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Shares of Grayscale's Bitcoin Trust (GBTC) have gained more than 17% since Friday as optimism around the company's efforts to convert the trust to an ETF grows. As of Wednesday, GBTC traded at a ...
Goldman Sachs third-quarter profits surged 45% from a year ago as a rise in dealmaking and stock trading lifted the Wall Street giant.Net income was nearly $3 billion, up from roughly $2 billion ...
(Reuters) -Citigroup posted a smaller-than-expected drop in profit for the third quarter thanks to gains in investment banking, sending its shares more than 2% higher in premarket trading on Tuesday.
Grayscale was founded in 2013, launching a bitcoin trust that year. [4] In 2015, the company became a subsidiary of Digital Currency Group. [5] The same year, Grayscale Bitcoin Trust (OTCQX: GBTC) began trading over-the-counter on the OTCQX market, becoming the first publicly traded bitcoin fund in the United States.
Grayscale Investments. Luno. Website. dcg.co. Digital Currency Group (DCG) is a venture capital company focusing on the digital currency market. It is located in Stamford, Connecticut. [2] The company has the subsidiaries Foundry, Genesis, Grayscale Investments, and Luno. It also formerly owned CoinDesk.
The Nasdaq composite lagged the market with a gain of 0.3% after a slide for Tesla kept it in check. It closed at 18,342.94. Wells Fargo rose 5.6% after reporting stronger profit for the latest quarter than analysts expected. JPMorgan Chase climbed 4.4% after reporting a milder drop in profit than analysts feared.
GBTC - which in January received approval to convert from a trust to an ETF - currently has higher fees than its peers, one of the key factors in drawing investors to rival ETFs, Reuters has reported.
JPMorgan Global Growth & Income. JPMorgan Global Growth and Income (LSE: JGGI) is a large British investment trust. Established in 1887, it is dedicated to investing in companies worldwide. [1] The Chairman is Tristan Hillgarth. [2]