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.
History repeating itself have the potential to spark a 2-4X BTC price run, data covering the GBTC premium suggests.
Record GBTC discount may spark $100K Bitcoin price rise — analyst
Bitcoin bulls are looking to eliminate a key overhead resistance level in order to create a path to $55,000.
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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
Growing concerns over rising U.S. Treasury yields are putting pressure on global financial markets and possibly dragging cryptocurrency prices lower.
Increasing stock market volatility drags Bitcoin and altcoin prices lower
The largest cryptocurrency nears $53,000 on Friday in the latest bullish surge as $50,000 holds as support.
Bitcoin accelerates toward $1T market cap as price hits new all-time high
Research from Tyr Capital Arbitrage SP refutes JPMorgan’s claim that a Bitcoin ETF holds negative connotations for BTC's price.
Crypto hedge fund refutes JPMorgan’s claim that Bitcoin ETF is short-term negative for BTC
A release of funds from lock-up traditionally heralds the start of price upside and ends consolidatory phases, data shows.
Grayscale may jumpstart the next phase of the Bitcoin bull run tomorrow
The institutional investment manager holds 30,454 shares of Grayscale’s GBTC, according to a new SEC filing. And no, the firm is not part of the Rothschild fami...
Rothschild Investment Corporation increases stake in GBTC as institutional adoption grows