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Owning Grayscale Bitcoin Trust versus Bitcoin An exchange-traded fund , or ETF, is a basket of assets (most commonly stocks) that trade under a single ticker symbol.
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.
By Niket Nishant and Hannah Lang (Reuters) -Digital asset manager Grayscale Investments on Tuesday filed for a spin-off of its spot bitcoin exchange-traded fund (ETF), the Grayscale Bitcoin Trust ...
Grayscale was the world's largest asset manager for digital currency, as of December 2021, with more than $50 billion in assets under management. [7] Grayscale also manages the Grayscale Bitcoin Investment Trust (OTCQX: GBTC), which was the first publicly quoted security solely invested in the price of bitcoin upon its launch in 2013. [3]
They can buy actual Bitcoin, or invest in a spot Bitcoin ETF like the Grayscale Bitcoin Trust. There are pros and cons to each. Investing directly in Bitcoin requires a blockchain wallet or an ...
That dynamic changed when Grayscale, a prominent crypto asset manager that runs the largest Bitcoin trust, sued the agency in 2022 for allowing futures-based ETFs but not spot vehicles.
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 ...
This has effectively made the Grayscale Bitcoin Trust (OTC: GBTC) the first cryptocurrency investment vehicle to become an S.E.C. reporting company, it said in a statement. Grayscale offers its ...