Follow up
Wilshire tells Cointelegraph how its publicly listed Bitcoin fund will differ from other U.S. competition.
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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.
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22% of crypto fund manager Grayscale Investments’ purchases have been Ether throughout 2020 so far, totaling $110 million worth of accumulation.
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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.
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Crypto fund manager Grayscale Investments is believed to have purchased one-third of new Bitcoin for three months.
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Publicly traded Bitcoin fund Grayscale Bitcoin Trust filed a form with the United States SEC to become the first crypto fund to report to the regulator.
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New product the company says “looks and feels like” a Bitcoin ETF falls flat trying to appeal to its high-end client base.
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Grayscale announced that out of the firm’s $2.1 billion worth of assets under management, $1.97 billion resides in its bitcoin investment trust.
5158 Eyebrows Raised as Value of Bitcoin Investment Trust is Double That of Underlying Bitcoin
24837Following the recent spike in bitcoin trading volume and price, shares of Grayscale Investment’s Bitcoin Investment Trust (BIT) surged to US$32 per share, marking a 10.92% increase over the past few days
1201LA-based financial services and investment firm Wedbush Securities released a report in which it predicts that bitcoin will trade for US$400 by next year.
632Bitcoins can now be traded on the public markets. After a long wait, Grayscale Investment’s Bitcoin Investment Trust (BIT) received formal approval on March 26 and began trading in May with the ticker GBTC.
1639The publicly traded shares of the Bitcoin Investment Trust have officially started trading on the public markets, Bitcoin startup Case has launched its Bitcoin hardware wallet on-stage at TechCrunch Disrupt NY, and more news.
879Barry Silbert’s Bitcoin Investment Trust, the eagerly awaited gateway to opening up Bitcoin investment to major markets, has gone live, beating out the Winklevoss twins’ Bitcoin ETF.
597Barry Silbert continues to shock his fans with the bold moves that made him one of the shrewdest Bitcoin investors in the world.
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