Grayscale Bitcoin Trust up 220% since January, outpacing Nvidia shares
Year to date, Grayscale Investments' GBTC has risen 220%, Nvidia, the leader in the S&P 500, up 198%. The market indicator rose 9% over the period, according to CoinDesk.Grayscale Bitcoin Trust (GBTC) is a digital currency investment product that individual investors can buy and sell in their own brokerage accounts.
Grayscale Bitcoin Trust up 220% since January, outpacing Nvidia shares
Year to date, Grayscale Investments' GBTC has risen 220%, Nvidia, the leader in the S&P 500, up 198%. The market indicator rose 9% over the period, according to CoinDesk.
JPMorgan: SEC to approve many spot bitcoin ETFs within months
JPMorgan: optimism about the SEC's approval of many spot bitcoin ETFs has risen; a positive decision is expected within months.
GBTC discount narrows to 16% as Bitcoin ETF launch expectations mount
GBTC discount to NAV narrowed to 15.87%, the lowest since December 2021. The catalyst was rising expectations for an imminent ETF launch.
Grayscale CEO outlines actions after victory over the SEC
Grayscale has not formed a firm view on whether to refile the GBTC-to-ETF conversion, according to CEO Michael Sonnenshein.
Alameda-led group of GBTC holders sues Grayscale
Alameda Research and a number of funds, as holders of GBTC and ETHE, filed a lawsuit against the creator of these trusts—the Grayscale firm.
Court overturns SEC ruling on SPIKES futures
The U.S. Court of Appeals for the D.C. Circuit overturned the SEC's order requiring SPIKES index instruments to be treated as futures, not as securities futures.
Grayscale Bitcoin Trust trading volume hits year high
On July 13, Grayscale Investment's GBTC trading volume reached $183 million — the highest in the past year.
GBTC Shares Jump 57% After BlackRock Bitcoin ETF Filing
After BlackRock filed for the Bitcoin ETF, GBTC shares rose 57%, and the discount to NAV narrowed from 41.7% to 29.3%.
Grayscale Bitcoin Trust trading volume surges fivefold
Trading volume of GBTC from Grayscale jumped 400%, from $16.1 million to $80 million. The market reacted to BlackRock's filing with the SEC for creating a bitcoin-ETF.
Grayscale Bitcoin Trust jumps 12% in a day
On January 9, GBTC rose 12%. The market reaction aligned with news that Morgan Stanley bought Grayscale Investments' Bitcoin Trust shares for $3.6 million through a European fund, Bloomberg writes.
Grayscale to buy back 20% of GBTC on the open market if SEC rejects conversion to ETF
Grayscale Investments, the digital assets manager, will buy back a fifth of outstanding GBTC shares if the SEC refuses to convert it into an ETF. The Wall Street Journal reports, citing investor materials.We use cookies to improve the quality of our service.
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