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Grayscale Investments has named a new chief executive as Michael Sonnenshein stepped down after helping to pave the way for spot bitcoin exchange-traded funds that are now posing hot competition for the firm.
Bitcoin price could test its record $74,000 level next week on surging institutional ETF flows, analyst says. BofA upgrades Coinbase, hikes price target.
As Bitcoin's finite supply comes under more demand, spot Bitcoin ETFs open the door for hopeful millionaires.
The cryptocurrency market experienced a lackluster April following a strong rally in the first quarter. However, there are some factors evolving in the space that could position it well for the full year.
The asset manager has resisted a significant fee cut, insisting that rising bitcoin prices will continue to buoy its fortunes.