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Ad Grayscale Bitcoin Trust (GBTC) is trading at a discount of 47.35% to the underlying assets’ net asset value (NAV) as of Feb. 15 — a record low for the current year. GBTC shares are trading for $10.85 after increasing by 4.43% in the last 24 hours, according to ycharts data. Earlier in the year,…
Grayscale’s chief legal officer Craig Salm said on Jan. 12 that he does not expect the recent spate of events in the crypto space to impact its case against the SEC. Recent crypto events won’t impact Grayscale’s case According to him, the lawsuit is about “determinations on questions of law.” He added that despite the SEC’s…
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Several crypto-related stocks have seen their values plunge to new record lows despite Bitcoin’s (BTC) value gaining upward momentum over the past 30 days. GBTC discount rises to above 50% Grayscale’s Bitcoin Trust (GBTC) traded at a record discount rate of 50% on Dec. 13 following the US SEC’s defense of its refusal to approve…
Grayscale Bitcoin Trust (GBTC) is trading at a record-low discount of 49.20% to the underlying assets’ net asset value (NAV), as of Dec. 8. Source: Tradingview According to ycharts data, GBTC shares are trading for $8.11 at a discount of 47.27%. GBTC’s discount raises crypto community concern The crypto community has become increasingly concerned with…
Grayscale Bitcoin Trust (GBTC) shares are selling at a record discount of 42.69% to the underlying asset’s value following FTX’s implosion and fears of market contagion. According to Ycharts data, GBTC shares are trading for $8.75 as of press time, which represents a 74% decline on the year-to-date metric and an 84% drop since Bitcoin…
Institutional investors’ interest in Bitcoin has refused to wane despite the continued price volatility of the flagship digital asset which has seen the asset rise to over $68,000 then drop to around $57,000 presently within the space of the last 30 days. An example of one such investor is a leading investment bank in the…
After its previous hostility towards Bitcoin and other crypto assets, Morgan Stanley, a leading investment bank, has increased its exposure to the leading digital assets per its recent filings with the Securities and and Exchange Commission (SEC) on September 27. Morgan Stanley Europe Opportunity Fund purchases more GBTC shares According to the filing, the multinational…
Texas-based investment management firm US Global Investors has bought significant exposure to Bitcoin by investing in Grayscale funds. According to a filing to the US Securities and Exchange Commission (SEC) published on August 30th, the company added over $566,000 worth of Grayscale Bitcoin Trust shares (GBTC) to three out of eight of its mutual funds….