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The second-largest spot Bitcoin ETF is the Grayscale Bitcoin Trust ETF (NYSEMKT: GBTC) at $14.4 billion, but that fund had a head start with a peak asset value of $29 billion before the new crypto ...
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.
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% ...
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 ...
Grayscale filed to list shares of a new investment product, the Grayscale Bitcoin Mini Trust, which will receive a certain amount of bitcoin held by GBTC. In exchange, current GBTC shareholders ...
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]
(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.
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 ...