Tag: gbtc

Mar 20 2023

RedeemGBTC Campaign To Host Shareholders Meetup At Miami Bitcoin Conference

Grayscale Bitcoin Trust investors unsatisfied with the status quo will meet at Bitcoin 2023 in an effort to address issues they see in the Trust....

Mar 07 2023

Alameda Sues Grayscale Over ‘Improper Redemption Ban’

Mar 07 2023 Published at Unchained Podcast under tags  alameda business crypto ftc gbtc

Bankrupt crypto trading firm Alameda Research has filed a lawsuit against Grayscale Investments, the company behind the world’s largest Bitcoin fund. In an announcement on Monday, FTX’s debtors disclosed that the exchange’s sister- company Alameda was suing Grayscale, seeking injunctive relief for FTX’s creditors to realize more than $250 million in ... The post Alameda Sues Grayscale Over ‘Improper Redemption Ban’ appeared first on...

Feb 21 2023

Grayscale Strongly Claims Win Against US SEC, Is A Spot Bitcoin ETF Finally Coming?

Grayscale's lawsuit against the U.S. Securities and Exchange Commission (SEC) for the denial of GBTC conversion to spot Bitcoin ETF picks pace as...

Feb 15 2023

GBTC discount widens to highest point in 2023

Feb 15 2023 Published at CryptoSlate under tags  btc gbtc investments

Grayscale Bitcoin Trust (GBTC) is trading at a discount of 47.35% to the underlying assets' net asset value (NAV) as of Feb. 15 — a record low for the current year. GBTC shares are trading for $10.85 after increasing by 4.43% in the last 24 hours, according to ycharts data. Earlier in the year, the discount had...

Feb 07 2023

Will Bitcoin And Ethereum Crash? DCG Sells Grayscale Trust Shares

Feb 07 2023 Published at Bitcoinist.com under tags  bitcoin btc dcg eth ethe

After a long back-and-forth, the Genesis and DCG drama appears to be coming to a relatively smooth end after Genesis reached an agreement with DCG and other creditors yesterday - but a price crash could be looming as DCG is forced to sell shares in its Grayscale Bitcoin (GBTC) and Ethereum (ETHE) Trusts. As the Financial Times reports today,...

Jan 25 2023

Grayscale Won’t Back Down Even If Court Backs SEC’s Spot Bitcoin ETF Decision

Jan 25 2023 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt gbtc

In June 2022, Grayscale sued the Securities and Exchange Commission (SEC) after the regulator had once more declined to convert the Grayscale Bitcoin Trust (GBTC) to a spot ETF. The case is expected to drag on into the second half of 2023 but Grayscale has come forward to reveal its plans if the court were to side with the SEC. Still Not Backing...

Jan 24 2023

Crucial Day For Bitcoin: Court Sets Date For Grayscale Vs. SEC

Jan 24 2023 Published at Bitcoinist.com under tags  bitcoin btc gbtc grayscale sec

The insolvency of Genesis Trading and the related uncertainty about the future of Digital Currency Group (DCG) and Grayscale have not really dampened the mood on the Bitcoin market in recent weeks. Genesis' bankruptcy filing, which was announced last Thursday, seems to have already been priced in by investors. Nevertheless, the risk of a...

Jan 13 2023

Potential Paths Forward For The Grayscale Bitcoin Trust

An interesting saga is developing for Digital Currency Group and its Grayscale Bitcoin Trust with accusations of fraud coming from the co-founder of Gemini.The below is an excerpt from a recent edition of Bitcoin Magazine PRO, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox,...

Dec 30 2022

Valkyrie Wants To Take Up The Reins Of Grayscale’s Bitcoin Trust

Valkyrie Investments has laid out a proposal to become the new sponsor and manager of Grayscale’s troubled bitcoin trust (GBTC) and fix its large discount.Valkyrie Investments has laid out a proposal to take up the reins of troubled bitcoin trust GBTC."We understand that Grayscale has played an important role in the development and growth of the bitcoin ecosystem with the launch...

Dec 14 2022

Crypto stocks plunge to record lows, GBTC at 50% discount despite Bitcoin uptick

Several crypto-related stocks have seen their values plunge to new record lows despite Bitcoin's (BTC) value gaining upward momentum over the past 30 days. GBTC discount rises to above 50% Grayscale's Bitcoin Trust (GBTC) traded at a record discount rate of 50% on Dec. 13 following the US SEC's defense of its refusal to approve the conversion of the trust into...

Dec 08 2022

Grayscale’s GBTC discount nears 50% causing further concern in community

Dec 08 2022 Published at CryptoSlate under tags  analysis btc gbtc grayscale

Grayscale Bitcoin Trust (GBTC) is trading at a record-low discount of 49.20% to the underlying assets' net asset value (NAV), as of Dec. 8....

Nov 24 2022

Grayscale Bitcoin Trust: Research Firm Wraps Up Proof Of Reserves But There Is A Catch

Nov 24 2022 Published at Bitcoinist.com under tags  bitcoin btc gbtc grayscale

While there are still no details on a possible rescue of Genesis Trading, there is at least apparently some positive news regarding Grayscale Bitcoin Trust (GBTC). Ryan Selkis, co-founder of Messari stated on Tuesday that it appears Genesis has "days, not weeks" to reach an agreement with creditors to avoid...

Nov 22 2022

Here’s What A Reg M Entails For Genesis, DCG And Bitcoin – ‘Drop Dead’ Date on Wednesday?

Nov 22 2022 Published at Bitcoinist.com under tags  bitcoin btc dcg gbtc genesis

After Genesis Trading's lending arm shut down its services last week, the rumor mill started buzzing about a possible bankruptcy of Digital Currency Group (DCG). Especially hot are the rumors that Grayscale and its Bitcoin Trust (GBTC) and the Ethereum Trust (ETHE) could be caught up in insolvency. The crypto community is all the more...

Nov 21 2022

Investors Panic As Largest Bitcoin Fund Hits All-Time Low Premiums

The Grayscale Bitcoin Fund (GBTC) remains the largest legal bitcoin fund in the world with hundreds of thousands of BTC in holdings. However, given recent developments, the value of the fund has taken a massive hit. GBTC had been trading for a high premium for most of the year, but with the issues rocking Genesis Trading, which shares the same parent company with...

Nov 18 2022

Community fears FTX implosion might affect Grayscale

Nov 18 2022 Published at CryptoSlate under tags  analysis bitcoin gbtc grayscale

Grayscale Bitcoin Trust (GBTC) shares are selling at a record discount of 42.69% to the underlying asset's value following FTX's implosion and fears of market contagion. According to Ycharts data, GBTC shares are trading for $8.75 as of press time, which represents a 74% decline on the year-to-date metric and an 84% drop since Bitcoin peaked at over $69,000 in 2021. For...

Fiat Currencies Around The World Face The Same Fate As The FTX Fiasco

Dylan LeClair and Mark Moss break down the FTX implosion, the current GBTC discount and how the global macro environment will affect the bitcoin price.This is a recording of a recent Twitter Spaces with the Bitcoin Magazine Pro team and Mark Moss to break down the FTX implosion and how it relates to the global macro environment.Listen To This Twitter Spaces:...

Nov 10 2022

Grayscale Bitcoin Trust Reports 41% Meltdown

Nov 10 2022 Published at Coinscreed under tags  bitcoin bitcoin news ftx token gbtc

On Wednesday, the GBTC recorded its largest discount ever – 41% – which represented a price per share of $8.76 at the close of markets. Price began to sag and, as of this writing, had dropped 21% in five days. The Grayscale Bitcoin Trust, the largest institutional Bitcoin fund in the world, is one of […] The post Grayscale Bitcoin Trust Reports 41%...

Oct 05 2022

In Grayscale We Trust: GBTC Bitcoin Reaches Largest Discount Ever

Oct 05 2022 Published at Bitcoinist.com under tags  bitcoin btc btc fund gbtc grayscale

The Grayscale Bitcoin Trust (GBTC) has made a name for itself in the public markets as not only the first-ever publicly traded trust underlined by a cryptocurrency, but it is also the largest bitcoin trust in the world. However, Grayscale has not had an easy go of it in the last as it had been trading at a discount. This discount has continued...

Jul 13 2022

BlockFi Will No Longer Accept Grayscale GBTC Shares As Collateral, Unwinds All Positions

Crypto lenders in the market have been severely struggling to handle liquidity challenges. On Tuesday, July 12, crypto lender BlockFi announced that it will no longer be accepting Grayscale's GBTC shares as collateral. Following the news, the GBTC stock (OTCMKTS: GBTC) collapsed 5% on Tuesday ending at $12.21. Amid the Bitcoin price correction, the GBTC...

Jul 01 2022

Grayscale Sues the SEC Over Rejected Bitcoin ETF Application

On Thursday, the US Securities and Exchange Commission (SEC) announced it rejected Grayscale’s Bitcoin exchange traded fund (ETF) application over concerns of potential price manipulation and the lack of investors’ protection.

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