Tags : Trust

Bitcoin

Grayscale Bitcoin Trust to Convert to an ETF, Premium Remains

Earlier this Monday, Grayscale Investments announced its plans to transform Grayscale Bitcoin Trust (GBTC) into an exchange-traded fund. Up until recently, GBTC was one of the only investment funds for institutions and retail investors alike. Amidst growing competition, however, the fund’s high management fees and stringent lock-up periods lost favor with many investors. Since February, […]Read More

Bitcoin

GrayScale Bitcoin Trust (GBTC) Premium Sinks To All-Time Lows

Since trading at a negative for nearly 2 months, GrayScale Bitcoin Trust (GBTC) premium plummeted to -14.21% this morning. Historically, GBTC has traded at a high premium relative to the underlying Bitcoin, commanding an average of 15.02% premium since the fund’s inception. But as competition grows and firms create cheaper, more accurate financial products, GBTC’s […]Read More

Bitcoin

First Trust Advisors and SkyBridge Capital apply for Bitcoin ETF

Investment advisory firm First Trust Advisors and hedge fund SkyBridge Capital, led by former White House communications director Anthony Scaramucci, have filed an application for a Bitcoin exchange-traded fund (ETF) with the Securities and Exchange Commission (SEC). Per the filing, the fund is dubbed “First Trust SkyBridge Bitcoin ETF Trust.” First Trust Advisors is expected […]Read More

Bitcoin

Why is Grayscale’s Bitcoin Trust (GBTC) trading at a discount?

The Grayscale product is one of the only Bitcoin-focused financial instruments for institutional and accredited investors. It’s now trading at a discount, however. What’s with Grayscale? The Grayscale Bitcoin Trust (GBTC) is trading at a relatively steep discount compared to its otherwise high premiums, data from multiple sources shows. The product allows institutional and accredited […]Read More

Litecoin

Grayscale adds 174k LTC to its Litecoin Trust

New York-based cryptocurrency asset managers Grayscale bought over 174,000 Litecoin over the past month. This is the equivalent of 80% of all mined LTC in February. In the past month @Grayscale Trust has purchased over 174,000 Litecoin. This is approx 80% of all Litecoin mined last month… pic.twitter.com/5RmDARZ3dy — litecoin (@litecoin) March 1, 2021 As […]Read More

Market

Crypto Lender BlockFi Registers Bitcoin Trust With SEC

BlockFi, a major hub for crypto lending, appears to be increasing its courting of institutional bitcoin bets through a new bitcoin trust product. The trust, revealed in Friday regulatory filings, could put BlockFi in direct competition with Grayscale for bitcoin-friendly Wall Street investors’ attention and dollars. Grayscale’s own bitcoin trust is one of the single-largest […]Read More