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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.
As of Wednesday, GBTC traded at a 35.7% discount to the value of its bitcoin holdings, according to data from YCharts. That's up from a discount closer to 45% at the start of this month.
Since January, GBTC has seen capital outflows of $11.05 billion, according to data from crypto research firm BitMEX Research, even as bitcoin climbed to an all-time high and competitors recorded ...
On January 19, 2023, Genesis Global Capital filed for Chapter 11 bankruptcy protection, citing over 100,000 creditors and liabilities of between $1 billion and $10 billion. [12] In February 2023, DCG struck a deal with creditors to either sell its Genesis unit or turn its equity over to creditors. [ 13 ]
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The actual fork was preceded by Mike Hearn publishing a Bitcoin Improvement Proposal (BIP 64) on June 10, 2014, calling for the addition of "a small P2P protocol extension that performs UTXO lookups given a set of outpoints." [src 1] On December 27, 2014 Hearn released version 0.10 of the forked client XT, with the BIP 64 changes.
The agency was forced into action after a landmark court victory by the crypto firm Grayscale and the arrival of major players like BlackRock and Fidelity.
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 ...