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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 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]
The exchange-traded fund held $19.68 billion of token on Tuesday, overtaking Grayscale Bitcoin Trust's $19.65 billion, report said, citing data compiled by Bloomberg. Grayscale's product website ...
Grayscale said in March that it would seek approval from the Securities and Exchange Commission to spin off a portion of GBTC's assets into a new, lower-fee Bitcoin Mini Trust. The company is yet ...
The Grayscale bitcoin trust is the largest trust holder of bitcoin in the world. It trades at an 18% discount to the performance of bitcoin, according to YCharts. The SEC can approve Grayscale’s ...
A federal court sided with Grayscale on Tuesday in its more-than-year-long lawsuit against the SEC. Grayscale CEO Michael Sonnenshein hails spot Bitcoin ETF decision as ‘huge win’ for crypto ...
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% ...
Outflows from the Grayscale Bitcoin Trust may be reaching an equilibrium after months of investor selling, Michael Sonnenshein, CEO of crypto asset manager Grayscale Investments, told Reuters on ...