Alex Dovbnya Bloomberg’s senior commodity strategist Mike McGlone stated that ongoing legal battle between Grayscale Bitcoin Trust (GBTC) and US Securities and Exchange Commission (SEC) could ma...
Tag: GBTC
Grayscale CEO breaks down his firm’s legal strategy against the SEC
Episode 20 of Season 5 of The Scoop was recorded remotely with The Block’s Frank Chaparro and Grayscale CEO Michael Sonnenshein. Listen below, and subscribe to The Scoop on Apple, Spotify,...
GBTC discount narrows, bitcoin trades above $22,000 as Silvergate leads drop in stocks
Markets • March 8, 2023, 11:04AM EST Grayscale’s premier fund traded higher as its discount narrowed following what some perceived as a successful day in court. Crypto prices slipped across the ...
Grayscale Bitcoin Fund Soars as Judges Sound Skeptical of SEC’s Arguments on ETF
Grayscale Investments for years has fruitlessly sought to convert its flagship product—the world’s largest Bitcoin fund at $14 billion—into an exchange-traded fund, most recently suing the Securities ...
GBTC discount narrows following arguments in Grayscale-SEC lawsuit
On Tuesday, shares of Grayscale’s Bitcoin Trust (GBTC) rose as much as 16% following an oral argument hearing in the company’s lawsuit against the SEC. As of Monday, shares of Grayscale...
GBTC Discount Collapses Due to Grayscale’s Unexpected Court Success
Alex Dovbnya The Grayscale Bitcoin Trust (GBTC) discount collapsed in value after oral arguments presented in federal court on Tuesday appeared to side with Grayscale in their legal fight against the ...
Grayscale (GBTC) Up 10% After Scoring Victory Against SEC
Digital asset manager Grayscale is embroiled in a legal fight against the U.S. Securities and Exchange Commission (SEC). The company requested approval to convert its most significant and most popular...
Grayscale’s GBTC Discount Narrows As Judges Grill SEC Moves
Grayscale Bitcoin Trust (GBTC): The attorneys representing the U.S. Securities and Exchange Commission’s (SEC) in the Grayscale lawsuit faced tough questions from the judges. The primary discussion on...
GBTC discount narrows during SEC hearing, yield curve inversion deepens; 60% probability for 50bps hike
Quick Take Result of Powell Speaking The US 10-year minus 02 years has reached -100 bps inversion. The forward growth outlook is a full percentage point lower than the expected policy rate. Levels of ...
Grayscale Appears To Win Opening Salvo in Bitcoin ETF Case vs SEC
DC Circuit Court of Appeals judges grilled the SEC on why the regulator approved bitcoin futures exchange-traded products (ETPs) and not Grayscale Investments’ proposed spot offering Tuesday — a line ...
GBTC Discount Narrows by Over 42% as Grayscale-SEC Face Off Inches Closer
At the center of the Grayscale-SEC drama is Grayscale Bitcoin Trust (GBTC) – the world’s largest Bitcoin fund – which has for two years been trading at a steep discount to the crypto-asset it holds. T...
GBTC bucks trend, surged 4.5% while BTC remains steady ahead of SEC hearing
Quick Take It looks like pre-positioning for the opening oral arguments of Grayscale’s litigation against the SEC for ETF approval which goes live today, March 7, at 9:30 am ET. CryptoSlate will...
Eyes Shift to Judges as Grayscale-SEC Saga Moves Forward
After trading written legal briefs in recent months, Grayscale Investments and the SEC are now set to exchange oral arguments for the first time in a case to determine whether or not the regulator wro...
GBTC Discount Narrows to 42% Ahead of Grayscale’s ETF Hearing Tuesday
Laurent Kssis, a crypto trading adviser at CEC Capital, said that with GBTC trading at such a discount it makes sense to hold some of the shares, however, traders must be brave if bitcoin’s price cont...
GBTC may appeal to US supreme court if rejected by the SEC
Last year, the world’s largest asset manager, Grayscale, applied with the Security Exchange Commission of the United States to convert its flagship fund, GBTC, into a spot bitcoin ETF. July 26 was th...
Grayscale CEO Says $2,000,000,000 Could Return to GBTC Investors’ Pocket Upon Conversion To Spot Bitcoin ETF
Grayscale CEO Michael Sonnenshein says that investors would greatly benefit from the conversion of GBTC into an exchange-traded fund (ETF), something the firm has been fighting for for multiple years....
GBTC approval could return a ‘couple billion dollars’ to investors: Grayscale CEO
Grayscale Investments’ CEO Michael Sonnenshein stated he “can’t imagine” why the United States Securities and Exchange Commission (SEC) “wouldn’t want” to protect Grayscale investors and return ...
Investors in GBTC Are Planning a Major Uprising
Join Our Telegram channel to stay up to date on breaking news coverage A group of activist investors in GBTC, the biggest bitcoin investment trust in the world, are planning a takeover. The trust’s st...
GBTC discount widens to highest point in 2023
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....
Bitcoin slips as memecoins lead loses; GBTC discount to NAV widens
Cryptocurrency prices slipped across the board, even as the sector buzzes about the future of AI and big data tokens. Bitcoin was trading at $22,722 by 9:35 a.m. EST, down 1.5% over the past day...
Grayscale Slapped With Another GBTC Lawsuit – This Time From Osprey
A competitor of Grayscale Investments has sued the cryptoasset manager, claiming Grayscale has misled investors about its services in an effort to steal market share. In a suit filed Monday in C...
Osprey Sues Grayscale: Misrepresenting GBTC ETF Approvals
Grayscale has been trying to convert itself into an Exchange Traded Fund (ETF) for quite some time but is being rejected by the SEC. Recently, digital asset manager Osprey Funds filed a suit against G...
GBTC Lawsuit’s Oral Arguments Scheduled to Begin in March
The court scheduled a date to hear oral arguments in Grayscale’s challenge of SEC’s Bitcoin ETF decision. Grayscale previously anticipated oral arguments to be as soon as Q2 2023. Accordin...
Grayscale, SEC will voice oral arguments over GBTC ETF conversion in March
Grayscale and the U.S. Securities and Exchange Commission will soon have their oral arguments heard in court regarding the conversion of Grayscale Bitcoin Trust into an exchange-traded fund, according...
Ark Invest Offloads 500,000 Grayscale Bitcoin Trust (GBTC) Shares
11 hours ago | 2 mins read Bitcoin News The price of GBTC naturally rose along with Bitcoin’s. ARKW sold off 500,000 GBTC shares just around the time the stock price started going up. Cathie Wood’s Ar...
Cathie Wood’s ARKW Holdings is Bullish on Coinbase But Hawkish on Grayscale’s GBTC
Cathie Wood’s ARKW Next Generation Internet ETF has made a series of purchases on Coinbase Global Inc. shares in the past two months and kept a hold position on Grayscale Bitcoin Trust (GBTC). Accordi...
Ark Invest dumps 500k GBTC shares
The recent crypto market recovery saw bitcoin rise about 40% above the 2022 BTC lows. Subsequently, Grayscale Bitcoin Trust’s price came up as well. According to the YCharts, this recovery has helped ...
Ark dumps 500K GBTC shares, adds Coinbase stock as Bitcoin recovers 40%
Cathie Wood’s Ark Invest offloaded a chunk of its Grayscale Bitcoin Trust (GBTC) shares since November’s Bitcoin (BTC) price lows, the latest data shows. Cathie Wood’s Ark short-term...
Will Genesis Bankruptcy Spell Disaster for Grayscale’s GBTC and DCG?
The cryptocurrency lending platform, Genesis Global Capital, which is owned and operated by Digital Currency Group, has filed for bankruptcy. This raises concerns about the potential impact on other ...
GBTC shares jump 10% in twelve days, narrowing discount to 40%
Quick Take The discount for GBTC is currently a whopping 40%, following a fall as low as 50%, which was the most significant discount on record. GBTC trades at a premium when shares are changing hands...
Osprey Leads Latest GBTC Takeover Attempt
Osprey Funds is the latest digital assets-focused investment manager vying to take over management of Grayscale’s bitcoin trust (GBTC) as public pressure against the troubled vehicle continues to moun...
Grayscale Blasts SEC’s ‘Illogical’ Denial of GBTC Conversion
Grayscale Investments’ lawsuit against the SEC took another step forward Friday as the cryptoasset manager called out the regulator for “illogical” reasoning. The company sued the SEC in June after it...