Institutional investors are returning to accumulate Grayscale Bitcoin Trust (GBTC) shares as the discount to spot price his risen to nearly 30%, data on Glassnode shows. Since December 2021, some week...
Tag: GBTC
Everything You Need To Know About GBTC Premium: GBTC & GBTC Premium To NAV Chart
Before understanding GBTC premium, it is important to have a brief overview of Grayscale Bitcoin Trust. GBTC: An Overview Since cryptocurrencies have become quite mainstream, investors are curious wh...
Grayscale Investors Urge SEC To Allow GBTC Transition To Bitcoin Spot ETF
Grayscale – the world’s largest Bitcoin fund – has long had its attempts to become a spot-based Bitcoin ETF denied by the Securities and Exchange Commission (SEC). Investors are now speaking out again...
US SEC Postpones Approval of Grayscale’s GBTC to Spot BTC ETF Product
The United States Securities and Exchange Commission (SEC) has once again postponed the approval of the proposal from Grayscale Investments to convert its flagship Bitcoin Trust (GBTC) into a spot Non...
Tax season: does the IRS know if you trade crypto? Is your NFT sale or mining income taxable?
Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m Frances Yue, crypto reporter at MarketWatch. It is tax season in the U.S., and I’ll ...
SEC Has Pushed Back On Grayscale’s Highly Anticipated Bitcoin Trust (GBTC)
The US Securities and Exchange Commission (SEC) has continued to stall the approval of a Bitcoin spot exchange-traded fund (ETF). The SEC stated that it was delaying a decision on whether the biggest ...
Grayscale Bitcoin Trust (GBTC) Premium Plummets 30% to All-time Low Amid Market Sell-off
As the crypto market continues to bleed over the past days, the Grayscale Bitcoin Trust (GBTC) shares have widened their discount in relation to the underlying crypto held in the fund. GBTC Premium at...
Crypto Trader Tantra to Liquidate After ‘GBTC Discount’ Widens to Record
“Ultimately, after significant discussion and consideration in consultation with outside counsel and other professional advisors, the executive board determined that, in view of all the circumst...
GBTC sinks more than 18% since the start of 2022
GBTC hasn’t kicked off the year to a great start as the trust has lost 17% of its value since Jan 1, 2022 Currently, the price of GBTC is 26.5% lower than the value of Bitcoin it holds GBTC sells more...
GBTC Share Price Tanks As the Bitcoin Fund Trades At Record Discount
The world’s largest Bitcoin fund – the Grayscale Bitcoin Trust (GBTC) – has suffered a major hammer blow amid the crypto market rout. The Grayscale Bitcoin Trust (GBTC) has been trading at a steep dis...