Given Grayscale Investments’ suit against the SEC — alleging the watchdog erred in denying its bid to convert its bitcoin trust to an ETF — is months from a resolution, industry participants told Bloc...
Tag: GBTC
Bitcoin price dips to $16.4K over Genesis woes as execs defend GBTC
Bitcoin (BTC) fell to intraday lows after the Nov. 16 Wall Street open as the FTX scandal appeared to claim another victim. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Genesis Trading ...
Bitcoin, ether decline, stocks sink and Ark is warm on GBTC
Crypto markets slid on Wednesday as altcoins surrendered gains made at the top of the week. Bitcoin was down 2.6% at $16,479 over the past day, while ether lost 4.5% to trade at $1,207, accordi...
FTX Contagion Reaches Genesis And Grayscale, Are GBTC, ETHE Next FTT?
Crypto brokerage firm Genesis Trading facing potential solvency issues. A call with creditors is scheduled at 8 AM EST in which Genesis may explain the current situation, FTX exposure, and relations w...
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...
Realized Bitcoin losses spike as Grayscale GBTC trades at less than $10k BTC equivalent
Bitcoin investors have locked in the fourth-largest spike in realized losses in 2022 during the current market downturn. Over $1 billion dollars has been locked in since Nov. 9 as investors panic sell...
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 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...
CEO Hopes Grayscale Bitcoin Trust (GBTC) Doesn’t Suffer from the Tussle Between CFTC and SEC
– Advertisement – Grayscale CEO hopes the GBTC fund doesn’t get caught in the crossfire in the battle between the SEC and CFTC. The U.S. Securities and Exchange Commission (SEC) and the ...
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 ...
Grayscale’s GBTC drops to all-time low of $12.5K; conversion to spot ETF could trigger rebound
Grayscale’s bitcoin trust (GBTC) which started trading at a discount in Feb. 2021 has reached an all-time low of -36% when compared to the spot BTC price of $19,000. Grayscale launched the first bitco...
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...
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...
GBTC Reaches All-Time Low Discount of -35%
Shares of the Grayscale Bitcoin Trust (GBTC) have never been cheaper relative to the value of the company’s underlying Bitcoin holdings. The GBTC discount has gone below 35% again for the first time s...
Grayscale’s GBTC Discount to NAV Breaks Records as Spread Widens by More Than 35% – Bitcoin News
Grayscale Investment’s Bitcoin Trust (GBTC) has dropped to a new low this week as the bitcoin fund tapped a record 35.18% low against bitcoin spot prices. GBTC’s discount to spot has been underwater f...
Grayscale Bitcoin Trust (GBTC) Hits New All-Time Low
5 hours ago | 2 mins read Bitcoin News Grayscale’s website states that GBTC has $11.9 billion in assets under management. GBTC has always traded at a significant premium over spot Bitcoin pricing. Sha...
Forget Bitcoin. Interest in Ether Is Booming Ahead of ‘The Merge.’
Investors have flocked into Ether trades as a critical upgrade to one of crypto’s most crucial networks looms large this month, setting the stage for volatility in the days and weeks to come. Set to b...
Are Terra, GBTC Trades The Reason For Fund Blowout?
Kyle Davies and Su Zhu, the fund’s creators, recently acknowledged they incurred losses of over $200 million in connection with LUNA. Zhu believes that what they didn’t understand was that...
Three Arrows Capital Founders Say Terra, GBTC Trades Led to Fund Blowup: Report
3AC continued to borrow from lenders expecting a market rebound. This was until bitcoin (BTC) fell to nearly $20,000 in late June, causing the firm’s positions to go awry and making it unable to repay...
BlockFi severs ties with GBTC, its most profitable asset ever
BlockFi has stopped accepting shares of Grayscale Bitcoin Trust (GBTC) as collateral for loans, concluding its relationship with one of the most profitable arbitrages in modern history. GBTC only owns...
BlockFi Winds Down Loans Backed by GBTC Stock, CEO Says
BlockFi “directly holds zero GBTC,” CEO Zac Prince said The lender suffered an $80 million loss from exposure to Three Arrows Capital Cryptocurrency lender BlockFi currently has no positions in the Gr...
BlockFi Claims To Windup All Its GBTC Position! GBTC Drops By 5%
Since Terra (LUNC) crashed in May 2022, the crypto lenders have been striving to cope with the losses and manage the liquidity issues. Yesterday, July 12, BlockFi, a crypto lender, claimed that Graysc...
BlockFi Stops Accepting GBTC as Collateral
BlockFi, a major crypto lending firm based in New Jersey, has reversed its earlier decision, and now stop accepting shares in the Grayscale Bitcoin Trust (GBTC) as collateral for loans. Early Tuesday,...
BlockFi Will No Longer Accept Grayscale GBTC Shares As Collateral, Unwinds All Positions
Crypto lenders in the market have been severely struggling to handle liquidity challenges. On Tuesday, July 12, crypto lender BlockFi announced that it will no longer be accepting Grayscale’s GBTC sha...
BlockFi will not accept GBTC as collateral anymore: report
Crypto lending firm BlockFi has reportedly decided to stop accepting the Grayscale Bitcoin Investment Trust (GBTC) as collateral. Sources privy to the development told crypto publication The Block tha...
ProShares’ Bitcoin ETF Surpasses Grayscale’s GBTC in Trading Volume; What About Its Inverse?
Alex Dovbnya Grayscale has sued SEC after regulator did not approve its bid to launch first Bitcoin ETF The ProShares Bitcoin Strategy exchange-traded fund has topped Grayscale Bitcoin Trust in terms ...
Crypto Took Wall Street on a Wild Ride. Now It’s Ending in Tears.
Cory Klippsten is a big fan of Bitcoin. But his affinity for cryptocurrencies ends there. Klippsten, head of a company called Swan Bitcoin, sees a growing minefield of scams, fraud, and risky products...
Grayscale Bitcoin Trust’s Discount Is Tempting. Why It’s Not a Slam Dunk.
There is a way to buy Bitcoin for nearly a third less than the market price, but investors do so at their peril. That is the broad lesson to draw from the travails of the Grayscale Bitcoin Trust (tick...
Grayscale files suit against SEC following rejection of GBTC conversion bid
Crypto asset management firm Grayscale Investments has filed a lawsuit against the Securities and Exchange Commission, the United States regulator. The company announced on June 29 that it would chall...
Grayscale preps for ‘all possible ruling scenarios’ on GBTC conversion
Issuer Grayscale is preparing for a decision on the conversion of its Grayscale Bitcoin Trust (GBTC) to an exchange-traded fund (ETF) next week, and CEO Michael Sonnenshein says the firm is “un...
Grayscale Bitcoin Trust’s ‘GBTC Discount’ Narrows With ETF Decision on Horizon
Grayscale (whose parent company Digital Currency Group also owns CoinDesk) has applied to convert the GBTC into an exchange-traded fund, or ETF. And for months, some traders have been monitoring the d...