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.
A report on the firm's holdings to the SEC for Q2 2021 revealed the bank's trust division had 29,498 shares in Grayscale's Bitcoin Trust, worth more than $880,0...
First Midwest Bank Trust Division increases Grayscale Bitcoin Trust holdings by 283%
Turner Wright
Wood recently asserted the crypto downtrend has improved the chances of a Bitcoin ETF securing regulatory approval.
Cathie Wood's Ark Invest teams up with 21Shares to file for Bitcoin ETF
Brian Quarmby
Ark’s Q1 SEC report revealed holdings of 639,069 shares in Grayscale's Ethereum Trust, worth more than $20 million.
Ark Investment tips $20M into Grayscale Ethereum Trust
Brian Quarmby
Rothschild Investment Corp, has acquired more than 250,000 shares in Grayscale’s ETH trust, and added 8000 shares to its BTC trust holdings — however the firm h...
Rothschild Investment Corp snaps up quarter of a million shares in Grayscale ETH Trust
Brian Quarmby
The Toronto-based investment firm will put the matter to a vote in April.
Canadian firm planning to convert its Bitcoin trust to an ETF
Turner Wright
Market Analysis
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 Litecoin Trust.
Litecoin is trading at a 1,800% premium via Grayscale's LTC trust — But why?
Marcel Pechman
Market Analysis
Grayscale Investments’ GBTC might be the absolute market leader but it is currently trading below fair value as the TSX Purpose Bitcoin ETF is seeing record inf...
Grayscale's Bitcoin premium has dropped to record lows below zero
Marcel Pechman
Market Analysis
Bitcoin has been outperforming Ethereum in the past few days as one popular trader says this is a result of "simple math."
Bitcoin trader explains why BTC outperforming Ethereum is just 'simple math'
Joseph Young

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