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.

Market Update
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
William Suberg
Market Update
Bitcoin, crypto and risk asset traders await dovish signals from Fed Chair Jerome Powell ahead of fresh CPI data later in the week.
Bitcoin price holds $17K into Fed Powell speech as GBTC jumps to multi-month highs
William Suberg
Market Analysis
Reasons for bearishness include U.S. Federal Reserve tightening, the absence of leverage buyers’ demand, and fearful BTC options traders.
3 reasons why Bitcoin is likely heading below $16,000
Marcel Pechman
Market Update
Bitcoin does not look good when it comes to sustained BTC price upside, traders warn, as GBTC reaches a fresh record discount.
BTC price faces 20% drop in weeks if Bitcoin avoids key level — Analyst
William Suberg
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
The New York-based hedge funds want Grayscale to cough up information about its flagship Bitcoin trust which it believes could reveal potential mismanagement.
Fir Tree fund sues Grayscale in effort to force changes to Bitcoin Trust
Felix Ng
In the wake of the FTX crisis, proof of reserves has been a trending topic, and it seems when firms are unwilling to provide it, analysts may step in.
Independent research verifies GBTC’s 633K Bitcoin: So why won’t Grayscale?
Luke Huigsloot
Market Update
BTC price bear market bottom targets continue to flow in below $14,000 despite Bitcoin rebounding above $16,000.
Bitcoin price still due $12K dip, says trader as ETF guru backs GBTC
William Suberg

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