges like Coinbase to hold customer funds in commingled accounts and credit customers for their value, rather than providing an individual wallet for each customer. Grayscale currently stores its funds with Coinbase via the Coinbase Custody Trust Company, which holds Grayscale's assets in offline cold storage, via unique onchain addresses, and are never commingled with other clients' funds. Coinbase has also complained about the proposed rule, which would ban registered investment advisers from trading on non-qualified custodian crypto exchanges.