GBTC delivered better returns than Bitcoin ETFs last week

GBTC delivered better returns than Bitcoin ETFs last week

Grayscale's flagship Bitcoin fund had no competition from the newly-launched ETF products in their first seven days, figures show. Bitcoin (BTC) investment vehicle the Grayscale Bitcoin Trust (GBTC) outperformed the newly-launched exchange-traded funds (ETFs) last week, data shows.Figures shared by Grayscale executives among others confirm that GBTC quietly delivered better investor returns since Oct. 19.Grayscale "discount" hits one-month lowsWhile talk continues to revolve around Bitcoin futures ETFs and their market impact, industry stalwart Grayscale is biting back.Amid claims that the....


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The increasing GBTC price comes on the heels of another bullish Bitcoin trend. The Bitcoin Investment Trust is benefiting from the recent BTC price surge. Now that the publicly traded offering surpassed the US$200m market cap, things are looking very promising for GBTC. This news seems to indicate mainstream traders are flocking to GBTC over the past week. Publicly traded stocks have seen their fair share of problems during 2016. Traditional stocks have seen a lot of losses and small gains over time, resulting in a barely positive balance. But GBTC has successfully bucked this trend, as....