GBTC News

What is GBTC? The Grayscale Bitcoin Trust, which trades under the ticker GBTC, is an investment vehicle that trades similar to a stock, with each share representing a specific amount of Bitcoin (BTC). Grayscale is a company providing various financial products. It originally launched GBTC in 2013. The product trades over the counter (OTC), although Grayscale aims to transform it into an exchange-traded fund (ETF). Historically, the price of Grayscale’s GBTC has traded notably above and below the equivalent value of the underlying BTC per share when compared with trading Bitcoin on crypto exchanges. This price difference is referred to as the GBTC premium. Is GBTC a good way to buy Bitcoin? GBTC essentially gives people outside of the cryptosphere the opportunity to own Bitcoin that is packaged similar to a stock under traditional United States regulations.

Top News

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Cathie Wood’s ARK ignores Silvergate, buys Coinbase stock for 6th straight month

2023-03-08T10:50:55+00:00

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Cointelegraph analyst and writer Marcel Pechman explains how the U.S. Dollar Index (DXY) impacts cryptocurrencies.

How does the US Dollar Index (DXY) impact cryptocurrencies? Watch Macro Markets

2023-02-26T05:39:17+00:00

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Grayscale Investments’ boss, Michael Sonnenshein, said that if GBTC got the green light to “convert” to a spot Bitcoin ETF, there would “no longer” be a discoun...

GBTC approval could return a ‘couple billion dollars’ to investors: Grayscale CEO

2023-02-26T03:36:07+00:00

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Osprey alleges its only competitor on the BTC OTC trust asset market gained its 99.5% market share by misrepresenting the likelihood of its trust becoming an ET...

Osprey sues Grayscale for misrepresenting likelihood of GBTC ETF approval

2023-01-30T21:52:55+00:00

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Market Analysis

Bad news continues to dominate crypto media headlines, but Bitcoin and the broader market appear not to care.

Total crypto market cap rises above $1T — data suggests more upside is in store

2023-01-27T22:30:00+00:00

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Grayscale had expected it wouldn’t be able to voice arguments until the second quarter, and is calling the quicker timeline “welcome news.”

Court to hear oral arguments in Grayscale’s lawsuit against the SEC in March

2023-01-25T00:13:41+00:00

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Grayscale appealed the SEC’s denial of its application to create a spot BTC ETF in June; the case “is moving swiftly,” according to the Grayscale chief legal of...

Grayscale files brief in ETF suit against SEC, oral arguments may come within months

2023-01-13T21:55:00+00:00

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No fresh BTC price catalyst from the Fed as Chair Jerome Powell fails to mention inflation altogether.

Bitcoin price targets include new $14K dip as Fed’s Powell avoids inflation

2023-01-10T15:17:51+00:00

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