Bitcoin Investment Trust Surges Amid Stock Volatility
Amid the stock market turbulence experienced throughout last week, the Winklevoss Bitcoin Exchange has fared very well. The Bitcoin Investment Trust Sees Smooth Sailing. The Bitcoin Investment Trust offers the first publicly quoted securities which derive value from the Bitcoin price. BIT is publicly quoted on the OTCQX®. GBTC is sponsored by Grayscale Investments, which believes “digital currencies are poised to radically transform our financial system.” The firm wishes to offer investors “an established, trusted and accountable partner that can help them navigate the gray areas of....
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The Bitcoin Investment Trust (BIT) has more than 100,000 Bitcoins in its possession, said Barry Silbert, chief of Second Market and the trust’s founder. Silbert plans to expand BIT further this year, as investors expect the trust to file for an IPO sometime in the fourth quarter. The firm is a private investment machinery that is expected to add a new type of investors once it sells stock to the public, according to the bitcoinnews. BIT and Winklevoss Bitcoin Trust are competing for the same market and have to rise above several obstacles to enter the stock market. However, BIT has....
As you've probably read, the Winklevoss twins have been trying to get a publicly-traded Bitcoin fund on the market for some time now. Theirs is to be COIN, but in a turn of events, the Bitcoin Investment Trust has beat them to the punchline and will soon be listed as BTCV, according to the Wall Street Journal. The Bitcoin Investment Trust is conglomerate of smart and old money who believe the future of money will include Bitcoin. It was launched in 2013 by a few financial firms, and its value stems wholly from the fiat price of Bitcoin, with no diversification or dilution of purpose. Will....
Following the recent spike in bitcoin trading volume and price, shares of Grayscale Investment’s Bitcoin Investment Trust (BIT) surged to US$32 per share, marking a 10.92% increase over the past few days as well as an almost ten times increase in volume. BIT, the publicly tradable shares of bitcoin operating under the ticker GBTC, was launched back in March and represents approximately one tenth of a bitcoin. As of today, bitcoins in the Bitcoin Investment Trust are being sold at US$320 per BTC. Currently, bitcoins are being traded at US$330 per bitcoin across international exchanges....
For those unaware of what Cryptor Europe is, you must know what Cryptor Trust is and fortunately, the answer is quite simple. Cryptor Trust Inc. is a global investment group and think tank focused not only in bitcon, but any other crypto related assets. As of right now, Cryptor Trust is the first global investment group with a formal capital structure based on bitcoin without the need of a bank account. Another thing that makes Cryptor Trust unique is the fact that they only sell their shares for bitcoin which is unseen nowadays by a company seeking funds. Cryptor Europe Inc. on the other....
Coinbase has now applied for a national trust charter with the Office of the Comptroller of the Currency (OCC). This move comes as the American crypto exchange seeks to expand its payment operations amid the rise of favorable crypto policy in the US. Related Reading: Bitcoin Spot Demand Surges As Coinbase Premium Signals Strength – […]