– Advertisement – The issues surrounding the Grayscale GBTC trust have been underscored by the recent reports of its record discount. Grayscale Investments, a leader in digital currency as...
Tag: GBTC
Grayscale, Under Pressure as GBTC Discount Widens, Says DeFi Fund Now Trading
The trading debut for the new fund, under the symbol “DEFG,” comes as Grayscale’s largest fund, the Grayscale Bitcoin Trust (GBTC), is under distress, with its shares trading a record 47% discount to ...
Bitcoin Flashes 2018 Cycle Bottom Signal Even As Grayscale GBTC Hits Record Discount
– Advertisement – Bitcoin flashes a bottom signal, but traders remain bearish. Glassnode disclosed in a tweet yesterday that Bitcoin holders in the last 365 have seen $213 billion in reali...
Lawsuit Against Grayscale Likely To Drag On, Attorney Says
A lawsuit against Grayscale to explore potential “mismanagement” of its Bitcoin Trust (GBTC) is likely to give more insight into the trust’s inner workings, but could drag on, one attorney predicts.&n...
GBTC ‘elevator to hell’ sees Bitcoin spot price approach 100% premium
Bitcoin (BTC) investment vehicle Grayscale Bitcoin Trust (GBTC) is trading close to 50% below the BTC price on spot markets. Data from on-chain analytics platform Coinglass confirms that on Dec. 8, GB...
Grayscale’s GBTC discount to NAV hits all-time low of 47%
The price of Grayscale Bitcoin Trust (GBTC) versus the bitcoin it actually holds hit an all time low on Wednesday, with the discount ratio reaching 47.3%, according to data from The Block. The G...
Grayscale’s GBTC discount nears 50% causing further concern in community
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 a...
Grayscale Faces Lawsuit as GBTC Plunges to Record Low 43% Discount
New York-based hedge fund Fir Tree Capital Management has filed a lawsuit against digital asset manager Grayscale Investments over “potential mismanagement and conflicts of interest” at the firm’s fla...
Grayscale Investments slammed with a lawsuit as GBTC plunges
Grayscale has been sued by Fir Tree Capital Management, a firm based in New York. According to the filing, the plaintiff cited grounds bordering on mismanagement of funds and conflicts of interest. Th...
Lawsuit puts pressure on Grayscale to open GBTC books
Fir Tree, the hedge fund that previously announced it was shorting tether, has now filed a lawsuit against the Grayscale Bitcoin Trust (GBTC) alleging misconduct and seeking records to help determine ...
Hedge fund suing Grayscale, seeks GBTC information
In order to look into potential mismanagement and conflicts of interest, hedge fund Fir Tree is suing Grayscale for information regarding its flagship Grayscale Bitcoin Trust (GBTC) product. Fir Tree,...
Hedge fund Fir Tree sues Grayscale Investments, thanks to GBTC
As per a recent Bloomberg report, New York-based hedge fund Fir Tree is suing crypto investment firm Grayscale Investments at the Delaware Court of Chancery to obtain information about its flagship Gr...
Bitcoin, ether tick higher as Silvergate stock dips, GBTC discount widens
Cryptocurrencies traded higher, while some crypto-related stocks dipped over contagion fears. Bitcoin rose 1.6% from yesterday, trading at $16,448 at 8:30 a.m. Eastern, according to CoinGecko. ...
Controlling shareholders’ stakes in GBTC are ‘highly illiquid’: Report
According to a tweet by Ryan Selkis, CEO of blockchain research firm Messari, Grayscale Bitcoin Trust’s (GBTC) controlling shareholders Genesis Global and Digital Currency Group cannot simply du...
Genesis FUD Subdues As Grayscale Bitcoin Trust (GBTC) Recovers
Grayscale Bitcoin Trust premium rate recovers from -46% to -40% as Cathie Wood’s Ark Invest buying GBTC shares rebuilds confidence in the crypto market. Meanwhile, Binance allocates over $2 billion in...
Bitcoin price still due $12K dip, says trader as ETF guru backs GBTC
Bitcoin (BTC) stayed undecided on Nov. 24 as one trader reinforced a $12,000 BTC price target. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price “main target” for bott...
Wall Street closed until Black Friday, GBTC discount narrows on Thanksgiving
Crypto prices were relatively unchanged after rising ahead of the Federal Reserve minutes yesterday. Bitcoin was trading at $16,538, according to CoinGecko. Ether was changing hands for $1,195....
Ark Invest Buys $1.4M Shares of Grayscale Bitcoin Trust (GBTC)
10 hours ago | 2 mins read Bitcoin News Ark Invest spent $2.8m buying over 315,000 GBTC shares last week. Coinbase has the Bitcoins that GBTC is backed by. Ark Invest, run by Cathie Wood, has reported...
Grayscale Bitcoin Trust (GBTC) In Snug Apart From Liquidity Problems At Genesis
The GBTC managing company is in news with its sister company, Genesis amid FTX collapse. Grayscale says no to proof-of-reserves and shares trades at huge discounts to BTC. What Does the Report Say? ...
Cathie Wood and ARK Invest Long Bitcoin for First Time Since July 2021 With Big GBTC Purchase: Report
Cathie Wood’s investment management firm ARK Invest is buying up more shares of the Grayscale Bitcoin Trust (GBTC) for the first time in over a year. According to public data from ARK, the firm purcha...
Cathie Wood’s ARK Invest adds more Bitcoin exposure as GBTC, Coinbase stock hit new lows
Bitcoin (BTC) firms’ shares are a major “buy” for asset manager ARK Invest in the midst of the FTX meltdown. The latest data confirms that ARK continues to up its holdings of both exchange Coinbase (C...
Coinbase, Silvergate rise in pre-market trading, GBTC lifts off fresh lows
Most major cryptocurrencies were lower on Tuesday morning, but some altcoins bucked the downward trend. Bitcoin was down 0.9% over the past 24 hours, trading at $16,003. Meanwhile, ether droppe...
Bitcoin tumbles to fresh lows as Genesis denies imminent bankruptcy
Bitcoin briefly tumbled to its lowest level in two years on Monday after Bloomberg News reported that Genesis, the digital-asset brokerage and lender, has told investors it could be forced to file for...
The Grayscale Dilemma: A Record Discount and a Golden Goose
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...
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...
SEC’s Fault In Grayscale (GBTC) Bitcoin Proof Of Reserves Issue?
Grayscale Proof Of Reserves: Grayscale Investments, the world’s largest crypto asset manager, is facing backlash from the crypto community for not revealing its proof of reserves. Meanwhile, industry ...
GBTC next BTC price black swan? — 5 things to know in Bitcoin this week
Bitcoin (BTC) starts a new week still replaying November 2020 after its lowest weekly close in two years. The largest cryptocurrency, just like the rest of the crypto industry, remains highly suscepti...
FTX collapse leads to contagion, equities hit hardest
Crypto markets and equities tied to the industry felt the pressure last week as the situation around crypto exchange FTX continued to unravel. Bitcoin was changing hands at around $16,550 at 2:1...
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...
Will The Huge Dump Of GBTC Impact Bitcoin Price? This Is How BTC Is Going To React Next
The last two weeks have been a nightmare for the entire crypto space as crypto investors were forced to liquidate their massive holdings in FUD after Sam Bankman-Fried’s FTX collapsed. The FTX meltdow...
GBTC Manager Insists the ‘Holdings of Grayscale’s Digital Asset Products Are Safe and Secure’ – Bitcoin News
On Nov. 18, 2022, at 5:47 p.m. (ET), Grayscale Investments’ official Twitter account shared information on the safety and security associated with Grayscale’s digital asset products. The update from G...
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...