Grayscale Research Director Suggests Strategy to Sell Over $3 Billion Worth of Bitcoin to Improve Capital Structure and Restore Market Confidence

01:17 PM EDT, 10/05/2026 (MT Newswires) -- Consumer stocks were higher Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) each adding 0.4%. In corporate news, Paramount Skydance (PSKY) Chairman and Chief Executive David Ellison will be chairman and CEO of the combined company following the anticipated close of Paramount's acquisition of Warner Bros. Discovery (WBD), Paramount said. Paramount shares were up 1.6%, and Warner was fractionally higher.

01:10 PM EDT, 10/05/2026 (MT Newswires) -- Broad Market Indicators Broad-market exchange-traded funds IWM and IVV were higher. Actively traded Invesco QQQ Trust (QQQ) added 0.6%. US equity indexes were higher after midday Monday as government bond yields rose and crude oil fell. Energy IShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) were each up about 1.1%. Technology The State Street Technology Select Sector SPDR ETF (XLK) gained 0.4%; iShares US Technology ETF (IYW) added 0.6%, and iShares Expanded Tech Sector ETF (IGM) was 0.6% higher. The State Street SPDR S&P Semiconductor (XSD) slipped 0.6%, and iShares Semiconductor (SOXX) fell 0.2%. Financial The State Street Financial Select Sector SPDR (XLF) added 0.7%. Direxion Daily Financial Bull 3X Shares (FAS) advanced 2.2%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), declined 1.9%. Commodities Crude oil lost 1.1%, and the United States Oil Fund (USO) fell 1.4%. Natural gas added 0.9%, and the United States Natural Gas Fund (UNG) gained 0.7%. Gold on Comex eased 0.1%, and the State Street SPDR Gold Shares (GLD) lost 0.4%. Silver was up 1.5%, and iShares Silver Trust (SLV) gained 0.7%. Consumer The State Street Consumer Staples Select Sector SPDR (XLP) was 0.5% higher, and the Vanguard Consumer Staples ETF (VDC) rose 0.5%. The State Street Consumer Discretionary Select Sector SPDR (XLY) added 0.4%. VanEck Retail ETF (RTH) was up 0.2%, and the State Street SPDR S&P Retail (XRT) edged up 0.1%. Healthcare The State Street Health Care Select Sector SPDR (XLV) added 0.5%, while iShares US Healthcare (IYH) gained 0.5%, and Vanguard Health Care ETF (VHT) rose 0.6%. IShares Biotechnology ETF (IBB) advanced 0.7%. Industrial The State Street Industrial Select Sector SPDR (XLI) added 0.4%. Vanguard Industrials Index Fund (VIS) rose 0.5%, and iShares US Industrials (IYJ) gained 0.7%. Cryptocurrency In midday activity, bitcoin (BTC-USD) shed 0.2%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) added 1.2%,