Following the launch of Canada’s first Bitcoin ETF, shares in Grayscale’s Bitcoin Trust have spent an entire month trading at a discount compared to spot BTC for the first time.
ARK Invest Boosted Its GBTC Holdings by 2.14M Shares in Q4
Cathie Wood’s asset manager significantly boosted its stake in the Grayscale Bitcoin Investment Trust.
BlockFi Boosted Grayscale Bitcoin Trust Holdings by 11.9M Shares, Now Holds $1.7B GBTC
The disclosure comes as BlockFi prepares to launch a competitor bitcoin trust product.
The Grayscale Bitcoin Trust: What It Is and How It Works
The Grayscale Bitcoin Trust is a traditional financial product that allows institutional investors to gain exposure to bitcoin.
What Is Guggenheim Partners?
Guggenheim Partners is part of the next wave of institutional investment firms looking to step into Bitcoin.
Rothschild Investment Adds to Grayscale Bitcoin Holdings
The manager of $1.4 billion first bought bitcoin trust shares in 2017.
Bitcoin Sells Off on Bearish Sentiment, Yellen Worries
The sell-off also led to major corrections for other cryptocurrencies including ether, stellar, xrp and chainlink.
Bitcoin’s Price Must Pass $40K to Halt Exodus of Traders: JPMorgan Analysts
A bearish outlook may be triggered if bitcoin doesn’t claw its way back over $40,000, the analysts said.
Grayscale Raises $700M+ in a Day, Its Largest Daily Asset Raise Ever
In Q4 2020, the company raised $3.3 billion across its cryptocurrency investment vehicles.
Grayscale Has $19B in Crypto Assets Under Management, Up From $16.4B Last Week
The digital asset manager held $19 billion in assets under management as of Monday, up from last week’s $16.4 billion.
Grayscale Has $16.4B in Crypto Assets Under Management, Up From $13B a Week Ago
The firm’s bitcoin AUM rose by more than $3 billion in a week.
Family Offices May Now See Bitcoin as Alternative to Gold: JPMorgan Report
In a research report by JPMorgan’s global markets team, analysts noted that Grayscale Bitcoin Trust’s flow trajectory outperformed gold exchange traded funds.