Digital Currency Group To Invest $250 Million In Grayscale Bitcoin Trust
Digital Currency Group, the parent of Grayscale Bitcoin Trust’s manager, plans to invest $250 million to gain indirect exposure to bitcoin.Today, Digital Currency Group (DCG) announced an authorization to purchase $250 million worth of shares in Grayscale Bitcoin Trust (GBTC).DCG is the parent company of Grayscale Investments, which manages GBTC. But DCG plans to purchase the shares on the open market with cash on hand, but there are few other stipulations that were announced, and the actual total purchase may vary in timing and volume, depending on price and cash available. The purchase....
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On Monday, the digital currency asset manager Grayscale Investments announced intentions to file for a bitcoin exchange-traded fund (ETF) when permissible. The subsidiary of Digital Currency Group (DCG) says in regard to its crypto trust products that it always been the company’s intention “to convert these products into an ETF.” Transforming Grayscale’s $34 Billion Bitcoin Trust Into an Exchange-Traded Fund It looks like Grayscale Investments is planning to join the race of firms looking to launch an exchange-traded fund (ETF) in the United States. Grayscale....
Bitcoin Investment Trust (BIT) has been approved to go public on the securities marketplace OTC Markets Group, with shares available to be traded as early as next week. However, this may be available only to investors of Grayscale Investments, which will sponsor BIT. The fund will be listed under the symbol GBTC. Grayscale Investments is a private investment vehicle owned by Digital Currency Group (DGC), which would take on the responsibilities to launch and run the fund. Director of sales & business development Michael Sonnenshein says that they are trying to establish themselves as a....
Grayscale Investments has launched a solana trust. The company now has nearly $54 billion in total assets under management. The new trust, which is the company’s 16th crypto investment product, will solely invest in solana (SOL). The CEO of Grayscale said that investors are increasingly “diversifying their exposure beyond digital assets like bitcoin and ethereum.”
Grayscale Adds Solana to Its List of Investment Products
Grayscale Investments, the world’s largest digital currency asset manager, announced Tuesday the launch of Grayscale Solana Trust.....
The share repurchase program centers around Grayscale's Litecoin, Zcash and Horizon investment products. Grayscale parent Digital Currency Group, better known as DCG, announced that it intends to repurchase up to $250 million in shares for various Grayscale investment products.The share repurchase program is centered around Grayscale’s Litecoin Trust, Horizon Trust, Zcash Trust and other Grayscale products, DCG confirmed on Wednesday. The pace and timing of the share repurchase are not fixed and will depend on several factors, “including the levels of cash available, price, and prevailing....
Bitcoin Investment Trust (BIT) has received approval to list on the securities marketplace OTC Markets Group, meaning shares could begin trading as soon as next week. In preparation for the debut, the private investment vehicle owned by Digital Currency Group (DCG) has announced the launch of Grayscale Investments, which will sponsor the BIT, taking on responsibilities as necessary to register and run the fund. Commenting on the news, director of sales & business development Michael Sonnenshein laid out a broad vision for the latest entrant in the larger DCG entity, the parent brand for....