Grayscale’s planned GBTC sibling is a page from BlackRock’s playbook

Grayscale Investments is taking a page from the playbook of its biggest bitcoin ETF competitor with its “Mini,” cheaper version of GBTC.

While this strategy may not work as well as BlackRock’s past comparable actions in other ETF segments, the new Grayscale fund could gain assets quickly, industry watchers said.

Grayscale’s status in the bitcoin ETF category is a bit nuanced.  

The crypto asset manager won a court case against the Securities and Exchange Commission last year that helped lead to the regulator’s approval of such funds. 

On top of that, the company’s Bitcoin Trust ETF (GBTC) has the most assets under management — at least for now.

BlackRock’s…

Read more on Blockworks

Top Trending Crypto Coins of The Day

BIGCAP COINS:

  1. Pepe: Market Cap of $3.1 Billion.
  2. Hedera: Market Cap of $4.2 Billion.
  3. Bitcoin: Market Cap of $1.2 Trillion.

MIDCAP COINS:

  1. Meme Ai: Market Cap of $4.1 Million.
  2. Mumu the Bull: Market Cap of $27.9 Million.
  3. Zeus Network: Market Cap of $103 Million.

RISING COINS:

  1. MAGA: Market Cap of $273 Million.
  2. FOMO Network: Market Cap of $24.2 Million.
  3. PepeFork: Market Cap of $88.1 Million.

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

Join CryptoCrunchApp on Telegram Channels – Click to Join

Open Source Justice Manifesto

The Open Source Justice Foundation is a 501(c)(3) tax-exempt public charity dedicated to spreading access to justice globally through open-source protocols and technology. Learn more about OSJF’s work at opensourcejustice.org.

Most people in the world are denied access to justice. An estimated four billion people live outside the protection of the law. Fifty-four percent of the world’s population lives under some form of authoritarian rule. And even in relatively stable democracies, the justice gap between low- and high-income earners is well documented.

The state has failed to provide courts that offer equal justice to all.

This is not a secret. For decades, politicians, lawyers, and…

Read more on BitcoinMagazine

LATEST: Australia Enters the 1,000+ Bitcoin ATM Milestone

Australia has reached a significant milestone in the world of cryptocurrency, with the nation now boasting 1,002 active Bitcoin ATMs as of April 24. This achievement places Australia as the third country, following the United States and Canada, to surpass the 1,000 mark in terms of crypto-fiat machines. Representing 2.7% of the global Bitcoin ATM network, Australia has seen a remarkable surge in adoption since the end of 2022, primarily driven by increased participation from private firms.

The United States currently leads the global Bitcoin ATM count with 31,170 machines, accounting for 82.8% of the total, followed by Canada with 2,918 machines, representing 7.8%. Australia’s rapid rise in Bitcoin ATMs underscores its growing importance in the crypto market, surpassing Asia’s ATM count in April 2023. With the current installation rate, Australia is poised to overtake Europe, which holds 4.3% of all active Bitcoin ATMs with 1,617 machines. Other notable countries in the crypto ATM landscape include Spain, El Salvador, Poland, Germany, and Hong Kong.

Coin ATM Radar

The Patriot Act 2.0

Edward Snowden has called the recent renewal of FISA 702, “the biggest encroachment on your privacy rights since the Patriot Act.”

In the middle of the night, in secret, the US Senate voted to renew FISA Section 702 as a part of a broader bill called the Reforming Intelligence and Securing America Act (RISSA) H.R.7888.

The bill had passed through the House the week prior and was set to be voted on Wednesday but the vote was delayed. As Friday came and went, it appeared that we, the People, might have another weekend to rally against the Senate vote.

Alas, Americans woke up Saturday morning to find that the vote had taken place overnight and was signed into law over the weekend….

Read more on BitcoinMagazine