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Additionally, the ETF buys Bitcoin continually, so it's essentially averaging up over time as Bitcoin's price rises. As a result, the ETF doesn't perform as well as Bitcoin itself. Bitcoin Price Chart
Bitcoin Price data by YCharts. The first chart depicts the five-year price history of Bitcoin and the SPDR S&P 500 ETF Trust (NYSEMKT: SPY), an exchange-traded fund (ETF) that performs in ...
The second-largest spot Bitcoin ETF is the Grayscale Bitcoin Trust ETF (NYSEMKT: GBTC) at $14.4 billion, but that fund had a head start with a peak asset value of $29 billion before the new crypto ...
Under CEO Michael Sonnenshein, who joined the firm in 2014 as a salesman and rose to the helm in 2021, Grayscale brought digital assets to conventional investors through its Bitcoin trust before ...
(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.
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.
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.
A handful of hedge funds made a winning bet on approval of a spot bitcoin exchange-traded fund (ETF) by investing in the Grayscale Bitcoin Trust (GBTC) well ahead of regulatory sign off, according ...