Category: grayscale bitcoin trust

Breaking: Bill Miller Owned Miller Opportunity Trust Reveals 1.5 Million $GBTC Share Holdings

Miller Opportunity Trust, a hedge fund owned by billionaire investor Bill Miller revealed it holds 1.5 million shares of Grayscale’s premium Bitcoin investment product $GBTC. The $GBTC holdings of the hedge fund take its Bitcoin investment to worth $58 million or nearly 1,200 Bitcoin. The firm revealed its $GBTC holdings in an SEC filing on […]

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Wealthfront ($21 Billion AUM) Offers Cryptocurrency Exposure to its Clients Through Grayscale

Wealthfront, a financial institution based in California, has announced an expansion of its digital asset investment menu on Thursday. Reportedly, the company will now include Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (ETHE) among its other investment options. Wealthfront also noted that they would deliver additional solutions to customers with cryptocurrencies different from BTC […]

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GBTC Premium Rebounds Sharply With Bitcoin (BTC) Price Rise, Whale Buying Continues

On Monday, July 26, the Bitcoin (BTC) price registered a strong recovery on its way to $40,000. This price rebound happened through a short squeeze with over $600 million in short positions getting liquidated in an hour’s time. As a result, the Grayscale Bitcoin Trust (GBTC) premium registered a sharp rebound. Moving closer to the […]

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Is Grayscale Selling Bitcoin (BTC) FUD Over?

Grayscale Bitcoin Trust (GBTC) unlock has been the topic of discussion in the crypto sphere for the past couple of weeks as many expected the unlocking of shares after 6-months could have a bearish outcome on the Bitcoin price. However, contrary to mainstream belief BTC price has managed to escape any sell-off during the unlock […]

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Cathie Wood’s Ark Invest Buys Additional 300K Shares of the Grayscale Bitcoin Trust (GBTC)

While Bitcoin (BTC) continues to trade under pressure, institutions are back at buying the dips once again. On Monday, July 19, Cathie Wood’s Ark Investment purchased an additional 300K of the Grayscale Bitcoin Trust (GBTC). As reported by The Street citing the subscription to Ark’s trading activity, the investment firm purchased 310,067 shares of GBTC at the […]

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Bitcoin (BTC) Tanks Under $30,000, Here are Next Support Levels

The world’s largest crypto Bitcoin (BTC) continues its downward journey falling under it another crucial support of $30,000. At press time, Bitcoin is down 6.09% trading at $29,598 with a market cap of $555 billion. The price crash comes as the unique number of addresses interacting with the Bitcoin blockchain has been on a constant […]

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Rothschild Investment Purchased Over 100K Shares of Grayscale Bitcoin Trust (GBTC) Last Quarter

The GBTC unlock has created a major buzz in the crypto space over the last week weeks about how it shall affect the price of Bitcoin (BTC). However, it turns out that institutional players continue to have an interest in Grayscale crypto products. As per the SEC filing on Monday, July 19, Chicago-based institutional player […]

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Michael Sonnenshein, Grayscale CEO says Bitcoin ETF is a matter of ‘When’ not ‘If’

Grayscale CEO, Michael Sonnenshein is optimistic about Bitcoin ETF’s future in the US. He has commented saying that institutional investors who have their Bitcoin deposits in the GBTC funds are now insisting on an authorized ETF.  Grayscale is now preparing to get the final approval from the government. Talking about the status of Bitcoin ETFs […]

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Will Bitcoin (BTC) Price See Another May Like Crash as $GBTC Share Unlock Begins

Bitcoin (BTC) price slumped below $32,000 to register a new two-week low. The price volatility is believed to be influenced by the recent unlock of Grayscale’s Bitcoin Trust ($GBTC) shares starting today. The share unlock would continue until 29th July with the biggest unlock to take place on 18th July. The unlocking of these shares […]

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Oldest US Bank BNY Mellon to Provide Grayscale Bitcoin Trust With Asset Servicing and ETF Services

Oldest US Bank BNY Mellon to Provide Grayscale Bitcoin Trust With Asset Servicing and ETF Services

Grayscale Investments has engaged the oldest bank in the U.S., BNY Mellon, to provide asset servicing for its bitcoin trust. The bank will also provide ETF services for the bitcoin trust upon its conversion to an exchange-traded fund (ETF). Grayscale Teams up With BNY Mellon Grayscale Investments announced Tuesday that it has selected the Bank […]

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