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Enter the Grayscale Bitcoin Trust ETF ... Bitcoin Price Chart. Bitcoin Price data by YCharts. However, notice how it's still trounced the S&P 500 since its shares started trading over the counter ...
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.
Hedge funds bought shares in the Grayscale Bitcoin Trust (GBTC) between 2021 and 2023 betting its price would skyrocket once the Securities and Exchange Commission (SEC) gave the spot bitcoin ETF ...
(Reuters) -Shares of Grayscale Bitcoin Trust jumped 2.4% on Monday after the exchange-traded fund (ETF) that tracks the price of bitcoin saw its first day of inflow since January.
Arguments in a closely-followed lawsuit between crypto firm Grayscale and the SEC suggested some investors are optimistic Grayscale's Bitcoin Trust could win approval to convert to an ETF.
The Grayscale bitcoin trust is the largest trust holder of bitcoin in the world. It trades at an 18% discount to the performance of bitcoin, according to YCharts.
Since the approval, competitors BlackRock's iShares Bitcoin ETF and Fidelity Wise Origin Bitcoin Fund have recorded inflows of $10.59 billion and $6.37 billion, respectively.
Bitcoin is down nearly 10% to $16,622 as FTX’s liquidity crisis continues to rattle the markets. Grayscale's Bitcoin Trust Shares Hit Record Discount of 36.7% Skip to main content