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March 7, 2023 at 11:04 AM. On Tuesday, shares of Grayscale's Bitcoin Trust (GBTC) rose as much as 16% following an oral argument hearing in the company's lawsuit against the SEC. As of Monday ...
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% ...
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.
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.
The Grayscale bitcoin trust, the largest trust holder of bitcoin in the world, was down more than 4% Wednesday and traded at an 18% discount, according to YCharts. If the trust is allowed to ...
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]
Ever since a precursor to the Grayscale Bitcoin Trust launched in late 2013, shares had always traded at a premium to the so-called NAV—the net asset value of the Bitcoins held in the trust.
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 ...