Crypto investment firm Grayscale filed a response to the US Security and Exchange Commission’s (SEC) opposition to converting its Bitcoin Trust (GBTC) into a spot BTC ETF on Jan. 13. The Bitcoin inves...
Tag: GBTC
Bitcoin inches higher, GBTC discount narrows as share price perks up
Crypto prices remain in the green while related stocks were mixed in pre-market trading. GBTC’s continuing its positive start to the year. Bitcoin was trading at $17,400 at 8:45 a.m. EST, ...
Grayscale Bitcoin Trust (GBTC) Jumps 12% Despite Ongoing Struggles
12 hours ago | 2 mins read Bitcoin News The trust’s discount relative to the NAV of its Bitcoin assets shrank to 38.55 percent. According to treasury filings, it has 643,572 Bitcoin, worth around $11....
Bitcoin price holds $17K into Fed Powell speech as GBTC jumps to multi-month highs
Bitcoin (BTC) stayed above $17,000 on Jan. 10 as risk assets awaited fresh cues on policy from the United States Federal Reserve. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Powell to ...
GBTC shares jump 12%, narrowing discount to 38%
Grayscale’s Bitcoin Trust (GBTC) shares rose 12% on Jan. 9 to $9.65 and narrowed the discount to its net asset value to 38.55% — its largest one-day increase since February 2022, according to YC...
Grayscale Bitcoin: GBTC discount to NAV narrows to -38.55%
Shares of the Grayscale Bitcoin Trust (OTCMKTS: GBTC) rose on Tuesday as an uptick across the crypto market pushed prices of Bitcoin (BTC/USD) and other cryptocurrencies higher. What’s the discount to...
Fir Tree Sued Grayscale. Now, GBTC’s Overseer Is Retaliating
Grayscale Investments is ready to fight back. Fight back, that is, against accusations rendered by TradFi hedge fund firm Fir Tree Partners, which has repeatedly — in public declarations and its ongoi...
Grayscale Ethereum Trust Discount Sinks to 60%, GBTC Down to 45%
The Grayscale Ethereum Trust (ETHE) has fallen to a record discount of -60% as fears over liquidations mount. The discount to net asset value (NAV) had been between -25% and -35% up until early Novemb...
Valkyrie wants to take over GBTC: Plans Revealed
Valkyrie Investments revealed plans for GBTC management. Citing previous experience in management of similar assets. GBTC has been offering massive discounts on NAV throughout 2022. 2022 has not b...
Valkyrie Unveils Proposal for Grayscale’s Troubled Bitcoin Trust (GBTC)
(Bloomberg) — Valkyrie Investments is out with a proposal for a much larger rival product: to become the new sponsor and manager of the crypto industry’s largest fund, the Grayscale Bitcoin trus...
Valkyrie Reveals Intention to Sponsor Grayscale’s Bitcoin Trust as GBTC Discount to NAV Widens – Bitcoin News
Valkyrie Investments, a Tennessee-based asset manager, has announced its intention to become the new sponsor of Grayscale’s Bitcoin Trust (GBTC). The company states that it is “uniquely qualified” for...
Valkyrie wants to ‘manage and sponsor’ Grayscale’s GBTC
Valkyrie Investments said it has a proposal for Digital Currency Group’s struggling Grayscale Bitcoin Trust and that it’s ready to become a “sponsor and manager” of the fund. “...
Investors are Concerning Towards GBTC Product, Does it need any ‘Investigation?’
The concerns of crypto investors seem to be growing around Grayscale’s GBTC product. Because these products are trading at a substantial discount to its net underlying asset value. It must be noted th...
Coinbase plunges 86% in 2022, amid FTX-inspired slump. But one analyst says ‘you have to have a multiyear time frame.’
Hello there and seasons greetings! This is Mark DeCambre, Editor in Chief at MarketWatch. The hottest story in crypto land remains FTX, even as we hurtle toward 2023. It is a fast-evolving situation. ...
Find Here The GBTC Discount or Premium to NAV
On Dec. 19, 2022 the exposure price of GBTC witnessed a yet unseen low. Almost 50% discount to NAV has been the new record in past two-days. GBTC Discount The data sourced from Ycharts states that th...
Fir Tree: Grayscale Potential Tender Offer Is ‘Lip Service’
Just two days after Grayscale Investments floated the option of a tender offer for shareholders of its flagship bitcoin trust (GBTC), Fir Tree Partners on Wednesday demanded additional information abo...
Grayscale considers GBTC buyback if it loses SEC lawsuit
Grayscale Investments has informed investors of a contingency plan to deliver some capital to GBTC shareholders ⏤ even if it loses its appeal of the SEC’s decision to block GBTC from converting into a...
Bitcoin, crypto prices higher, Grayscale’s GBTC discount to NAV narrows
Crypto prices rose marginally and most crypto-related stocks were lower shortly after the open. Bitcoin was trading at around $16,800 at 9 a.m. EST, up 0.6% over the past 24 hours, according to...
Grayscale CEO highlights 20% GBTC share buyback option if ETF conversion fails
According to an end-of-year letter to investors published on Dec. 10, Grayscale Investments CEO Michael Sonnenshein said that the firm might consider “a tender offer for a portion of the outstanding s...
Grayscale may offer to buyback GBTC if ETF conversion fails – WSJ
Grayscale Investment CEO Michael Sonnenshein has informed GBTC shareholders that the firm could offer to buy back up to 20% of the outstanding shares worth approximately $10.7 billion, The Wall Stree ...
GBTC Discount Rate Nears 50%, Crypto Investors Worry About Another Sell-Off
SEC strikes Back in Grayscale suit over GBTC ETF. Market experts are worried that the GBTC discount may cause a sell-off. After the FTX collapse, DCG lost $175 million. Cryptocurrency trust Grayscale ...
Crypto stocks plunge to record lows, GBTC at 50% discount despite Bitcoin uptick
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...
SEC Strikes Back in Grayscale Suit Over GBTC ETF Conversion
The U.S. Securities and Exchange Commission (SEC) filed a brief last week defending itself against claims its denial of Grayscale Investment’s application to convert its flagship Grayscale Bitcoin Tru...
Why The GBTC Discount Could Lead To A Bitcoin Sell-Off
Grayscale Bitcoin Trust (GBTC) remains the largest bitcoin trust in the world with billions of dollars worth of BTC, but in the last year, the trust has had a hard time keeping up with the market. The...
GBTC Discount Nears 50%, Investors and Analysts Fear Selloff
The Grayscale Bitcoin Trust (GBTC) is selling at a 48.62% discount, worrying investors and analysts. They believe a sell-off could be imminent as DCG also faces financial issues. The crypto community ...
Bitcoin up over the week, while Coinbase and Silvergate plummet, GBTC discount widens
Bitcoin and ether are trading higher ahead of U.S. inflation data and the Fed’s latest interest rate decision. Crypto stocks sank throughout the week. Bitcoin was changing hands at about $...
6 value stock picks for 2023 from successful money managers
Following a down year for the stock market, there is no shortage of recession predictions for 2023, especially as the Federal Reserve has signaled it will continue to raise interest rates to fight inf...