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The stock of Coinbase fell 1.2% Wednesday while bitcoin mining firms Marathon Digital and Riot Blockchain were down 3% and 2.4%, respectively. All three surged by double-digit percentages on ...
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 ...
When the brand-new Grayscale launched its Bitcoin trust in 2013, it offered something truly novel: a way for accredited investors to gain access to the cryptocurrency in the form of shares of ...
Competitive dynamics suggest Grayscale would have to match that rate, but the reality is the firm is likely to charge more since most customers tempted to exchange Grayscale's Bitcoin ETF for a ...
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 ETF doesn't manage its Bitcoin assets for nothing. It charges a 1.5% expense ratio for its services. Additionally, the ETF buys Bitcoin continually, so it's essentially ...
The judges concluded that the SEC was "arbitrary and capricious" when it denied Grayscale's conversion application in 2022 after previously approving ETF products that held bitcoin futures contracts.
Crypto asset manager Grayscale Investments is urging the U.S. securities regulator to greenlight options on its spot bitcoin exchange-traded fund, a move that would open the product to a new class ...