Ark Adds to Bitcoin Exposure Buying $8 Million Worth of Grayscale Shares
Ark Invest purchased over 310,000 shares of the Grayscale Bitcoin Trust on Monday worth nearly $8 million.UPDATE: Ark Invest purchased an additional 140,157 shares of Grayscale Bitcoin Trust (GBTC) on Tuesday, July 20, according to published records from ARK Invest. Ark Invest has purchased over $10 million worth of shares in GBTC so far this week, adding nearly half a million in shares in total to its ARK Next Generation Internet ETF.Asset management firm Ark Invest purchased over 310,000 shares of the Grayscale Bitcoin Trust on Monday for its ARK Next Generation Internet ETF (ARKW)....
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Investors looking to gain LTC exposure using traditional equities are willing to pay a premium of more than 1,800% to buy it via Grayscale's Litecoin Trust. Shares in Grayscale Investments' Litecoin Investment Trust, or LTCN, have been trading at a whopping 1,800% premium over the market rate of their underlying asset, Litecoin (LTC).$319 per Litecoin? This difference is caused primarily due to retail investors' inability to purchase shares directly from Grayscale Investments, whose funds are aimed exclusively at accredited investors.LTC holdings per $LTCN share (orange) and premium....
One of the biggest asset managers in Israel allocated millions of dollars into the shares of Grayscale’s Bitcoin Trust (GBTC). Altshuler Shaham is now gaining exposure to bitcoin by investing $100 million in shares, according to a local media outlet. Altshuler Shaham Currently Holds $150M Worth in BTC Per Globes Israel, the multi-million-dollar investment yielded a return of almost 100%. That’s because the exposure was made by the investment house in December 2020, when bitcoin (BTC) prices were hovering around the $21,000 level. Afterward, Altshuler Shaham took profits when....
The investment firm has increased its shares of GBTC by more than 105% since April. Major U.S. investment bank Morgan Stanley has more than doubled its shares of Grayscale Bitcoin Trust since April.According to a report from the U.S. Securities and Exchange Commission, or SEC, filed Sept. 27, the Morgan Stanley Europe Opportunity Fund, which invests in established and emerging companies throughout Europe, owned 58,116 shares of the Grayscale Bitcoin Trust, or GBTC, as of July 31. At the time of publication, the price of GBTC is $34.28, making the investment bank’s exposure to Bitcoin (BTC)....
The investment firm's exposure to Bitcoin across three major funds totals roughly $303 million with 6,626,381 shares as of Sept. 30. Investment funds from major U.S. investment bank Morgan Stanley have increased their exposure to Bitcoin through purchases of shares of Grayscale Bitcoin Trust.According to filings from the United States Securities and Exchange Commission on Tuesday, the Morgan Stanley Insight Fund increased its holdings of Grayscale Bitcoin Trust, or GBTC, shares more than 63%, from 928,051 in the second quarter of 2021 to 1,520,549 as of Sept. 30. In addition, filings on....
The investment bank reported owning a significant stake in GBTC as of April 30, according to a recent filing with the SEC. Wall Street investment bank Morgan Stanley has gained exposure to Bitcoin (BTC) through Grayscale, offering further evidence of wider institutional acceptance of digital assets.The Morgan Stanley Europe Opportunity Fund, which invests in established and emerging companies throughout Europe, owned 28,298 shares of the Grayscale Bitcoin Trust, or GBTC, as of April 30, according to a June 28 filing with the United States Securities and Exchange Commission. At a current....