The Bitcoin Investment Trust's GBTC Begins Trading on Public Markets
It has been a long time coming, but as of this morning, the publicly traded shares of the Bitcoin Investment Trust have officially started trading under the ticker GBTC. For the first time in bitcoin's history, bitcoin can now be bought and sold on the public markets. For the past few weeks, there have been multiple bids placed for shares of GBTC,....
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Leading blockchain firm Digital Currency Group's trusted investment authority Grayscale launched the highly-anticipated Bitcoin Investment Trust (GBTC) in March, allowing investors in the public markets to trade bitcoins publicly. Operating under the ticker GBTC, each share of Bitcoin Investment Trust represents one tenth of a bitcoin, guaranteeing a certain amount of bitcoins per share owned by an investor. Upon its launch, the shares of GBTC surged to US$32 per share, marking a 10.92% increase in just a few days as the daily volume increased by 10 times. Due to an increasing number of....
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 Bitcoin Trust's premium is now above 30% as institutional demand for BTC continues to increase. The demand for the Grayscale Bitcoin Trust (GBTC) continues to rise with its premium surpassing 30% on Dec. 3. This indicates that Bitcoin (BTC) is seeing increasing institutional demand as its price consolidates above $19,000.The Grayscale Bitcoin Trust is an institutional vehicle that is tradable in the United States through OTC markets. Accredited and institutional investors typically use the trust to obtain exposure to BTC with their brokerage accounts.Why is the Grayscale Bitcoin....
Grayscale Investments’ GBTC might be the absolute market leader but it is currently trading below fair value as the TSX Purpose Bitcoin ETF is seeing record inflows. Grayscale Bitcoin Trust ($GBTC) is currently the largest listed cryptocurrency asset with $30.17 billion in assets under management. The firm currently holds more than 655,730 BTC and the security is tradable in the United States through over-the-counter markets.How is GBTC different from a Bitcoin ETF?The fund was launched in 2013 and the Grayscale Bitcoin Trust became the preferred institutional vehicle in the U.S. for BTC....
The Bitcoin Investment Fund (GBTC) is now live. This means that bitcoin has finally made it to traditional, international markets. From the slums of the Internet cypherpunk community and the uncertainties of volatility to the benches of international financial markets, Bitcoin has come a long and hard way, and finally we can say that is now being recognized as a trusted investment fund. GBTC offers the chance for investors to invest in bitcoin without even having to deal with the currency and all the issues associated with owning it. It’s like buying shares in a gold exchange traded fund....