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GBTC
Grayscale Bitcoin Trust Discount Reaches Record 50%
The shares have not traded at a premium to bitcoin since last March.
Grayscale, in the Spotlight as GBTC Discount Widens, Says DeFi Fund Now Trading
The debut of the DEFG fund in over-the-counter markets comes as Grayscale’s largest fund, the Grayscale Bitcoin Trust (GBTC), is trading at a record discount and at the center of crypto-market speculation.
Celsius Bankruptcy Developments; Grayscale Bitcoin Trust Discount Widens to Record High
Bloomberg reports that a judge involved in the Celsius bankruptcy case ordered the company to return $50 million worth of crypto to users of custody accounts. Plus, shares of the world’s largest bitcoin fund, Grayscale Bitcoin Trust (GBTC), hit a record-high discount rate of nearly 50% relative to the price of bitcoin (BTC). CoinDesk and Grayscale are both owned by Digital Currency Group.
Grayscale Bitcoin Trust Discount Widens to Record High Near 50%
The shares have not traded at a premium to bitcoin since March 2021.
Hedge Fund Fir Tree Sues Grayscale to Obtain Details Regarding GBTC: Bloomberg
According to Bloomberg, hedge fund Fir Tree is suing crypto investment firm Grayscale to investigate potential mismanagement of its flagship Grayscale Bitcoin Trust (GBTC). This comes as GBTC is selling at close to a record 43% discount to the price of the underlying bitcoin in the trust. Eaglebrook Advisors Vice President of Research Joe Orsini discusses what this means for the overall crypto markets. Grayscale and CoinDesk are both owned by Digital Currency Group.
Bitcoin Slips Below $17K Amid Rate Hike Concerns
Eaglebrook Advisors Vice President of Research Joe Orsini discusses his outlook for bitcoin as it dips slightly below the $17,000 level, amid interest rate hike concerns and continued fallout from crypto exchange FTX. Plus, his take on Grayscale Bitcoin Trust (GBTC) selling at close to a record 43% discount to the price of the underlying bitcoin in the trust. Grayscale and CoinDesk are both owned by Digital Currency Group.
Grayscale's Bitcoin Trust Shares Continue to Trade at a Discount
Bernstein Managing Director of Global Digital Assets Gautam Chhugani unpacks the outlook for Genesis and Grayscale's GBTC, amid the ongoing contagion concerns from the fallout of FTX. Grayscale Investments, which manages GBTC, Genesis and CoinDesk are owned by Digital Currency Group.
Cathie Wood's Ark Invest Purchases $1.5M in Grayscale Bitcoin Trust Shares
Cathie Wood's Ark Investment Management bought 176,945 shares ($1.5 million) in Grayscale's Bitcoin Trust (GBTC) on Monday as the crypto market touched a two-year low. Genesis, Grayscale and CoinDesk are owned by Digital Currency Group. "The Hash" panel discusses what to make of Ark's latest crypto bets.
Cathie Wood's Ark Invest Buys $1.5M in Grayscale Bitcoin Trust Shares
The firm purchased the shares at a record discount to their net asset value.
Bitcoin Falls Below $16K; Coinbase Hits Lowest Price Since Going Public
Shares of Coinbase (COIN) hit their lowest price since the the U.S.-based cryptocurrency exchange went public in April 2021. The Grayscale Bitcoin Trust (GBTC) is drawing market attention after sister company Genesis Global Capital said its lending unit would halt customer withdrawals in the wake of the collapse of Sam Bankman-Fried’s FTX crypto empire, Bernstein said in a research report Monday.