Category: grayscale bitcoin trust

Grayscale Bitcoin Trust Zero Inflow Suggest Institutions are Looking for Regulated Alternatives

Grayscale, the world’s leading crypto asset manager has seen zero inflow into its premiere Bitcoin product since late February when the premium turned negative. The Grayscale Bitcoin Trust (GBTC) was one of the most sought-after institutional Bitcoin investment products in absence of any better-regulated alternatives, and the high demand for these often led to a […]

Continue Reading

Grayscale Bitcoin Trust hits record discount of over 20%

Grayscale Bitcoin Trust hits record discount of over 20%

The Grayscale Bitcoin Trust (GBTC) product, which has been consistently trading at a discount for almost three months, hit a new record low on Tuesday. GBTC’s discount hit -20.48% — its lowest point in history, according to data compiled by The Block. The discount means the market price of GBTC shares is over 20% lower […]

Continue Reading

Grayscale’s Parent Company DCG to Purchase $750M in Grayscale Bitcoin Trust

Digital Currency Group (DCG), the parent company of the world’s largest crypto asset manager Grayscale has approved to increase the purchase of Grayscale Bitcoin Trust ($GBTC) worth $750 million in a recent announcement. The recent purchase would increase the GBTC holding by $500 million on top of early authorization for a $250 million purchase. As […]

Continue Reading

GBTC sinks to record low — trading at a 19% discount

The Grayscale Bitcoin Trust (GBTC) product, which is consecutively trading at a discount for two months, hit a record low on Thursday. GBTC’s premium fell to -18.92% — its lowest point in history, according to tracker YCharts. That means the market price of GBTC shares is about 19% lower than its net asset value or […]

Continue Reading

Grayscale Reveals Intentions to Convert the Firm’s Bitcoin Trust Into an ETF

On Monday, the digital currency asset manager Grayscale Investments announced intentions to file for a bitcoin exchange-traded fund (ETF) when permissible. The subsidiary of Digital Currency Group (DCG) says in regard to its crypto trust products that it always been the company’s intention “to convert these products into an ETF.” Transforming Grayscale’s $34 Billion Bitcoin […]

Continue Reading

Will Grayscale Bitcoin Trust (GBTC) Flip World’s Largest Gold ETF (GLD) in 2021?

With nearly 650K Bitcoins in its kitty, the Grayscale Bitcoin Trust (GBTC) is the world’s largest Bitcoin fund with ~$38 billion in assets under management. Over the last year, some aggressive Bitcoin purchases and massive BTC price rally has helped GBTC gain huge market dominance. If GBTC continues at this rate, it can flip the […]

Continue Reading

Breaking: GrayScale Investment Announces New Trust for These Five Cryptocurrency

Grayscale Investment, one of the largest cryptocurrency fund managers popular for its Bitcoin Trust has announced a new cryptocurrency trust fund comprising of 5 cryptocurrencies including long-rumored Chainlink, Filecoin, Livepeer, BAT, and Decentraland. The new cryptocurrency trust is also the first since 2019 primarily due to its strict listing protocols based on underlying assets market […]

Continue Reading

The Infamous GBTC Premium Trades Negative for 10th Consecutive Day, Parent Group Announces Share Purchase

In an unusual situation shares of the Grayscale Bitcoin Trust (GBTC) have been trading at a discount for the tenth consecutive day. It means that the share price of GBTC is falling faster than the underlying cryptocurrency. The $GBTC premium remains negative for the 10th day in a row.#Bitcoin Chart: https://t.co/Sygy1AcLLH pic.twitter.com/N7SqNh5X2C — glassnode (@glassnode) […]

Continue Reading

Dropping GBTC Premium: Anonymous Group Claims Blockfi Facing Solvency Issues Due to Exposure to the BTC Trust

An anonymous group has claimed that Blockfi, which has an estimated $1.8 billion in customer assets invested in Grayscale Investment’s GBTC, is facing potential insolvency issues associated with the negative premium on the GBTC shares. Using the negative premium of minus 7.89% on the GBTC shares to illustrate the extent of the problem, the anonymous […]

Continue Reading