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Shares of Grayscale's Bitcoin Trust 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 35.7% ...
A handful of hedge funds made a winning bet on approval of a spot bitcoin exchange-traded fund (ETF) by investing in the Grayscale Bitcoin Trust (GBTC) well ahead of regulatory sign off, according ...
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.
GBTC became an SEC-reporting bitcoin investment fund in 2020. As such, it files publicly available financial disclosure forms, including the quarterly Form 10-Q and annual Form 10-K. [11] In 2021, the company added Grayscale Solana Trust to its portfolio, the 16th such fund it manages. [12] The company managed digital assets totalling $50 billion.
Digital Currency Group was launched in 2015 by Barry Silbert, the former CEO of SecondMarket, Inc. He began investing in blockchain technology companies in 2013. [3] Shortly after SecondMarket's sale, Silbert formed Digital Currency Group, with Genesis and Grayscale becoming the first of the company's subsidiaries.
On 4 May 2015, Bitcoin Investment Trust started trading on the OTCQX market as GBTC. [ 155 ] In 2013 and 2014, the European Banking Authority [ 156 ] and the Financial Industry Regulatory Authority (FINRA), a United States self-regulatory organization , [ 157 ] warned that investing in bitcoins carries significant risks.
Arguments in a closely-followed lawsuit between crypto firm Grayscale and the SEC suggested some investors are optimistic Grayscale's Bitcoin Trust could win approval to convert to an ETF.
GBTC may refer to: Grayscale Bitcoin Trust; Greater Boston Track Club This page was last edited on 19 January 2024, at 20:20 (UTC). Text is available under the ...