MicroStrategy’s Bitcoin Holdings And The Grayscale Bitcoin Trust Discount
Shares of GBTC are trading below prices seen during the 2017 bull run and markets are repricing the level of risk of holding MicroStrategy equity. The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.Bitcoin Investment VehiclesIn our issue last month, GBTC Discount Shrinks, we highlighted the latest state of the Grayscale Bitcoin Trust, an overview of its spot ETF approval process and expected 2023....
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The Grayscale Bitcoin Trust is arguably the most popular bitcoin trust in the world. The advent of the trust cemented the interest of institutional investors in the crypto space, bringing with it widespread popularity. However, the trust itself, despite being largely popular, has not lived up to expectations. It had started trading at a discount […]
Grayscale Investments is shutting down its Grayscale XRP Trust and liquidating its XRP holdings in order to distribute cash proceeds to the trust’s shareholders. The firm cited difficulty in converting XRP into U.S. dollars following the lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Ripple. Grayscale Axes XRP Trust Grayscale Investments announced Wednesday that it is commencing the “dissolution of Grayscale XRP Trust.” The company detailed that on Dec. 22, the U.S. Securities and Exchange Commission (SEC) decided “to file a federal court....
The Grayscale Bitcoin Trust (GBTC) has made a name for itself in the public markets as not only the first-ever publicly traded trust underlined by a cryptocurrency, but it is also the largest bitcoin trust in the world. However, Grayscale has not had an easy go of it in the last as it had been […]
Grayscale, one of the largest cryptocurrency fund managers, has declared it is trying to morph the bitcoin trust GBTC into an exchange-traded fund (ETF) to solve its price woes. The exchange rate is now at a 20% price discount compared to its bitcoin holdings, a fact that has many worried about the overall sustainability of their business model. Grayscale Hints at Becoming an ETF Grayscale, the biggest cryptocurrency fund manager in the world, has declared its Grayscale Bitcoin Trust (GBTC) is in the process to become an ETF to get rid of some of the problems it is facing.....
Digital Currency Group’s Flagship Grayscale Bitcoin Trust Is Trading At About 16.52% Below The Bitcoin Spot Price, Marking The Largest Discount Since Bitcoin’s May Price Decline.