Tag: Grayscale

Grayscale Fund Touts ETF Conversion as Price Discount Issue Solution

Grayscale Fund Touts ETF Conversion as Price Discount Issue Solution

Grayscale, one of the largest cryptocurrency fund managers, has declared it is trying to morph the bitcoin trust GBTC into an exchange-traded fund (ETF) to solve its price woes. The exchange rate is now at a 20% price discount compared to its bitcoin holdings, a fact that has many worried about the overall sustainability of […]

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Grayscale Ethereum Trust (ETHE) Premium Sets All-Time-Low at -14.3%

Grayscale Ethereum Trust (ETHE), the institutional crypto investment fund for the second-largest cryptocurrency registered a negative 14.3% premium reaching its lowest since listing. Grayscale being the world’s largest crypto asset manager offers a range of crypto-based trust funds to invest, in absence of a regulated ETF in the United States. Source: Skew These private investment […]

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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 […]

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The NFL Gets a Taste of Crypto as Grayscale Partners With the New York Giants

The world’s largest cryptocurrency asset manager Grayscale Investments has announced the first partnership with a National Football League (NFL) team. Grayscale will be the official digital currency asset management partner for the New York Giants and will sponsor a number of events. Grayscale Investments Partners With the New York Giants Following a number of NBA […]

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Just-In: Grayscale Partners With New York Giants to Become First Crypto Company to Sponsor a Major NFL Team

Grayscale Investments, a popular crypto asset management firm has become the first crypto company to partner with an NFL team in the form of New York Giants. The partnerships come amid the growing popularity of crypto assets as well as crypto companies this bull season. As part of the new sponsorship, deal Grayscale will be […]

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NFL’s New York Giants Partner With Crypto Asset Manager Grayscale

The cryptocurrency space continues to expand beyond its borders as Grayscale has partnered with the professional American football team, the New York Giants. As a result, the largest crypto asset manager will become the “Presenting Sponsor” of the NFL team’s charity foundation. The four-time NFL champions announced the collaboration with Grayscale earlier today in a […]

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Digital Currency Group plans to buy additional $500 million worth of GBTC shares as trade discount continues

Digital Currency Group (DCG), the parent company of Grayscale, announced Monday that it plans to buy an additional $500 million worth of Grayscale Bitcoin Trust (GBTC) shares. The new plan increases DCG’s limit of such purchases to up to $750 million. In March, the company said it would buy up to $250 million worth of […]

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Grayscale Ethereum Trust Holding Nears $10 B, as Ether Inches Away From $3,000

The total value of Grayscale Ethereum Trust has reached over $9.3 billion today as the second largest continues its bullish momentum throughout the week. Grayscale’s private crypto investment funds have become quite popular among investors in the absence of regulated crypto investment vehicles for institutions. The Grayscale Bitcoin Trust is one of the largest crypto […]

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A Canadian bitcoin trust is on the cusp of converting to an ETF

A Canadian bitcoin trust is in the final stages of its bid to convert to an exchange-traded fund (ETF). The unitholders of investment manager Ninepoint’s Bitcoin Trust approved the conversion bid earlier this month. A final prospectus for the proposed ETF was filed on April 28, according to Ninepoint, which said Friday that it “filed […]

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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 […]

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