Tag: gbtc

Jan 25 2021

JPMorgan: Bitcoin Traders Likely to Unwind Futures Positions

Bitcoin trades are more likely to unwind their futures position citing a slowdown in Bitcoin institutional participation, says JPMorgan! Just as Bitcoin (BTC) continues to face downward pressure over the last week, the...

Jan 23 2021

Grayscale Brings a Bunch of Altcoin Investment Products to Its Offerings, Continues BTC Buying

Jan 23 2021 Published at Coingape under tags  altcoin news bitcoin news btcbrl btcbusd btcdai

Digital asset manager Grayscale is further expanding into its product offering as the crypto market continues to gain maturity with time. The company has reportedly incorporated six more trusts for some of the lesser-known yet...

Jan 22 2021

Grayscale Bitcoin Trust [GBTC] Premiums Drop to Lowest Since March 2017 Amid Recent Meltdown

Jan 22 2021 Published at Coingape under tags  bitcoin bitcoin news btcbrl btcbusd btcdai

As reported by Bloomberg, the Grayscale Bitcoin Trust [GBTC] premiums have fallen by 40%...

Jan 21 2021

Bitcoin (BTC) Under Biggest Liquidity Crisis In Years, Selling Onwards Could be Dangerous

After consolidating a while between $35,000-$36,000, Bitcoin (BTC) continues to remain under pressure. Today, BTC has corrected another 3.5% and is trading at $34,567 levels at press time. While retail players might think of booking profits...

Jan 19 2021

With Record Bitcoin Buys, How Are Grayscale’s Investors Doing?

Jan 19 2021 Published at Bitcoin Magazine under tags  gbtc grayscale investing

Grayscale’s Bitcoin Trust (GBTC) made headlines again yesterday with its record one-day addition of 16,244 bitcoin, adding to its stack of over 630,000 bitcoin and an assets under management (AUM) totaling about $23 billion. Evidently, business is good. So, who are Grayscale’s investors? Is GBTC’s premium an incentive, or a disincentive? And...

Institutional Buying, Grayscale Bitcoin Trust (GBTC) Buys Another 16,000 BTC Worth $590 Million

Amid the recent price volatility in Bitcoin (BTC), investors might be waiting on the sidelines for further correction. However, we might be reaching $40,000 levels once again sooner than expected. As per the data on...

Jan 18 2021

JPMorgan: $100 Million/Day Must Flow Into Grayscale Bitcoin Trust To Push BTC Above $40,000

JPMorgan analysts state that Bitcoin (BTC) can see a further downside if it fails to make a strong move upwards to...

Jan 17 2021

Institutions Are Back, Grayscale Bitcoin Trust Purchases Nearly 10,000 Bitcoins (BTC) In Three Days

While Bitcoin (BTC) has been trading currently in downward pressure of around $36,250, institutions and whales have started accumulating once again. The Bitcoin (BTC) price is down by more than 10% over the last week, and Grayscale Bitcoin...

Jan 12 2021

Demand Shortage in Grayscale’s Bitcoin Trust Signals Alarm Bells

Jan 12 2021 Published at Crypto Briefing under tags  analysis bitcoin trust gbtc grayscale

Grayscale has reopened the sale of its Bitcoin Trust shares to new investors after three weeks. The leading cryptocurrency faces a shortage of demand from existing Grayscale...

Jan 11 2021

Guggenheim’s Scott Minerd Calls for Bitcoin (BTC) Profit-Booking, Seems a Plan to Buy Cheaper

Jan 11 2021 Published at Coingape under tags  bitcoin fund bitcoin news btcbrl btcbusd btcdai

It looks like the current Bitcoin (BTC) price rally isn't just creating a FOMO among retail players but institutions as well. Just as the Bitcoin (BTC) price surged past $40,000 it has started giving jitters to some of the...

Jan 09 2021

ETF Could Hurt Bitcoin Price in Short Term: JPMorgan

Jan 09 2021 Published at CoinDesk under tags  bitcoin gbtc grayscale jpmorgan markets

An ETF could draw institutional money from the Grayscale Bitcoin Trust, a support for the price of the cryptocurrency, the report said.

Dec 31 2020

At $29,200 Levels & $542 Billion Market Cap, Bitcoin (BTC) Flips Warren Buffett’s Berkshire Hathaway

Bitcoin (BTC) continues to smash new targets as we approach closer to 2021! A few hours back, the world's largest cryptocurrency hit another all-time high moving past $29,000 levels. At press time, Bitcoin is...

Dec 29 2020

Bitcoin (BTC) Institutional Inflows Show No Signs of Slowing Down , Grayscale Bitcoin Trust Clocks $16.3 Billion

Wondering why Bitcoin (BTC) hasn't corrected much from its all-time high above $28,000? Well, the institutional inflows into Bitcoin (BTC) shows no signs of slowing down despite the massive rally recently. Citing data from...

Dec 23 2020

Grayscale Bitcoin Trust (GBTC) Adds 12,000+ BTC In a Single Day! Over 16K BTC Moved Out of Exchanges

Dec 23 2020 Published at Coingape under tags  bitcoin news btcbrl btcbusd btcdai btceur

Don't be late for the Bitcoin party! If you are waiting on the sidelines, note that institutions are already making bold moves. On Tuesday, December 22, Grayscale has reportedly 12,319 BTC to the Grayscale Bitcoin Trust...

Dec 21 2020

JP Morgan Says Decline in Crypto Fund Inflows Can Trigger Next Bitcoin (BTC) Correction

On Sunday, December 20, the Bitcoin (BTC) price surged all the way to its new all-time high above $24,000. Bitcoin has been skyrocketing on the heels of massive institutional money pouring into the cryptocurrency. Especially, in Q4 2020,...

Dec 18 2020

Bitcoin (BTC) RSI Levels Close to 90, Trader Expects 25-30% Sell-off In Early 2021

On Thursday, December 17, Bitcoin (BTC) made a record rally hitting its new all-time high above $23,500 levels. However, this was soon followed by a...

Dec 08 2020

Institutional Crypto Fund Inflows Surge; MicroStrategy Plans $400 Million Infusion in Bitcoin (BTC)

Citing data provided by digital asset manager CoinShares, Reuters reported that the institutional inflows to crypto funds stood at a net $429 million for the week ending December 7. This is the second-highest inflow...

Dec 03 2020

Bitcoin (BTC) Liquidity Crisis Is Coming As Institutions Build Long Term Positions

"We are just getting started!" that's what Grayscale director Michael Sonnenshein said two days back in an...

Nov 30 2020

$5.3 Billion Trust Fund to Allocate 10% of Assets in Bitcoin

Nov 30 2020 Published at Crypto Briefing under tags  business gbtc grayscale guggenheim

Global investment firm Guggenheim Trust Fund filed an SEC application last Friday to purchase Grayscale's Bitcoin product,...

Nov 29 2020

Bitcoin (BTC) Surges 5% Above $18,000 As Guggenheim’s Entry Sparks Excitement

Nov 29 2020 Published at Coingape under tags  bitcoin news bitcoin price btcbrl btcbusd btcdai

After consolidating a while at around $17,200 levels, BTC price has once again surged 5.74% today surpassing $18,000 levels. At press time, Bitcoin (BTC) is trading at a price of $18,054 with a...

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