GBTC


Markets

Bitcoin ETF Hopes Push Grayscale's GBTC Discount to Narrowest Since 2021

The fund’s shares have traded for years at a discount to the value of the BTC it owns.

GBTC discount narrows. (TradingView)

Finance

What’s Next for Grayscale, Spot Bitcoin ETF After SEC Declines to Appeal Court Loss?

One analyst believes SEC Chair Gary Gensler has little choice but to soon approve the long-awaited vehicle.

Grayscale ad (Nikhilesh De/CoinDesk)

Policy

SEC Deadline on Grayscale's Bitcoin ETF Dispute Approaching at Midnight

The agency has hours left to seek an appeal of the court order to erase its rejection of Grayscale’s trust-to-ETF conversion application.

SEC head Gary Gensler (SEC, modified by CoinDesk)

Finance

A New Crypto Scam Shows Perils of Elon Musk's Twitter

A purported $25 million giveaway of a token called GBTC – letters better associated with the $13 billion Grayscale Bitcoin Trust – is an obvious fake.

(Wikimedia Commons)

Videos

Grayscale Fires Back at SEC; Coinbase Eyes Large Institutional Investors

"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.

Recent Videos

Policy

SEC Has 'No Grounds' to Reject Bitcoin ETF Conversion, Grayscale Says

The SEC was last week ordered to review its prior rejection of the conversion of the Grayscale Bitcoin Trust (GBTC), though not necessarily to approve it.

(Mark Van Scyoc/Shutterstock)

Markets

Bitcoin Average Trade Size Jumps to Highest Level Since June After Grayscale Ruling

The increase in average trade size could suggest large traders are more active, said research firm Kaiko.

Bitcoin's average trade size highest since June (CoinDesk/Kaiko)

Markets

Grayscale’s Victory Ignites a GBTC Trading Frenzy as Investors Bet on Narrowing Discount to Bitcoin Price

The SEC must review its rejection to convert the Grayscale Bitcoin Trust into an exchange-traded fund, the appeals court ruled Tuesday.

Grayscale ad (Nikhilesh De/CoinDesk)

Videos

SEC Must Review Grayscale's Bitcoin ETF Bid After Prior Rejection, Court Rules

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).

CoinDesk placeholder image

Markets

Bitcoin Tops $28K on Grayscale Ruling, While Crypto-Related Stocks Soar More Than 10%

A U.S. court ordered the SEC to "vacate" its rejection of Grayscale's bid to convert its Bitcoin Trust into an ETF.

Bitcoin surges after Grayscale court ruling (CoinDesk)