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Grayscale's 33% GBTC Premium Signals “Outrageous” Institutional Demand For Bitcoin, says Willy Woo

Grayscale's 33% GBTC Premium Signals “Outrageous” Institutional Demand For Bitcoin, says Willy Woo

Grayscale Bitcoin Trust's (GBTC) premium on Bitcoin has risen to 33%, indicating “outrageous demand” for BTC from institutional investors as its price consolidates at $23,000.

What is Grayscale Bitcoin Trust (GBTC)?

What is Grayscale Bitcoin Trust (GBTC)?

The Grayscale Bitcoin Trust is an investment vehicle that is designed to enable investors to trade Bitcoin shares without actually owning BTC.

Grayscale AUM up $3.4 Billion in a Week, $500 Million in a Day, GBTC 33% Premium Shows High Bitcoin Demand

Grayscale AUM up $3.4 Billion in a Week, $500 Million in a Day, GBTC 33% Premium Shows High Bitcoin Demand

Institutional-grade digital asset manager, Grayscale Investments is up $3.4 billion in assets under management (AUM) over the last week, bringing total AUM to $16.4 billion.

Grayscale Bitcoin Trust Files to Become First Fund to Report to SEC

Grayscale Bitcoin Trust Files to Become First Fund to Report to SEC

Grayscale Bitcoin Trust (GBTC) has positioned itself to become the first cryptocurrency investment fund to achieve a reporting status to the United States Securities and Exchange Commission (SEC).

Grayscale Bitcoin Trust (GBTC) Registers with SEC Amid Market Volatility

Grayscale Bitcoin Trust (GBTC) Registers with SEC Amid Market Volatility

Grayscale Bitcoin Trust (GBTC) files SEC registration, transitioning to NYSE Arca listing amid ongoing market volatility and evolving digital asset landscape.

Bitcoin Surges Past $28,000 and GBTC Discount Narrows to 17%

Bitcoin Surges Past $28,000 and GBTC Discount Narrows to 17%

Bitcoin's value surged to $28,142 on Binance after Grayscale Investments won a lawsuit against the SEC, converting its Grayscale Bitcoin Trust into an ETF.

Grayscale Launches New Crypto Dealer as Genesis Got Incapacitated With 3AC Bankruptcy

Grayscale Launches New Crypto Dealer as Genesis Got Incapacitated With 3AC Bankruptcy

Grayscale Investments, one of the largest asset managers in the digital currency ecosystem has launched a new broker-dealer dubbed Grayscale Securities, recent filings with the United States Securities and Exchange Commission show

Gemini Co-founder Marks Spot Bitcoin ETF Approval Struggle for A Decade

Gemini Co-founder Marks Spot Bitcoin ETF Approval Struggle for A Decade

The 10-year anniversary of the day that Cameron Winklevoss and his brother Tyler filed for the top slot in the first Bitcoin Exchange-Traded Fund (ETF) was celebrated today by the co-founder of the cryptocurrency exchange Gemini.

ARK Invest Intensifies Investment in Robinhood

ARK Invest Intensifies Investment in Robinhood

ARK Invest, led by Bitcoin enthusiast Cathie Wood, increased its stake in Robinhood, buying 1.1 million shares worth over $9.5 million in a single day. The investment was distributed across three ARK ETFs, with ARKK acquiring the majority.

BlockFi Stops Accepting GBTC as Collateral

BlockFi Stops Accepting GBTC as Collateral

BlockFi now stops accepting shares in the Grayscale Bitcoin Trust (GBTC) as collateral for loans, showing the impact of liquidation from Three Arrows Capital across the crypto space.

Grayscale Submits Comment Letter to SEC Regarding Spot Bitcoin ETF Application

Grayscale Submits Comment Letter to SEC Regarding Spot Bitcoin ETF Application

Grayscale's legal team submitted a comment letter to the SEC, advocating for the approval of all spot bitcoin ETF applications, emphasizing fair regulation and investor protection.

Grayscale CEO challenges SEC's denial of application

Grayscale CEO challenges SEC's denial of application

If GBTC becomes a spot BTC ETF, Grayscale Investments CEO Michael Sonnenshein stated investors will get a "few of billion dollars" back.

Grayscale withholds on-chain reserve evidence for security reasons

Grayscale withholds on-chain reserve evidence for security reasons

Cryptocurrency investment product provider Grayscale Investments has refused to provide on-chain proof of reserves or wallet addresses to show the underlying assets of its digital currency products. The company cited "security concerns" in a Nov. 18 Twitter thread addressing investor concerns. Pressure mounts for crypto firms to introduce proof of reserve after FTX's liquidity issues and subsequent bankruptcy.

Genesis Global Capital Moves to Liquidate $1.6 Billion in Grayscale Trusts Amid Bankruptcy

Genesis Global Capital Moves to Liquidate $1.6 Billion in Grayscale Trusts Amid Bankruptcy

Genesis Global Capital has petitioned the U.S. Bankruptcy Court to sell off its Grayscale Bitcoin, Ethereum, and Ethereum Classic Trust holdings, totaling approximately $1.6 billion. This strategic liquidation aims to maximize creditor repayments amidst potential market volatility, following a recent SEC settlement.

GBTC Litigation: Fir Tree and Grayscale Reach Agreement

GBTC Litigation: Fir Tree and Grayscale Reach Agreement

Fir Tree Partners, a significant shareholder of the Grayscale Bitcoin Trust (GBTC), and Grayscale Investments have reached an agreement resolving a lawsuit filed by Fir Tree in December 2022. The litigation sought documents and information from Grayscale about potential mismanagement and conflicts of interest at GBTC.

Grayscale's Strategic Shift: Aiming for Bitcoin Spot ETF with Cash Redemption Model

Grayscale's Strategic Shift: Aiming for Bitcoin Spot ETF with Cash Redemption Model

Grayscale changes GBTC to a spot Bitcoin ETF using cash creation model, complying with SEC guidelines after Barry Silbert's resignation, marking a significant shift in the digital asset landscape.

Digital Currency Group Raises $700M at $10B Valuation

Digital Currency Group Raises $700M at $10B Valuation

The Digital Currency Group (DCG) has announced its latest secondary share sale in which it pulled about $700 million in funding.

GBTC's Discount to NAV Hits New Record Low after SEC Declining its Bitcoin Spot ETF Application

GBTC's Discount to NAV Hits New Record Low after SEC Declining its Bitcoin Spot ETF Application

Grayscale’s flagship product GBTC has continued to widen its discount. The discount signals the poor performance of the Bitcoin fund. As a solution, Grayscale wants to convert the GBTC into a spot Bitcoin ETF.

Grayscale Wants SEC's Approval for Bitcoin ETF With Public Support

Grayscale Wants SEC's Approval for Bitcoin ETF With Public Support

Digital assets manager Grayscale Investments is stirring the public to send a message to the US Securities and Exchange Commission with respect to approving the conversion of its flagship product, the Grayscale Bitcoin Trust (GBTC) to a full-fledged spot Bitcoin Exchange Traded Fund (ETF).

Bitcoin's Dawn of the ETF Era: ARK Investment

Bitcoin's Dawn of the ETF Era: ARK Investment

According to a report ARK Investment, in June 2023, Bitcoin experienced a resurgence in institutional sentiment, with the supply of Bitcoin that had remained unmoved for at least a year reaching an all-time high of approximately 70% of the circulating supply.

Grayscale Files with US SEC to Convert GBTC Into Bitcoin Spot ETF

Grayscale Files with US SEC to Convert GBTC Into Bitcoin Spot ETF

Grayscale believes that if the SEC approves a futures-based ETF, the agency should be open to approve the physical based ETFs.

Grayscale Goes to Court After SEC Rejects its Proposed ETF Bid

Grayscale Goes to Court After SEC Rejects its Proposed ETF Bid

The United States Securities and Exchange Commission (SEC) dashed the hopes of Grayscale Investments with a rejection of its application to convert the Grayscale Bitcoin Trust product to a full-spot Exchange Traded Fund (ETF)

Grayscale Has Strong Case against SEC: Chief Legal Officer

Grayscale Has Strong Case against SEC: Chief Legal Officer

A legal official of Grayscale Investment said the company has confidence in a lawsuit against the US SEC. The company is applying to convert its Grayscale Bitcoin Trust (GBTC) product to a spot Bitcoin ETF.

Grayscale Debuts First European ETF

Grayscale Debuts First European ETF

Grayscale Investments has announced the launch of its first Exchange Traded Fund (ETF) product in the European Economic Area.

Grayscale Taps Top Former Obama's Lawyer in Preparation for Spot BTC ETF Legal Battle

Grayscale Taps Top Former Obama's Lawyer in Preparation for Spot BTC ETF Legal Battle

In preparation for this historic verdict from the SEC, Grayscale has onboarded Donald B. Verrilli Jr as the latest member of its legal team.

Grayscale Announces the Launch of its Diversified Crypto Investment System for Trading

Grayscale Announces the Launch of its Diversified Crypto Investment System for Trading

Grayscale Investments, the American-based crypto management fund, announced a plan to launch its diversified crypto investment system for trading. This investment product is known as Grayscale Digital Large Cap Fund (GDLCF), and trading will begin in no distant time with access to US securities.

Bitcoin’s Dominance Peaks as BTC Price Unmoved by XRP's Massive Sell-Off

Bitcoin’s Dominance Peaks as BTC Price Unmoved by XRP's Massive Sell-Off

Bitcoin’s dominance has reached a new high, and BTC’s dominance has not had much rejection so far.

Crypto Wallets Holding more than 1,000 Bitcoins Hit an All-Time High

Crypto Wallets Holding more than 1,000 Bitcoins Hit an All-Time High

New data by Glassnode reveals that the number of BTC addresses holding at least 1,000 coins has broken the record at 2,305.

What Is a Bitcoin ETF?

What Is a Bitcoin ETF?

Bitcoin ETF is a type of security that tracks the overall price of Bitcoin and enables investors to trade and purchase shares of it on traditional exchanges.

Israeli Pension Firm Generates Huge Profit from $100 Million Investment in Bitcoin

Israeli Pension Firm Generates Huge Profit from $100 Million Investment in Bitcoin

Altshuler Shaham, the biggest pension company in Israel, has announced that it invested $100 million in Bitcoin at the end of December last year- With Bitcoin's appreciation, the investment has grown and become $200 million.

Bloomberg Predicts Bitcoin Price to Surge Past $20,000 in 2020, Doubling Last Year’s High

Bloomberg Predicts Bitcoin Price to Surge Past $20,000 in 2020, Doubling Last Year’s High

Bloomberg predicted in its recent report that Bitcoin’s price in 2020 could reach double of last year’s high of $14,000. It further suggested that adoption is the primary Bitcoin metric, and Bloomberg takes a positive outlook on this end. Bitcoin’s price has seen a 60% decline in 2014, and at the end of 2016, Bitcoin matched the peak in 2013. If Bitcoin chooses to follow the same trend as 2016, with a 75% decline in 2018, Bitcoin is headed towards $20,000, according to Bloomberg.

Bitcoin Price Drops Below $9K as Stock Markets Erase Gains Amid Incoming Second Wave of COVID-19 Cases

Bitcoin Price Drops Below $9K as Stock Markets Erase Gains Amid Incoming Second Wave of COVID-19 Cases

Bitcoin price is currently hitting its lowest levels in around 3 weeks, as stocks are rumored to anticipate an incoming crash. Bitcoin (BTC) dipped below the $9,000 on June 15 and continued to hover above $9,000 shortly after.

Why are Millennials Favouring Bitcoin?

Why are Millennials Favouring Bitcoin?

Based on technological innovations revamping the world like cryptocurrencies, millennials have been at the forefront to embrace them. Therefore, explaining the reasons why millennials are heeding to the call of bitcoin being an exceptional technological advancement and investment tool.

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