News
The investment firm said it had no plans to sell shares of its Bitcoin trust in the United States.
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Bitcoin Investment Trust News
Bitcoin Investment Trust (BIT) is an open-ended private trust. BIT was launched in 2013 by Barry Silbert from Digital Currency Group. Currently, Bitcoin Investment Trust is sponsored by Grayscale Investments LLC. BIT is a wholly-owned SecondMarket Holdings, Inc. subsidiary and affiliate. According to the Bitcoin Investment Trust’s information given on their official website, the company enables investors to gain profit from Bitcoin price changes without the need of buying and storing cryptocurrency. Bitcoin Investment Trust’s shares were the first securities pegged by Bitcoin and traded publicly. Bitcoin Investment Trust’s stocks have officially received the ticker ‘GBTC.’ Bitcoin Investment Trust, whose value of share will be equal to about one-tenth of BTC’s price minus operational costs, has eliminated all regulatory constraints on its way to trade.
- Markets News
Bitcoin worth $600 million gets taken off the market as BTC/USD struggles to cement support for a retest of $40,000.
46940 - News
Average weekly inflows into Grayscale’s products hit $250.7 million in the fourth quarter, capping off a stellar year for the asset manager.
10582 - Market Analysis
Stablecoin inflows into exchanges spiked right as the price of Bitcoin recovered above $38,000, on-chain data shows.
21519 - Market Analysis
The institutional herd has arrived to the Bitcoin market as institutional platforms see record-high volume.
13282 - News
A Grayscale spokesperson confirmed to Cointelegraph that the fund manager didn’t dump massive stakes of XRP and XLM.
58589 - News
The ex-White House communications director sees a big move for BTC in the next 5 to 10 years.
9666 - Markets News
A huge sell wall at $20,000 may see a major transfer of wealth from whales to institutions based on current data.
42629 - Market Analysis
Gold outflows are rising as Bitcoin rallies due to heightened buyer demand from institutional investors.
28934 - News
The $275 billion company has filed an SEC amendment to allocate over $500 million from the Macro Opportunities fund to Grayscale's GBTC
30724 - Market Analysis
Bitcoin exchange reserves dropped from 2.5 million to 2.355 million in the past month as around 145,000 BTC, worth $2.35 billion, moved out of exchanges.
15951 - Follow up
Wilshire tells Cointelegraph how its publicly listed Bitcoin fund will differ from other U.S. competition.
5545 - News
22% of crypto fund manager Grayscale Investments’ purchases have been Ether throughout 2020 so far, totaling $110 million worth of accumulation.
22055 - News
Independent researcher Kevin Rooke estimates that Grayscale has ramped up its Bitcoin accumulation to a rate equivalent to 150% of the new BTC created since the halving.
30680 - News
Crypto fund manager Grayscale Investments is believed to have purchased one-third of new Bitcoin for three months.
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