The Grayscale Bitcoin Investment Trust’s (GBTC) bid to overturn the SEC’s rejection of its spot bitcoin ETF last year received a shot in the arm from a US Appellate Court today. Questioning by Judge Neomi Rao and Judge Sri Srinivasan made news and upped the odds that Grayscale might prevail against the agency. Fraud in… Read More Notes 3/7: Grayscale ETF, OKB Again
Among the limited number of bitcoin-related investments available to investors, the Grayscale Bitcoin Trust (GBTC) is the most well-known. It was the first publicly traded investment vehicle in public markets and has the biggest number of assets under management. In the last year, however, GBTC’s popularity has waned. Its shares, which traded at significant premiums… Read More What Does The Future Hold For GBTC?
Bitcoin’s fortunes may have tumbled this year but its advocates are not backing down yet. Investment firm Grayscale is pulling out all stops in its bid to get approval for conversion of its Grayscale Bitcoin Trust (GBTC) – a closed-end fund for accredited investors – to an ETF. The company submitted its application to the… Read More Grayscale Launches Advertising Blitz For Bitcoin ETF Approval
The Bitcoin ETF season is upon us. After a wait of eight years and multiple rejections from the Securities and Exchange Commission (SEC), a Bitcoin ETF finally made a record-setting debut in public markets. With a trading volume of slightly more than a billion dollars, the ProShares Bitcoin Strategy ETF (BITO) had the second-highest trading… Read More Futures-Based Bitcoin ETFs: Not a Good Trade for Retail Investors