Tag: grayscale bitcoin trust

Sep 20 2022

Grayscale Bitcoin Volume: What It Means For BTC Price?

Sep 20 2022 Published at Coingape under tags  grayscale grayscale bitcoin trust news

At a time when Bitcoin (BTC) is highly volatile, the fund market seems to have low confidence in the cryptocurrencies. The last one month, clouded by The Ethereum Merge anticipation, saw huge fluctuations in BTC price movement. Compared to the above $21,000 price range around 30 days ago, Bitcoin is... Read more

Jul 08 2022

Breaking: Grayscale Removes These 5 Cryptos From Its Large Cap Fund

The world’s largest digital currency asset manager has released an update of its Fund Components in respect of the second quarter of 2022. However, the organisation has removed some crypto tokens from its portfolio. Grayscale fund removes 5 cryptos In the release, Grayscale mentioned that in accordance with the Large Cap Select Index methodology it...

Jun 30 2022

Grayscale Is Suing The SEC For Denying Its Spot Bitcoin ETF

Grayscale Investments announced it will sue the U.S. SEC for denying its application to convert its fund into a spot bitcoin ETF.Grayscale Investments is suing the SEC for denying its application to convert GBTC into an ETF. The filing was submitted yesterday evening by the former top legal mind that served in the Obama administration as U.S. solicitor general.Over 11,000 comment...

Grayscale Initiates A Lawsuit Against the U.S. SEC Over Spot Bitcoin ETF Issues

On Wednesday, June 29, the U.S. SEC rejected the Grayscale application for converting its Grayscale Bitcoin Trust (GBTC) vehicle to a spot Bitcoin. The world's largest digital asset manager Grayscale has finally decided to drag the U.S. Securities and Exchange Commission (SEC) to the court. "We’ve filed a lawsuit against the SEC," said SEC chief...

Jun 27 2022

Grayscale Bitcoin ETF: CEO Explains Possible Outcome Of SEC Decision

Jun 27 2022 Published at Coingape under tags  grayscale grayscale bitcoin trust news

Even as investors anticipate the SEC's decision on Grayscale's application to convert GBTC to an ETF, it shared an update on Monday. As the 240-day application review process with SEC is approaching, CEO Michael Sonnenshein expressed optimism about the decision. Expecting SEC Decision On GBTC Soon The Grayscale CEO said the firm was expecting SEC's...

Jun 16 2022

SEC Commissioner: The Regulatory Agency Should ‘Stop Denying’ Spot Bitcoin ETFs

Hester Peirce, a commissioner with the SEC, published comments on the failings of the SEC to properly deliver ETPs based on bitcoin and other cryptocurrencies.SEC Commissioner Hester Peirce published comments challenging the regulatory agency’s position on spot bitcoin ETFs.Peirce explains the refusal of the SEC to approve spot products is “puzzling,” and explains the growth of bitcoin as a...

Pressure Mounts On SEC To Reconsider Spot Bitcoin ETF

A bitcoin spot exchange-traded fund could unlock $8 billion in value for investors if the SEC approves Grayscale’s bid to convert GBTC to an ETF.The Bitcoin ecosystem tends to be a very sensitive space with decisions, news, regulations and announcements by big financial institutions, governments and business magnates making the marketplace susceptible to wild fluctuations in price.A price boom that could...

May 16 2022

Grayscale Launches European Crypto ETF Amid Market Crash

Grayscale plans to introduce a less-risky crypto ETF that will be traded across Europe. Grayscale Investments announced the launch of several new European-listed products as part of its transatlantic debut on Monday. Grayscale Future of Finance UCITS ETF will be launched in Europe by the asset manager. Grayscale's first European fund will be listed on […] The post...

May 06 2022

Grayscale CEO Expects SEC To Approve Spot Bitcoin ETF Soon, Here’s Why

Grayscale CEO Michael Sonnenshein in a discussion with Anthony Pompliano on May 6 said the SEC could soon approve the conversion of the Grayscale Bitcoin Trust (GBTC) to a spot Bitcoin ETF. He believes the SEC thinking has evolved regarding Bitcoin ETFs as it approves two Bitcoin futures ETFs under the Securities Act 33, instead...

May 05 2022

Just-In: Grayscale’s SEC Filings Leave These Cryptos Green

Digital asset manager Grayscale Investments said it has filed registration statements for three crypto trusts with the U.S. SEC. The list of trusts includes products tracking Horizen (ZEN), Stellar Lumens Trust (XLM), and Zcash (ZEC). The move was received positively by the market, with the three tokens logging large gains in the past few hours....

Apr 18 2022

Grayscale CEO Says That the SEC Should Have No Problem Approving A Spot Bitcoin ETF

The demand for the spot Bitcoin ETF has been on the rise and some of the biggest industry veterans are pushing for it. The market is hopeful that the spot Bitcoin ETF should arrive this year itself in 2022 as the U.S. SEC gets comfortable with approving the Bitcoin Futures ETF. Earlier this month, the...

Mar 09 2022

Deep Diving Into The Year-Long Grayscale Bitcoin Discount

The Grayscale Bitcoin Trust is arguably the most popular bitcoin trust in the world. The advent of the trust cemented the interest of institutional investors in the crypto space, bringing with it widespread popularity. However, the trust itself, despite being largely popular, has not lived up to expectations. It had started trading at a discount in 2021, and now, one year later, the...

Feb 05 2022

SEC Has Pushed Back On Grayscale’s Highly Anticipated Bitcoin Trust (GBTC)

The US Securities and Exchange Commission (SEC) has continued to stall the approval of a Bitcoin spot exchange-traded fund (ETF). The SEC stated that it was delaying a decision on whether the biggest Bitcoin fund, Grayscale Bitcoin Trust (GBTC) can convert into a Bitcoin spot ETF. The securities regulator noted that Grayscale's application failed to The post SEC Has Pushed Back On Grayscale's...

Jan 21 2022

Grayscale Bitcoin Trust Discount Hits Record Low

Shares of the Grayscale Bitcoin Trust (GBTC) hit record lows against net asset value.The below is from a recent edition of the Deep Dive, 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, subscribe now...

Jan 20 2022

GBTC Share Price Tanks As the Bitcoin Fund Trades At Record Discount

Jan 20 2022 Published at Coingape under tags  bitcoin news btcbrl btcbusd btcdai btceur

The world's largest Bitcoin fund - the Grayscale Bitcoin Trust (GBTC) - has suffered a major hammer blow amid the crypto market rout. The Grayscale Bitcoin Trust (GBTC) has been trading at a...

Nov 25 2021

Morgan Stanley Deepens Crypto Exposure Through Grayscale Bitcoin Trust

Leading investment bank Morgan Stanley has once again deepened its crypto bet through Grayscale Bitcoin Trust. The megabank had been invested in crypto through the trust for a while now across various funds. In a recent SEC filing, the bank revealed that it had dramatically increased its holdings in the trust...

Aug 27 2021

Breaking: Bill Miller Owned Miller Opportunity Trust Reveals 1.5 Million $GBTC Share Holdings

Aug 27 2021 Published at Coingape under tags  bill miller bitcoin news btcbrl btcbusd btcdai

Miller Opportunity Trust, a hedge fund owned by billionaire investor Bill Miller revealed it holds 1.5 million shares of Grayscale's premium Bitcoin investment product $GBTC. The $GBTC holdings of the hedge fund take its Bitcoin investment to worth $58 million or nearly 1,200 Bitcoin. The firm revealed its $GBTC holdings in an SEC filing on The post Breaking: Bill Miller Owned Miller Opportunity...

Jul 31 2021

Wealthfront ($21 Billion AUM) Offers Cryptocurrency Exposure to its Clients Through Grayscale

Jul 31 2021 Published at Coingape under tags  bitcoin bitcoin news btcbrl btcbusd btcdai

Wealthfront, a financial institution based in California, has announced an expansion of its digital asset investment menu on Thursday. Reportedly, the company will now include Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (ETHE) among its other investment options. Wealthfront also noted that they would deliver additional solutions to customers with cryptocurrencies different from BTC The post Wealthfront ($21 Billion AUM) Offers Cryptocurrency...

Jul 30 2021

Robo-Advisor Wealthfront Adds Bitcoin Exposure Offering

Robo-advisor giant Wealthfront will now let its 400,000 clients invest up to 10% of their portfolios in bitcoin through GBTC.Robo-advisor giant Wealthfront has announced it will provide its nearly 400,000 clients with the option to get bitcoin exposure through Grayscale Bitcoin Trust (GBTC).The firm, which provides a hands-free approach to investing and has...

Jul 27 2021

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