Aima Raza

As a practicing lawyer who focuses on issues related to crypto and blockchain, Aima gives our content a unique legal viewpoint. Because she is so good at navigating the constantly changing regulatory environment, our readers always know about the latest regulations and happenings in the crypto world.
375 Articles
10x Research's Thielen Adjusts Crypto Approach Over Rising Risks
NewsCrypto

10x Research’s Thielen Adjusts Crypto Approach Over Rising Risks

Markus Thielen, an acknowledged figure at 10x Research, recently stated that he…

By Aima Raza
Arbitrum (ARB) Faces Potential Price Volatility Ahead of Token Unlock
Altcoin NewsNews

Arbitrum (ARB) Faces Potential Price Volatility Ahead of Token Unlock

Arbitrum (ARB), a prominent cryptocurrency, is about to see its price decrease…

By Aima Raza
Ethereum Faces Market Turmoil As Whales Make Waves
Ethereum NewsNews

Ethereum Faces Market Turmoil As Whales Make Waves

Ethereum, the second-largest cryptocurrency by market value, is having difficulties in the…

By Aima Raza
Kaiko Predicts Market Boost as Hong Kong Approves Crypto ETFs
CryptoNews

Kaiko Predicts Market Boost As Hong Kong Approves Crypto ETFs

As reported by Kaiko, a blockchain analytics firm, the number of trades…

By Aima Raza
Dogecoin's Price Stability Tested As Investors Await Breakout
Altcoin NewsNews

Dogecoin’s Price Stability Tested As Investors Await Breakout

Dogecoin has been praised as a star performer over the past year.…

By Aima Raza
Bitcoin Dominance At 3-Year High Amid ETF Surge
Bitcoin NewsNews

Bitcoin Dominance At 3-Year High Amid ETF Surge

Bitcoin has become the most popular digital asset in three years, showing…

By Aima Raza
Over $166 million and more than 2,500 Bitcoin were taken out of the Grayscale Bitcoin exchange-traded fund (ETF), which is also known as GBTC, on Friday, April 12. Farside Investors claims that since the Bitcoin ETF started trading in January, more than $16.2 billion has been taken out of GBTC. Every day in April, between $75 million and $300 million have been taken out of the Grayscale Bitcoin Trust (GBTC). Bitcoin ETFs, on the other hand, are not receiving many new investments, which shows that buyers are losing interest. GBTC reported substantial outflows of $767 million this week, which added to the general trend of Bitcoin ETF flows moving downwards. With BlackRock's help, the IBIT Bitcoin ETF now has more than $15 billion in assets under control, bringing it closer to Grayscale's Bitcoin reserves. It's thought that a significant portion of the funds that left GBTC may have gone to BlackRock. Bitcoin Trust Outflow Analysis Earlier this week, Grayscale CEO Michael Sonnenshein gave traders and buyers reason to be optimistic by implying that outflows from the Grayscale Bitcoin Trust might level off. However, new information indicates that things may not be going as planned. The high management fee is one of the main reasons why GBTC has lost an enormous amount of funds. Sonnenshein has not wanted to lower the fees, even though they are losing customers to rivals. When it comes to U.S. Bitcoin ETFs, GBTC has the highest management fees at 1.5% per year, while its competitors charge an average of 0.30%. Sonnenschein said that when new commodity or theme-based exposure products come out, like the Grayscale Bitcoin Trust, the markets usually get very enthusiastic. As time goes on, though, these items become more mature, which causes the market to become more concentrated as investors focus on a few products. According to figures from Farside, GBTC saw outflows of $17.5 million on April 10. This was an enormous decrease from April 9, when that number was $154.9 million. GBTC had the least amount of funds leave the market on February 26, when $22.4 million left the market. Over the past four months, GBTC has shed an average of $257.8 million every day. Launched in 2015, GBTC became an ETF in January along with nine other Bitcoin ETFs. This happened after Grayscale won a case against the SEC, which led to a review of its earlier denial of its GBTC conversion bid. Genesis, a crypto loan company that went out of business recently sold about 36 million GBTC shares for 32,041 Bitcoin.
Bitcoin NewsNews

Bitcoin ETFs See Decline Amid GBTC Exodus

Over $166 million and more than 2,500 BTC were taken out of…

By Aima Raza
Bitcoin's Bull Cycle In Question As Market Stagnates
Bitcoin NewsNews

Bitcoin’s Bull Cycle In Question As Market Stagnates

In recent weeks, Bitcoin's price rise has begun to slow down, which…

By Aima Raza
Dogecoin Ousted By DOG And DEGEN In Weekly Trader Count
Altcoin NewsNews

Dogecoin Ousted By DOG And DEGEN In Weekly Trader Count

Dogecoin govern as the best meme coin might be coming to an…

By Aima Raza
XRP Struggles Amid Ripple's Surprise Token Release
Ripple NewsNews

XRP Struggles Amid Ripple’s Surprise Token Release

One of the most popular cryptocurrencies, XRP, has encountered challenges that make…

By Aima Raza