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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 ...
(Reuters) -Shares of Grayscale Bitcoin Trust jumped 2.4% on Monday after the exchange-traded fund (ETF) that tracks the price of bitcoin saw its first day of inflow since January.
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.
It isn't a store of wealth. All you get is a security that tracks the price movements of the crypto, which is highly volatile. And you get to pay a 0.25% expense ratio for the privilege. All in ...
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]
Grayscale won the suit in August 2023, paving the way for it to convert its long-standing Bitcoin trust into an ETF—and for other players, including Fidelity and BlackRock, to enter the market.
Grayscale Bitcoin Trust recorded $1.9 billion in outflows last week, tipping the group of U.S. spot bitcoin exchange-traded funds (ETFs) into net outflows for the week ending March 22, according ...