Category: Grayscale Bitcoin Trust

Grayscale Bitcoin premium rebounds as BTC price falls below $35K — What does it mean?

May 29, 2021

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Bitcoin (BTC) has crashed by around 44% from its all-time high of $64,899, signaling an end to its second-largest bull run that started in March 2020. Many analysts, including those from BiotechValley Insights, see “terrible technicals” in the Bitcoin market, noting that the flagship cryptocurrency could extend its ongoing decline until $20,000. Nevertheless, Glassnode Insights, […]

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

February 12, 2021

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Cathie Wood’s asset manager significantly boosted its stake in the Grayscale Bitcoin Investment Trust. Feb 12, 2021 at 10:44 p.m. UTCUpdated Feb 12, 2021 at 10:58 p.m. UTC ARK Invest Boosted Its GBTC Holdings by 2.14M Shares in Q4 Cathie Wood’s ARK Investment Management increased its holdings of the Grayscale Bitcoin Investment Trust (GBTC) by […]

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

February 12, 2021

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The disclosure comes as BlockFi prepares to launch a competitor bitcoin trust product. BlockFi CEO Zac Prince(CoinDesk archives) Feb 12, 2021 at 3:34 p.m. UTCUpdated Feb 12, 2021 at 4:01 p.m. UTC BlockFi Boosted Grayscale Bitcoin Trust Holdings by 11.9M Shares, Now Holds $1.7B GBTC Crypto lender BlockFi on Friday revealed it holds $1.7 billion […]

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

February 10, 2021

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The Grayscale Bitcoin Trust: What It Is and How It Works The Grayscale Bitcoin Trust (GBTC) is the world’s largest bitcoin fund and the first investment vehicle of its kind to report financials regularly to the U.S. Securities and Exchange Commission (SEC). GBTC shares are part of a range of traditional financial products that track […]

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Grayscale Has $19B in Crypto Assets Under Management, Up From $16.4B Last Week

December 29, 2020

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Dec 29, 2020 at 11:07 a.m. UTCUpdated Dec 29, 2020 at 2:40 p.m. UTC Grayscale Managing Director Michael Sonnenshein (CoinDesk archives) Grayscale Has $19B in Crypto Assets Under Management, Up From $16.4B Last Week Digital asset manager Grayscale Investments has passed another milestone, reaching $19 billion in assets under management (AUM) on Dec. 28, up […]

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Family Offices May Now See Bitcoin as Alternative to Gold: JPMorgan Report

November 8, 2020

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Nov 8, 2020 at 23:11 UTCUpdated Nov 9, 2020 at 14:34 UTC The Grayscale Bitcoin Trust is outperforming gold exchange-traded funds (ETFs), a trend perhaps driven by institutional investors like family offices, according to a report by JPMorgan analysts that CoinDesk has obtained. “This contract lends support to the idea that some investors that previously […]

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