Grayscale Bitcoin and Ethereum Mini Trusts Raised $750 Million Three Months After Launch
According to a report released by Grayscale on October 29th, its Bitcoin and Ethereum Trusts (with codes BTC and ETH respectively) have attracted a net inflow of over $750 million since their launch. John Hoffman, Managing Director and Head of Distribution and Partnerships at Grayscale, stated in a press release that "the success of BTC and ETH to date symbolizes strong demand from clients for low-cost crypto ETPs."
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Bitcoin’s ability to maintain its market dominance without significant price appreciation remains a key consideration, particularly as legacy cryptos show renewed strength.The following is an excerpt from The Block’s Data and Insights newsletter.
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