Grayscale Investments’ Bitcoin Trust has been selling at a record discount in recent days, though some industry watchers don’t expect the trust to liquidate. The ongoing crypto market volatility, most...
Tag: Discount
Grayscale’s GBTC discount to NAV hits record low
In the wake of FTX’s meltdown, one of the crypto market’s most popular financial products continues to feel the pressure. Grayscale’s Bitcoin Trust — a product that offers bitc...
Grayscale’s Bitcoin Discount Might Reach 70%, Details
Arman Shirinyan One of biggest trusts in cryptocurrency industry might face enormous selling pressure In the last few days, Grayscale’s Bitcoin Trust became the center of the market’s atte...
GBTC Bitcoin discount nears 50% on FTX woes as investors stock up
The largest Bitcoin (BTC) institutional investment vehicle is coming under suspicion as it trades at a record discount. The Grayscale Bitcoin Trust (GBTC) is the latest Bitcoin industry entity to feel...
XRP Price Might Offer Discount in Short Term as Signal Flashes
Tomiwabold Olajide XRP up 2.58% in last seven days, outperforming top 10 cryptocurrencies in weekly gains An opportunity may soon present itself for XRP dip buyers if the scenario portrayed by the TD ...
Grayscale’s Bitcoin Trust Hits Record-Low 43% Discount After FTX Crisis
Grayscale’s Bitcoin Trust (GBTC) hit a new record low discount to the price of Bitcoin barely a week after setting its last. As of Friday morning, the Bitcoin-tracking investment vehicle is trading at...
‘Grayscale Discount’ Widens to Record 43% as FTX Contagion Spreads
Shares of the Grayscale Bitcoin Trust (GBTC), the world’s largest publicly traded crypto fund, are trading at a new record discount of 43% relative to the price of the underlying bitcoin (BTC). Crypto...
Grayscale’s GBTC Available at Record Low of 43% Discount
20 mins ago | 2 mins read Exchange News The funds are pooled from several institutional investors and used to purchase Bitcoin. In early 2021, GBTC was trading at a premium of around 29% above the pri...
Upcoming Correction In Trust Wallet Token Price Offer A Discount Opportunity
Published 13 hours ago The exponential rally in Trust Wallet Token prices stalled at the $2.5 resistance. However, the daily chart shows several long-wick rejection candles, and reducing volume indica...
Cathie Wood’s Fund Buys GBTC as Discount Reaches 40%
Ark Invest – the technology-focused investment firm founded by Cathie Wood – has aped into Grayscale’s Bitcoin Trust (GBTC) after the world-leading digital asset fund marked another record-low discoun...
World’s Biggest Crypto Fund Hits Record 42% Discount to Value of Bitcoin It Holds
(Bloomberg) — Problems are multiplying for the world’s biggest crypto fund as chaos engulfs the industry in the wake of exchange FTX’s shock bankruptcy filing. Most Read from Bloomberg The $11.4...
World Record NFT Buyer Selling Collection at a Heavy Discount
Cryptocurrencies are not the only thing going cheap at the moment. A big non-fungible token (NFT) investor is offloading his collection at a discount. On Nov. 11, NFT collector Deepak Thapliyal announ...
Bankman-Fried sold FTX equity to employees at 50% discount in spring: Sources
FTX CEO Sam Bankman-Fried sold equity in the firm at a 50% discount to employees in the spring, a person familiar with the matter told The Block. In June, about 20 people were fired off across the or...
Grayscale Bitcoin Trust trading at discount of more than 40% amid market tumult
The Grayscale Bitcoin Trust (GBTC), which has been trading at a discount since the beginning of 2021, hit a record low on Wednesday. GBTC is currently trading at a discount of -40.7%, its lowes...
Meet The Quirky Discount Grocer Making Billions By Solving Inflation
© 2019 Bloomberg Finance LP Grocery Outlet is benefiting from supply chain disruptions, happily selling mountains of overstocked wine, meat, cheese and snacks at bargain-basement prices to American fa...
Technical Analysis Hints An Upcoming Discount In Polygon Price; Buy Again?
Published 5 hours ago The fast-recovering Polygon price shows the parallel channel formation in the daily time frame chart. As a result, the prices actively respond to two ascending trendlines leading...
‘The stETH discount has all but vanished’- How true is this?
Staking rewards for Ether and Ether-backed liquid staking derivatives shot up in recent weeks. This could be attributed to increased network activity, specifically in ways that result in higher fees f...
Blockchain.com May Raise Money at Significant Discount to Previous Valuation: Bloomberg
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the futur...
Intel’s Mobileye Is Set To Spin Off At An Incredible Discount
Summary It’s a terrible time for an IPO, but IntelINTC is still planning to offer one. Mobileye will hit the markets at around the same price Intel paid for it five years ago, despite a revenue ...
Bitcoin’s discount to hash rate highest since early 2020 — Mike McGlone
Bloomberg Intelligence senior commodity strategist Mike McGlone says Bitcoin’s (BTC) relative discount to its high hash rate in October — the largest since the first quarter of 2020 — could soon see B...
Bitcoin Price Discount to Hashrate Greatest Since Q2 2020
Bitcoin’s price may have been consolidating within a very narrow range over the past couple of weeks, but it’s hashrate does no such thing. It’s been on the rise for quite a while and charts new all-t...
Bitcoin Is Trading at Discount and Will Rally to $100k: Bloomberg Strategist
Mike McGlone, a senior commodity strategist at Bloomberg Intelligence, believes Bitcoin is at its most discounted price on a 100-week and 200-week moving average. He also predicted that the crypto ass...
Grayscale’s GBTC Climbs New Record of 36.7% Discount
It has been a dull weekend for Bitcoin struggling to clear the $20,000 resistance zone. Further indicating a potential case of dwindling institutional interest in the flagship cryptocurrency is the Gr...
Grayscale BTC Trust trades at a record 36.7% discount, but is it justified?
U.S. investors have been waiting for a Bitcoin exchange-traded fund (ETF) approval since May 2014 when the Winklevoss Bitcoin Trust filed an amendment request at the Securities and Exchange (SEC). Ov...
Grayscale Lawsuit Moves Forward as GBTC Discount Widens
A judge panel selection and a schedule of oral arguments are set to follow a series of written briefs due in late December The Grayscale Bitcoin Trust (GBTC) was trading at a discount of 36.6% on Thur...
Terra Classic ($LUNC) Price Eyeing A 12% Discount, Buy This Dip?
Published 7 hours ago Earlier today, the Terra Classic coin price showcased a 4% jump in response to the recent burn activity from Binance burned around 3 billion Terra Classic (LUNC) tokens. Though t...
Grayscale Bitcoin Trust tanks to -35% discount — no ETF in sight
Since 2015, the publicly traded Grayscale Bitcoin Trust (GBTC) (OTCQX:GBTC) has traded at an average premium of 20% above the spot price of bitcoin. Historically, this trust provided one of the few in...
In Grayscale We Trust: GBTC Bitcoin Reaches Largest Discount Ever
The Grayscale Bitcoin Trust (GBTC) has made a name for itself in the public markets as not only the first-ever publicly traded trust underlined by a cryptocurrency, but it is also the largest bitcoin ...
Shares in Grayscale’s Bitcoin Trust (GBTC) Trade at 36% Discount to Fund’s NAV
Data tracked by Delphi Digital has disclosed that GBTC shares relative to the underlying cryptocurrency held in the fund have had their discount widened to 36.2% on September 30. Grayscale Investment...
FTX Scoops Up Bankrupt Voyager at Discount Price
FTX will acquire Voyager at a price of $51,000,000 Sam Bankman-Fried, beat out Binance in the bidding war Voyager users who make the journey into FTX will receive a correlative amount After reportedly...
FTX Scoops Up Bankrupt Crypto Broker Voyager at Discount Price of $51,000,000: Report
Crypto exchange giant FTX is reportedly acquiring troubled crypto broker Voyager Digital at a discounted price after placing a bid to acquire the firm earlier this week. According to a new report by C...
Grayscale Bitcoin Trust discount hits all-time low amid crypto market downturn
The Grayscale Bitcoin Trust (GBTC), which has been trading at a discount since the beginning of 2021, hit a record low last week. GBTC’s discount fell to -35.26% — its lowest point ever, accordi...