Tagged: grayscale bitcoin trust

January 11, 2024 @ 11:07 am By JD Alois  |  

Bitcoin is currently trading at over $47,000 after nearing $49,000 – responding to the bevy of Bitcoin ETFs that have commenced trading today. Yesterday, the Securities and Exchange Commission approved the listing of eleven exchange-traded funds that represent spot Bitcoin prices. Clear Junction Head of… Read More

July 13, 2023 @ 9:35 pm By Omar Faridi  |  

Fir Tree Partners, a meaningful shareholder of the Grayscale Bitcoin Trust (GBTC), announced it has reached an agreement with Grayscale Investments (together with GBTC, Grayscale) and has issued the below statements regarding Grayscale’s “continued refusal to conduct a tender offer that would unlock value for… Read More

October 19, 2021 @ 10:07 am By JD Alois  |  

Following the first Bitcoin ETF to trade on an exchange, Grayscale says it has filed to migrate its Bitcoin Trust to a spot Bitcoin ETF [exchange traded fund] in partnership with NYSE Arca. Grayscale has long messaged its goal of migrating its Trust to an… Read More

March 11, 2021 @ 9:59 am By JD Alois  |  

Digital Currency Group (DCG) the parent company of Grayscale Investments, has authorized the purchase by DCG of up to $250 million worth of shares of Grayscale Bitcoin Trust (OTCQX: GBTC). The purchase by DCG will be made on the open market, at management’s discretion, and… Read More

February 1, 2021 @ 8:59 pm By Omar Faridi  |  

Grayscale Investments, a subsidiary of Barry Silbert’s VC company, the Digital Currency Group, has added six new trusts, which includes those associated or linked to Polkadot (DOT) and Aave (AAVE) digital tokens. The other new trusts added by Grayscale include Monero (XMR), Cardano (ADA), Cosmos… Read More

November 15, 2020 @ 7:51 pm By Omar Faridi  |  

Kevin Rooke, a digital asset analyst who’s well-known for his insightful tweets, recently noted that Grayscale, one of the largest institutional investors in the crypto space, is “on fire.” Rooke revealed that Grayscale’s Bitcoin (BTC) Investment Trust now holds around 506,000 BTC, which is about… Read More

June 12, 2020 @ 5:31 pm By Omar Faridi  |  

Singapore-based Three Arrows Capital, a digital asset hedge fund, has reportedly become the first qualified investor to hold over 5% of Grayscale’s Bitcoin Trust (OTC:GBTC) shares. According to Grayscale, its Bitcoin Trust’s shares are the first publicly quoted securities “solely invested in and deriving value… Read More

January 21, 2020 @ 12:27 pm By JD Alois  |  

Grayscale Investments has announced that the world’s largest digital currency asset manager Grayscale Bitcoin Trust has become an SEC reporting company following the approval of a filing with the SEC. Grayscale notes that this is the first-ever digital currency investment product to become a reporting… Read More

November 21, 2019 @ 12:29 pm By JD Alois  |  

Grayscale Bitcoin Trust (OTC:GBTC) became the first-ever publicly traded Bitcoin investment vehicle in the US in 2013. It has grown to become the largest Bitcoin investment product in the world. In October, GBTC announced its largest quarterly inflow of capital. The Trust started as a… Read More

January 4, 2018 @ 9:08 am By JD Alois  |  

Merrill Lynch has blocked all of their retail customers from investing in Grayscale’s Bitcoin Investment Trust (OTC: GBTC). This follows a ban on enabling investors from purchasing futures trading on the CBOE and CME. This follows a report from WSJ that quoted an internal memo stating;… Read More