GBTC News

GBTC’s issuer added an ETF veteran to its ranks following constructive talks with the Securities and Exchange Commission over approval for spot Bitcoin funds.

Gemini wrote to a federal judge asking the bankruptcy court to invalidate any claims Genesis has to a trove of Grayscale Bitcoin Trust (GBTC) shares in an ongoing dispute between both the two crypto entities.

There has been a significant increase in bitcoin (BTC) stored on over-the-counter (OTC) trading desks, Ark Invest's Bitcoin Monthly report for June 2023 reveals

Grayscale Bitcoin Trust (GBTC) is making waves in the market as its share price surged by almost 9% on March 7.

Grayscale Investments’ CEO Michael Sonnenshein announced that the company might consider “a tender offer” for GBTC if it will not be able to convert its trust to an ETF. In his end-of-year letter to investors, Sonnenshein suggested that “such tender…

Ryan Selkis of Messari now claims Grayscale's GBTC holders cannot dump assets to raise capital.

If Genesis is compelled to file for bankruptcy, some analysts believe GBTC assets won’t be subject to claims from creditors. After FTX’s demise, GBTC, which enables investors to access bitcoin without making a direct investment, has seen a drop in…

The world's largest bitcoin fund, Grayscale Bitcoin Trust (GBTC), fell by over 7% on Thursday, November 17, due to a general decline in crypto prices.

For a number of years, the trading app Robinhood only supported a small number of cryptocurrencies. In the past month, it has increased this number to 11, and it is currently offering two equity assets related to the price of…

The Grayscale Bitcoin Trust (GBTC) stock has expanded its discount against the underlying cryptocurrency held in the fund. As a result, on Wednesday, the stock reached a record level of 26.5%. The Outcomes of the Discount Following the discount, investors…

The U.S. Security and Exchange Commission (SEC) is reportedly reviewing Grayscale’s application to convert their GBTC product into a Bitcoin ETF. SEC Looking at Grayscale’s Application to Convert the GBTC into a Bitcoin ETF The Block report on November 4,…

The BTC price crashed below the $30K support on July 20, as the Crypto Fear & Greed Index fell to 19/100, denoting extreme fear from market participants. The traditional markets shared a similar fate, with the DOW, S&P 500, and…

Although traditional financial institutions and banks are concerned about digital currencies, some are allowing customers to gain exposure to the crypto market. U.S.-based multinational bank Morgan Stanley is one of the notable names in the lot. Morgan Stanley Buys a…

Grayscale Investments will convert its GBTC shares into an Exchange-Traded Fund (ETF) once U.S. regulators approve of such a derivative product, an explainer on Apr 5 reveals. GBTC versus Bitcoin ETF GBTC is a share of the Grayscale Bitcoin Trust–an…

The currency bitcoin market correction has dealt a particularly harsh blow to Grayscale Bitcoin Trust (GBTC), the biggest fund tracking the cryptocurrency. BTC Price Momentum As bitcoin prices plummet, the fund has gone into free-fall, shedding almost 20% off its…

Grayscale is ramping up its purchase of Ethereum and other cryptocurrencies, according to data from Bybt.com. In the last month alone, the crypto manager bought over $215 million or 365,560 ETH, adding 142,475 ETH last week. Buying More ETH on behalf of…