Bitcoin’s price just doesn’t want to stop climbing. The leading digital currency shot past $73,000 recently, hitting another new all-time high price. But as Bitcoin keeps setting records, some of the investors who’ve been holding it for years are deciding to cash out at these lofty levels. Blockchain data analysts at Glassnode found that around […]
Grayscale Bitcoin Trust
Bitcoin Investors From 2021 Bull Run Inch Closer To Break-Even
According to CryptoQuant Founder and crypto analyst Ki Young Ju, at last, Bitcoin holders who have bought during the 2021 bull market, are at their break-even points. Referring to the fact that BTC is once again above $48,000 in a recent X post, Young Ju noted that these investors are now closer to being back […]
Grayscale Engages SEC In Key Talks: Fuels Hope For Spot Bitcoin ETFs
Grayscale Bitcoin Trust (GBTC) reportedly held a meeting with the Securities and Exchange Commission’s (SEC) Division of Trading and Markets. The division is responsible for evaluating and deciding on Rule 19b-4 applications, crucial for the listing and trading such ETFs. Bloomberg analyst James Seyffart shared insights on the meeting via a Twitter thread, revealing that […]
Grayscale Bitcoin Trust (GBTC) Soars Gains 137% Amid Discount Contraction
In a remarkable turn of events, Grayscale’s Bitcoin Trust (GBTC) has become the talk of the cryptocurrency town as traders who seized the opportunity during its darkest days are now reaping substantial profits. The discount between GBTC’s share price and underlying Bitcoin holdings has steadily shrunk, catapulting the trust’s shares to new heights. On Thursday’s […]
Grayscale CEO Believes SEC Leashing Crypto Hampers Its Growth
Undoubtedly, US regulators have taken steps to safeguard bitcoin investors. But lately, a lot of red flags have been raised by neighborhood residents. There were rumors that something “huge” would be announced when the Department of Justice first said it would “announce a major, international cryptocurrency enforcement action.” That wasn’t the case, though. Community members […]
Here’s Why Grayscale is Being Sued For Allegedly Mismanaging Its GBTC
Grayscale Investments is the target of a lawsuit brought by hedge fund Fir Tree. To look into “possible mismanagement and conflicts of interest” at its $10.7 billion Bitcoin fund, it is requesting information. The information sought might be used to compel the firm to alter how its flagship Bitcoin Trust—GBTC—is managed. According to a recent […]
3 reasons why Bitcoin [BTC] can rebound despite dull market conditions
Bitcoin [BTC] underwent a swift recovery, after topping out a little below $40k. The ongoing downside price action has left the investors concerned. The latest side-way movement of price had taken shape since the dramatic fall in May and has extended to the new quarter as well. The drop was so damaging that it ended […]
Grayscale Total Assets Under Management Reaches $50 Billion
Investment giant, Grayscale has reached a new milestone of $50.6 billion in cryptocurrency assets under management [AUM] on the 14th of April. The AUM figure has been quite impressive, increasing by an incredible 2,400% from a mere $2 billion at the beginning of 2020. The Grayscale Bitcoin Trust [GBTC] continued to dominate the charts and […]
Miller Value Fund Files With SEC To Buy Bitcoin Via GBTC Trust Fund
Bitcoin’s adoption is rising and several new institutions are jumping the bandwagon to reap profits out of the world’s flagship cryptocurrency. BTC Trusts have become wildly popular as it paved the way to ride the growth of the crypto markets by gaining indirect exposure to the crypto-asset. In the latest development, the asset management fund, […]
Bitcoin’s Red-hot Rally Comes To Halt; What’s Next?
Cryptocurrency proponents anticipated Bitcoin to reclaim its fort above $40,000. However, the crypto-asset has been facing quite a stiff resistance at this level. Despite many in the community, counting for the token to bounce back, it has now entered a consolidation phase preceding a few major dips. So what is holding back the uptrend? Bitcoin […]