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As of Wednesday, GBTC traded at a 35.7% discount to the value of its bitcoin holdings, ... "We lean towards the former for now," Seyffart added. U.S. Securities and Exchange Commission (SEC ...
GBTC - which in January received approval to convert from a trust to an ETF - currently has higher fees than its peers, one of the key factors in drawing investors to rival ETFs, Reuters has reported.
Grayscale was founded in 2013, launching a bitcoin trust that year. [4] In 2015, the company became a subsidiary of Digital Currency Group. [5] The same year, Grayscale Bitcoin Trust (OTCQX: GBTC) began trading over-the-counter on the OTCQX market, becoming the first publicly traded bitcoin fund in the United States.
Instead of bringing in fresh capital, spot ETFs are likely to instead draw from capital already invested in Bitcoin-backed vehicles such as the Grayscale Bitcoin Trust (GBTC), Bitcoin futures ETFs ...
According to a January 2021 SEC filing, Three Arrows owned almost 39 million units of Grayscale Bitcoin Trust (GBTC) at the end of 2020. [18] The firm invested approximately $200 million in LUNA tokens in February 2022. [4] [19] [20] In April 2022 Bloomberg reported that Three Arrows was planning to move its headquarters to Dubai from Singapore ...
“Today’s spot Bitcoin ETF approvals mark a historic milestone for the future of the digital asset ecosystem in the United States,” they wrote in a statement shared with Fortune. This story ...
GBTC may refer to: Grayscale Bitcoin Trust; Greater Boston Track Club This page was last edited on 19 January 2024, at 20:20 (UTC). Text is available under the ...
The Dow Jones Industrial Average was down nearly half a percent at the close, while the Nasdaq Composite Index, which contains more technology stocks, cut early losses to close just 0.2% lower ...