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 to its net asset value, are trading at a discount. … Continue reading 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 SEC in October last year and a decision is expected … Continue reading 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 volume for any ETF ever. Only BlackRock’s U.S. Carbon Transition … Continue reading Futures-Based Bitcoin ETFs: Not a Good Trade for Retail Investors