GBTC is the stock ticker of the Bitcoin Investment Trust (BIT) company, which has become the first public Bitcoin fund. GBTC's price directly depends on the increase in demand for GBTC, which — for its part — might be affected by BTC's price. That actually happened when BIT was launched and the BTC price increased 20 percent. The first official announcement about the appearance of BIT was made in 2015. Fund BIT was founded in 2013 by founder and CEO of Digital Currency Group, Barry Silbert. BIT has become the first fund that trades Bitcoin in a public exchange and has obtained the necessary agreements from regulatory organs and received the official Bitcoin Investment Trust GBTC ticker. GBTC of Bitcoin Investment Trust is an important step on the way to the massive acceptance of cryptocurrency.
It's a polarizing world in institutional Bitcoin offerings this week as Grayscale's CEO remains convinced demand will return.
Canadian Bitcoin ETF adds 6.9K BTC in one day as GBTC discount hits record low
Storm clouds are slowly fading for Grayscale and its embattled Bitcoin institutional investment product, while frustration with U.S. regulators continues to mo...
GBTC premium nears 2022 high as SEC faces call to approve Bitcoin ETF
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%
The share repurchase program centers around Grayscale's Litecoin, Zcash and Horizen investment products.
DCG announces $250M share repurchase for Grayscale products
The Securities and Exchange Commission is once again inviting the public to comment on whether a spot Bitcoin ETF presents a material risk to investors.
SEC again delays decision on Grayscale’s Bitcoin ETF
Uncertainty across the board means an unusual end to a bull market Q4 for Bitcoin this year, but a price floor may be closer than many think.
Biggest GBTC discount ever — 5 things to watch in Bitcoin this week
The cryptocurrency investment giant has also seen “massive” options volume as gold takes a fresh beating and institutions seek Bitcoin exposure.
‘#DropGold worked’ — Grayscale ‘flippens’ world’s largest gold fund as AUM hits $60B