GBTC

According to a report from asset manager CoinShares, bitcoin-focused investment vehicles received more than $700 million in fresh money last week as inflows to new spot bitcoin (BTC) exchange-traded funds offset the abating outflows from Grayscale's flagship GBTC fund. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

Peb 6, 2024

Earlier this week, Cathie Wood's ARK Invest sold around $12.85 million worth of Grayscale Bitcoin Trust (GBTC) shares from its Next Generation Internet (ARKW) exchange-traded fund (ETF), the biggest sale in more than a year. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

Dis 13, 2023

The SEC has started talks with Grayscale on the details of the company's application to convert its trust product GBTC to a spot bitcoin ETF, according to a CoinDesk source. Hashnote CEO Leo Mizuhara shares his reaction, as bitcoin (BTC) crosses $37,000, its highest level in more than 18 months. Grayscale and CoinDesk are both owned by DCG.

Nob 9, 2023

The SEC decided not to appeal its court loss against Grayscale, which means GBTC’s conversion to a spot BTC ETF is likely on its way. And multiple spot Bitcoin ETF applications appear to be inching closer to approval. James Seyffart, market analyst at Bloomberg Intelligence, and Matt Hougan, chief investment officer at Bitwise Asset Management, feel quite certain a spot Bitcoin ETF will launch in the next few months.

Okt 27, 2023

"CoinDesk Daily" host Jennifer Sanasie takes a closer look at the hottest crypto stories today, including what Grayscale said to the SEC about wanting to convert its Grayscale Bitcoin Trust (GBTC) into an exchange-traded fund. Grayscale and CoinDesk are both owned by DCG. Coinbase is creating a new crypto lending service in the U.S. for institutional clients. And, an update on FTX founder Sam Bankman-Fried and his computer access ahead of his trial in October.

Set 6, 2023

A federal court ruled that the U.S. Securities and Exchange Commission (SEC) must review its rejection of Grayscale Investments' attempt to convert the Grayscale Bitcoin Trust (GBTC) into an ETF. "The Hash" panel discusses whether the U.S. may soon get its first spot bitcoin ETF and how the crypto markets are reacting to the legal developments. Grayscale and CoinDesk are both owned by Digital Currency Group (DCG).

Ago 29, 2023

Opimas LLC CEO and founder Octavio Marenzi discusses whether institutional investors could gain more exposure in bitcoin spot ETFs if approved, as the Grayscale Bitcoin Trust (GBTC) discount to net asset value has fallen to below 35%. Grayscale and CoinDesk are owned by Digital Currency Group (DCG).

Mar 9, 2023

A panel of judges appeared skeptical of the SEC's arguments during Tuesday's appeals court hearing in Grayscale's ongoing bid to convert its Grayscale Bitcoin Trust (GBTC) into an ETF. This comes as the GBTC discount to net asset value has narrowed to below 35%, its lowest point since Nov. 7, according to data from TradingView. Grayscale Investments Chief Legal Officer Craig Salm weighs in. Grayscale and CoinDesk are both owned by Digital Currency Group (DCG).

Mar 8, 2023

The Grayscale Bitcoin Trust (GBTC) discount to net asset value has fallen to its lowest level in a month, ahead of oral arguments in federal court on Tuesday related to Grayscale's SEC lawsuit. Meanwhile, FTX sister company Alameda Research has filed a lawsuit against Grayscale Investments seeking injunctive relief to realize over $250 million in asset value for the FTX Debtor’s customers and creditors. DCG is the parent company of CoinDesk and Grayscale.

Mar 6, 2023

Grayscale Investments Chief Legal Officer Craig Salm discusses the Grayscale Bitcoin Trust (GBTC) as its discount continues to hover in the 40% range. Plus, reactions to Valkyrie Investments' offering to manage GBTC and whether Grayscale is considering offers. "Grasycale has zero intentions of removing ourselves as sponsor," Salm said. Digital Currency Group is the parent company of Grayscale and CoinDesk.

Ene 26, 2023