GBTC


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‘Grayscale Discount’ Widens as FTX Contagion Spreads

Shares of the Grayscale Bitcoin Trust (GBTC), the world’s largest publicly traded crypto fund, are trading at a record discount relative to the price of the underlying bitcoin (BTC). "The Hash" discuss the impact of FTX's fallout on the overall market. CoinDesk is an independent subsidiary of Digital Currency Group (DCG), which also owns Grayscale.

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Markets

‘Grayscale Discount’ Widens to Record 43% as FTX Contagion Spreads

The added pressure comes after Genesis Global Capital – a corporate sibling to bitcoin trust manager Grayscale Investments – halted customer withdrawals from its lending unit this week.

GBTC has reached a record discount of 43% relative to the price of bitcoin. (Ycharts)

Finance

Cathie Wood’s ARK Buys 315K Shares in Grayscale’s Bitcoin Trust

It was the fund's first purchase of the trust in almost a year-and-a-half.

Cathie Wood, CEO de Ark Invest. (Marco Bello/Getty Images)

Markets

Grayscale's Bitcoin Trust Shares Hit Record Discount of 36.7%

Bitcoin is down nearly 10% to $16,622 as FTX’s liquidity crisis continues to rattle the markets.

Gráfico de índices del mercado de acciones subiendo y bajando. (Megamodifier/Pixabay)

Finance

ARK's Cathie Wood Bought $100K Worth of Bitcoin Years Ago at $250 and Has Never Sold It

The founder and CEO of ARK Investment Management said she made the purchase after reading the Satoshi white paper.

Ark Invest's Cathie Woods (Danny Nelson/CoinDesk)

Markets

Shares in Grayscale's Bitcoin Trust Trade at 36% Discount to Fund's NAV

The shares first slipped into the discount category in February 2021 primarily due to alternatives like ETFs becoming available in Canada and Europe.

The GBTC discount widens to a new record high. (m./Unsplash)

Markets

Three Arrows Paper Trail Leads to Trading Desk Obscured Via Offshore Entities

As Three Arrows Capital collapsed under market pressure, its much-lesser known trading desk, TPS Capital, remained active, sources say. But a complex ownership structure might frustrate creditors' efforts to collect.

Cayman Islands (Creative Commons)

Markets

Grayscale 'GBTC Discount' Widens After SEC Bitcoin ETF Rejection

The discount between the share price of the Grayscale Bitcoin Trust and the equivalent value of its underlying bitcoin has increased to 31% from 28.4%.

Grayscale CEO Michael Sonnenshein (CoinDesk archives)

Finance

Grayscale Lines Up Jane Street and Virtu as 'Authorized Participants' if GBTC Converts to ETF

The owner of the $13.5 billion Grayscale Bitcoin Trust awaits an imminent decision from the SEC on its spot Bitcoin ETF proposal.

Grayscale's new ad campaign can be seen in New York's Penn Station. (Nikhilesh De/CoinDesk)

Markets

Grayscale Bitcoin Trust's 'GBTC Discount' Narrows With ETF Decision on Horizon

Shares of the GBTC are trading at a discount of 29% to bitcoin’s price, down from 34% last week – and there's all sorts of speculation on what it means.

The "Grayscale discount" has narrowed after widening out to 34% last week. (Skew)