Tag: grayscale bitcoin trust

Apr 07 2021

Report: $48 Billion Hedge Fund Millennium Management Had GBTC Exposure

Millennium Management, one of the world’s largest hedge funds, reportedly had exposure to Grayscale Bitcoin Trust as NAV fell steeply.Millennium Management, one of the world's largest hedge funds with $48 billion in assets under management, is reported to have had exposure to Grayscale Bitcoin Trust...

Apr 05 2021

Grayscale Announces Intention To Convert GBTC To ETF

Grayscale Investments plans to convert its Grayscale Bitcoin Trust, the world’s largest such product, into a bitcoin exchange-traded fund.Today, digital assets management group Grayscale announced its intention to convert the world’s largest bitcoin trust, GBTC, into an exchange-traded fund (ETF) with regulatory...

Mar 26 2021

Grayscale Bitcoin Trust Hits Record Low Against NAV

Why has the Grayscale Bitcoin Trust hit a record low against net asset value?Shares of the Grayscale Bitcoin Trust (GBTC) hit a new record low against net asset value (NAV) this week, touching as low as negative 14.31 percent as bitcoin continues to face downward pressure, with the asset down 8.02 percent on Thursday.The world's largest bitcoin fund in terms of...

Mar 23 2021

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

Mar 23 2021 Published at Coingape under tags  bitcoin news btcbrl btcbusd btcdai btceur

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...

Mar 17 2021

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...

Mar 12 2021

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

Mar 12 2021 Published at Coingape under tags  bitcoin news btcbrl btcbusd btcdai btceur

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...

Mar 11 2021

On-Chain Analysis: Stablecoin Inflow Dries At Exchanges, Can Bitcoin Bulls Sustain $55k?

On Wednesday, March 10, Bitcoin (BTC) showed strong northward momentum surging over 4% and moving past $57,000 levels. At present Bitcoin is strongly consolidating above $55,500, however, the reducing stablecoin inflows...

Mar 10 2021

Digital Currency Group To Invest $250 Million In Grayscale Bitcoin Trust

Digital Currency Group, the parent of Grayscale Bitcoin Trust’s manager, plans to invest $250 million to gain indirect exposure to bitcoin.Today, Digital Currency Group (DCG) announced an authorization to purchase $250 million worth of shares in...

Digital Currency Group Set to Purchase $250M Grayscale Bitcoin Trust (GBTC) Shares

Digital Currency Group (DCG), a venture capital firm focused on the digital asset market and also the parent company behind Grayscale Investments has...

Feb 20 2021

Bitcoin (BTC) Tops $56,300, Here Are Bullish and Bearish Cases for Its Next Journey to $65,000

Feb 20 2021 Published at Coingape under tags  bitcoin news btcbrl btcbusd btcdai btceur

The world's largest cryptocurrency Bitcoin (BTC) continues its surge to hit its new all-time high above $56,300 levels. At press time, Bitcoin (BTC) is trading 8.9% up at a price of $55,701 with a market cap of $1038...

Feb 17 2021

SynBiotic Buys Bitcoin (BTC), Becomes the First Public Listed German Firm To Hedge Euro Devaluation

Feb 17 2021 Published at Coingape under tags  bitcoin news btcbrl btcbusd btcdai btceur

SynBiotic SE becomes the first public-listed firm in Germany to shift part of its free liquidity in the world's largest cryptocurrency Bitcoin (BTC). The announcement comes on Tuesday, February 16, citing the massive money...

Feb 12 2021

ARK Invest Boosted Its GBTC Holdings by 2.14M Shares in Q4

Cathie Wood's asset manager significantly boosted its stake in the Grayscale Bitcoin Investment Trust.

BlockFi Boosted Grayscale Bitcoin Trust Holdings by 11.9M Shares, Now Holds $1.7B GBTC

The disclosure comes as BlockFi prepares to launch a competitor bitcoin trust product.

Feb 10 2021

The Grayscale Bitcoin Trust: What It Is and How It Works

The Grayscale Bitcoin Trust is a traditional financial product that allows institutional investors to gain exposure to bitcoin.

Feb 05 2021

Bitcoin (BTC) Social Interest Drops Amid Altcoin Mania But Whale Accumulation Continues

Bitcoin (BTC) has been playing a catch-up rally with Ethereum (ETH) on Thursday and surged around 4% to move past $37,500 levels. With Bitcoin consolidation for a while and the altcoin mania recently picking up, the social interest for...

Grayscale’s Asset Under Management Clocks Over $30 Billion, Bitcoin Trust (GBTC) Contribution Drops

Feb 05 2021 Published at Coingape under tags  altcoin news bitcoin news btcbrl btcbusd btcdai

World's largest digital asset manager Grayscale has updated that the company's net assets under management for all its crypto trust products have just moved above $30.1 billion. The Grayscale Bitcoin Trust (GBTC) and...

Jan 26 2021

What Is Guggenheim Partners?

Guggenheim Partners is part of the next wave of institutional investment firms looking to step into Bitcoin.

CoinShares: Weekly Investment Inflows In Crypto Funds Hit Record; ETH Set for Massive Market Changes

Jan 26 2021 Published at Coingape under tags  altcoin news bitcoin news btcbrl btcbusd btcdai

Big players seem to be consolidating their positions with the latest Bitcoin (BTC) price dip and the overall crypto market correction. Crypto fund manager CoinShares told Reuters, that weekly investment inflows in crypto funds hit...

Jan 25 2021

Rothschild Investment Adds to Grayscale Bitcoin Holdings

The manager of $1.4 billion first bought bitcoin trust shares in 2017.

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...

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