The discount to net asset value (NAV) for the $19 billion-plus Grayscale Bitcoin Trust (GBTC) continues to narrow, said Standard Chartered Bank in a research report on Monday. BlackRock’s move for a spot bitcoin ETF set off a number of filings and re-filings for similar funds from a number of other industry actors, including from fellow asset management giant Fidelity.
Crypto data firm Arkham Intelligence stirred controversy Monday by announcing a new service aimed at unmasking the owners of digital wallets, angering privacy-focused crypto advocates. It turns out Arkham has already been leaking its own customers’ private information, a revelation that also seems to have emerged Monday, putting a spotlight on the company’s own approach to user privacy just as it was rolling out a service meant to unmask crypto wallet owners on a massive scale.
Standard Chartered Bank said in the same research report that Bitcoin (BTC) could rise to $50,000 by the end of this year and up to $120,000 by end-2024.