Grayscale Bitcoin Trust

Jamie Dimon, the CEO of JPMorgan Chase & Co (NYSE:JPM), is known for his no-holds-barred attacks on Bitcoin (CRYPTO: BTC), despite the banking giant's investments in exchange-traded funds tied to the leading cryptocurrency.  What happened: Speaking at an investor conference almost exactly...

The Grayscale Bitcoin Trust (NYSE:GBTC) is experiencing an 11% drop today after Grayscale Investments announced the fund’s spinoff into a new exchange-traded fund (ETF). What Happened: On July 19, Grayscale revealed its intention to spin off a portion of its GBTC into a new ETF. The record...

The rise of Bitcoin exchange-traded funds (ETFs) has transformed how investors approach the cryptocurrency market. Among the leading Bitcoin ETFs, the Grayscale Bitcoin Trust (GBTC) and the iShares Bitcoin Trust (IBIT) stand out, offering distinct advantages and attracting different investor...

Like the first crypto-carrying moon lander, the first week of Bitcoin (CRYPTO: BTC) exchange-traded funds proved to be a bust. Two funds, BlackRock Inc. (NYSE: BLK) and ProShares, surpassed the $1 billion mark in assets under management, but the much-anticipated Bitcoin price surge remained...

Bitcoin (CRYPTO: BTC) may potentially witness a drop to the $38,000 level, as per the prediction by 10x Research. The cryptocurrency is currently experiencing a pullback after the official launch of spot ETFs in the United States. What Happened: Bitcoin’s value has plummeted by over 5%,...

SkyBridge Capital’s founder and Donald Trump-Era White House Communications Director,  Anthony Scaramucci, pointed to a sell-off in Grayscale Bitcoin Trust (NYSE:GBTC) shares as a contributing factor to the Bitcoin’s (CRYPTO: BTC) price decline. What Happened:  During an...

The debut of spot Bitcoin (CRYPTO: BTC) exchange-traded Funds (ETFs) in the U.S. marked a historic day in the cryptocurrency market, with the first day bringing $4.5 billion in trading volumes. This figure includes significant contributions from the Grayscale Bitcoin Trust (OTC...

Several crypto-related stocks are moving after the bell Wednesday following accelerated spot Bitcoin (CRYPTO: BTC) ETF approval from the U.S. Securities and Exchange Commission. What To Know: The SEC delayed its decision on several ETF submissions multiple times and repeatedly asked for changes to...

In a landmark decision, the Securities and Exchange Commission has approved the applications for spot Bitcoin (CRYPTO: BTC) exchange-traded funds. The decision is expected to revolutionize the cryptocurrency and traditional finance sectors. The SEC approved applications of the Grayscale...

U.S. stock indices were mixed at the end of Tuesday with the Dow Jones falling nearly 160 points to 37,525.16, a decline of 0.42%. The S&P 500 followed dropping 0.15% to 4,756.50. The Nasdaq gained 0.09% to 14,857.71. These are the top stocks that gained the attention of retail traders and...

Even as the crypto market awaits a decision on spot Bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC), Bitwise Asset Management Chief Investment Officer Matt Hougan emphasized its monumental yet underappreciated impact, asserting the market had not fully grasped...

This piece was originally published on December 22nd, 2023. There’s an old saying on Wall Street, “buy the rumor, sell the news”. There’s often some truth to it. Professional investors tend to be forward-looking and buy stock ahead of an event. Once the event takes place,...

On Monday, Cathie Wood-led Ark Invest made significant trades, notably buying shares of Block Inc (NYSE:SQ) and selling Grayscale Bitcoin Trust (OTC:GBTC) units. This move comes amid recent appreciation in Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) prices. The rise in cryptocurrency prices...

Galaxy Digital, a cryptocurrency group led by U.S. billionaire Mike Novogratz, is actively seeking to acquire more assets from bankrupt digital asset companies. This strategy follows their successful deal involving the sale of coins held by the failed crypto exchange FTX (CRYPTO: FTT), which...

On Monday, Cathie Wood-led Ark Invest made a significant move by selling over $12.8 million worth of Grayscale Bitcoin Trust (OTC:GBTC) shares, amidst fluctuating cryptocurrency prices. This decision comes at a time when the crypto market, including Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH...