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
Bad times for the Grayscale Bitcoin Trust get even worse this week as its discount to BTC/USD approaches 50% for the first time.
GBTC 'elevator to hell' sees Bitcoin spot price approach 100% premium
William Suberg
Breaking news
Grayscale CEO Michael Sonnenshein on Wednesday said the company was “deeply disappointed” and “vehemently disagree” with the SEC’s decision to deny their applic...
BREAKING: Grayscale launches legal challenge to Bitcoin spot ETF rejection
Felix Ng
Markets News
Dark days for crypto institutional investors as contagion fears are magnified and asset prices tumble.
GBTC premium hits -34% all-time low as crypto funds ‘puke out’ tokens
William Suberg
“I think all options are on the table,” said the Grayscale CEO, adding that the company has put its “full resources” into converting its flagship Bitcoin trust....
Grayscale gears up for legal battle with SEC over Bitcoin ETF
Jesse Coghlan
Market Analysis
More capital enters the flagship Grayscale trust as it eyes regulator approval to become an exchange-traded fund later this year.
Institutions increase exposure to Grayscale Bitcoin Trust as GBTC discount nears 30%
Yashu Gola
Markets News
There’s little to smile about when it comes to institutional participation in Bitcoin at the end of the year, data shows.
First US Bitcoin ETF a ‘dud’ in 2021 as GBTC discount stays near record lows
William Suberg
The collaboration aims to give institutions access to digital assets with a new innovative product designed specifically for their needs.
Fidelity and Nexo are entering institutional lending market
Arnold Kirimi
Holding such ETFs in registered accounts can either entirely offset or reduce capital gains tax liabilities for Canadian customers.
Fidelity Canada officially launches Bitcoin ETF and Bitcoin Mutual Fund
Zhiyuan Sun

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