Grayscale

Bitcoin slipped as corporate treasury activity and miner sales added pressure to a market already locked in a narrow range. The shift is reviving debate over whether BTC is moving away from corporate balance sheets and back toward retail-driven ownership.

Bitcoin remained under pressure on Monday morning, with BTC/USD trading near 63,430 after several weeks of narrow movement. Traders are watching spot ETF flows, Federal Reserve messaging, and key technical levels at 67,000 and 60,000 for the next directional signal.

Ether has pulled ahead of the large-cap crypto market, rising about 11% over seven sessions while bitcoin gained 4.2% and several major tokens slipped. U.S. spot ether ETF inflows and new layer-2 demand from Robinhood Chain have helped narrow market attention around Ethereum.

Grayscale Chief Financial Officer Edward McGee has resigned after seven years at the crypto asset manager, with Kathryn Masci and Daniel Plourde named interim co-chief financial officers. The move follows another senior departure and comes as the manager of GBTC keeps its U.S. IPO preparations on hold amid market conditions.

Goldman Sachs says U.S. IPO issuance has surged to match 2021’s pace by dollar value, but the market still lacks the frenzy that defined past bubbles. Crypto firms including Payward, Ledger and Grayscale have also delayed listings amid volatile markets and softer demand.

Robert Mitchnick, BlackRock's head of digital assets, revealed that the asset manager has been actively engaging with pension funds, endowments, and sovereign wealth funds to provide education about the newly introduced spot bitcoin ETF products.