Arman Shirinyan Whole fund could act as indicator of upcoming bounce; here’s how Contents Grayscale’s discount Ultimate bounce indicator Before the appearance of Bitcoin futures exchange-t...
Tag: GBTC
Crypto Hedge Fund Three Arrows Capital Pitched a GBTC Arbitrage Trade Before Rumored Collapse – Bitcoin News
Last week there was a lot of focus on the crypto hedge fund Three Arrows Capital (3AC) as the firm allegedly had a great deal of leveraged positions liquidated and there’s been speculation about insol...
Grayscale Bitcoin Trust (GBTC) Trades At 34% Discount, Should You Buy?
Bitcoin prices have plummeted this year, pulling down the valuations of several equity instruments that track the token. But the Grayscale Bitcoin Trust (GBTC)- an equity instrument that tracks Bitcoi...
Three Arrows Capital team sought funds for GBTC trade before meltdown
Just a few days before hedge fund Three Arrows Capital was liquidated across several crypto exchanges, its affiliated over-the-counter trading firm pitched investors on a new opportunity. According t...
GBTC Premium Down 34%, Largest Discount Ever on Spot Market
Although Grayscale remains upbeat about the future, GBTC’s performance has been the subject of criticism by market experts, channeling the blame at regulators for what they see as an inaccurate risk a...
GBTC Discount Hits All-Time Low as SEC Bitcoin ETF Decision Looms
Shares of the Grayscale Bitcoin Trust (GBTC) have continued to slide, trading at a discount of 33.75% to the spot price of Bitcoin—a new all-time low since its inception in 2017. GBTC is a financial v...
GBTC premium hits -34% all-time low as crypto funds ‘puke out’ tokens
The largest Bitcoin investment vehicle, the Grayscale Bitcoin Trust (GBTC), is now trading at its biggest ever discount to the spot market. Data from on-chain analytics resource Coinglass shows GBTC s...
Bitcoin crash: These three metrics show how bad the carnage is, and what to expect next
Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’ll walk you through what’s going on in the current bear market. As usual, find me on T...
Crypto crash: What contagious risks could Celsius, Three Arrows pose? Here’s what to watch
The latest crisis started Sunday with Celsius, one of the biggest crypto lending platforms, pausing all withdrawals, swaps and transfers between accounts. The company reportedly has hired restructurin...
Ethereum close to its major upgrade, but why has it fallen more than bitcoin?
This article has been updated to correct the identification of Citadel Securities. Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m w...
Ethereum could ‘take over everything’, and there won’t be a multi-chain future, says EY’s blockchain leader
Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m Frances Yue, crypto reporter at MarketWatch, and I’ll walk you through the latest an...
Grayscale Announced European ETF Launch; Also Urges SEC to Approve GBTC Conversion Into Spot Bitcoin ETF
On Monday, the world’s largest digital asset manager, Grayscale Investments, announced the launch of Grayscale Future of Finance UCITS ETF (ticker: GFOF), its first European exchange exchange-traded f...
GBTC Discount Extends to 27%
Shares of the Grayscale Bitcoin Trust are trading significantly below BTC spot prices as the asset circles around $30K. Since the beginning of the year, GBTC is down some 45%. Grayscale is the world’s...
Grayscale Launches European ETF While Urging SEC to Approve GBTC Conversion Into Spot Bitcoin ETF – Finance Bitcoin News
Grayscale Investments has announced the launch of an exchange-traded fund (ETF) in Europe. The company’s Future of Finance UCITS ETF will list on the London Stock Exchange (LSE), Borsa Italiana, and D...
GBTC trades at a discount as BTC continues to plunge
Bitcoin (BTC) dropping to $24,000 has cost its biggest institutional venture vehicle more than the normal hodler The Grayscale Bitcoin Trust (GBTC) is presently exchanging at an almost 31% discount Gr...
GBTC Shares Now Trading at Steepest Discount Ever
Alex Dovbnya Shares of Grayscale Bitcoin Trust are trading at a record-breaking discount Shares of Grayscale Bitcoin Trust (GBTC), the crown jewel of the Connecticut-based cryptocurrency money manager...
Canadian Bitcoin ETF adds 6.9K BTC in one day as GBTC discount hits record low
Bitcoin (BTC) descending to $24,000 has cost its largest institutional investment vehicle more than the average hodler. According to data from on-chain monitoring resource Coinglass on May 13, the Gra...
GBTC Discount Hits All-Time Low as SEC Mulls Bitcoin ETF
Shares of the Grayscale Bitcoin Trust (GBTC) hit record lows against its net asset value (NAV), trading at a 30.79% discount, data from YCharts shows. GBTC is a private-placement trust that trades lik...
3 Funds for Bitcoin Exposure in Your Portfolio (GBTC, BITW, OBTC)
For investors, Bitcoin (BTC) may be the most surprising asset class in recent times. Even as it displays schizophrenic and volatile price swings, the cryptocurrency has also emerged as the best-perfor...
Grayscale Met With The SEC, Tried To Convince Them To Turn The GBTC Into An ETF
Will GBTC get to become the first US-based spot bitcoin ETF? It doesn’t look that way. The euphoria from six months ago turned into Grayscale hinting that it might sue the SEC if its request is denied...
Where To Buy Bitcoin At 26% Off Regular Price
Here’s a scorecard on eight ways to own crypto. The most intriguing: a low-cost coin trust available at a nice discount. Are you interested in virtual currency, now trading at half the price it had la...
Robinhood to Offer Grayscale’s GBTC and ETHE Products – crypto.news
For a number of years, the trading app Robinhood only supported a small number of cryptocurrencies. In the past month, it has increased this number to 11, and it is currently offering two equity asset...
Grayscale’s GBTC and ETHE products now available on Robinhood
Digital asset manager Grayscale has made its flagship Bitcoin (BTC) and Ether (ETH) products available on Robinhood, the popular trading app open to millions of retail users. Beginning on Friday, Rob...
GBTC premium nears 2022 high as SEC faces call to approve Bitcoin ETF
Things are looking up for the United States’ largest institutional Bitcoin (BTC) product by asset holdings. Data from on-chain monitoring resource Coinglass confirms that as of April 21, the Grayscale...
Cardano leads rises as largest cryptocurrencies start mixed
The largest cryptocurrencies were mixed during morning trading on Monday, with Cardano ADAUSD seeing the biggest move, rising 2.96% to $1.21. Polkadot DOTUSD led the decreases with a 2.79% drop to $22...
Ethereum’s major upgrade is coming. Should you be more bullish on it than bitcoin?
Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m Frances Yue, crypto reporter at MarketWatch, and I’ll walk you through the latest an...
Largest cryptocurrencies mixed as Cardano rises
The largest cryptocurrencies were mixed during morning trading on Thursday, with Cardano ADAUSD, -0.12% seeing the biggest move, rallying 2.82% to 85 cents. Polkadot DOTUSD, +0.62% led the decreases w...
Should You Buy the Grayscale Bitcoin Trust Fund? It’s on Sale—and That Could Be a Trap.
In closed-end funds, anything trading around 70 cents on the dollar might seem too good to pass up. Investors can get that kind of bargain now in the Grayscale Bitcoin Trust . But this may be a case w...