Grayscale Bitcoin Trust

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GBTC is passively managed, offering exposure to the daily USD spot price of bitcoin (BTC). An investment in the fund is not a direct investment in bitcoin.

Lawyers for Grayscale Investments will appear in court on Tuesday to argue that federal regulators improperly refused to clear its conversion of the $14 billion Grayscale Bitcoin Trust (GBTC), raising the stakes for one of the last asset categories left untouched by ETFs. Grayscale sued the U.S.

What to Know Ahead of Tuesday's Grayscale SEC Legal Battle

Grayscale Bitcoin Trust is gearing up for its latest legal challenge to US regulator the Securities and  Exchange Commission's long-running refusal to permit the world's largest bitcoin investment vehicle to trade on the US equities market. The beleaguered investment trust has been trying to float as a spot ETF for years, but under chair Gary Gensler, the SEC has staunchly blocked Grayscale's attempts every step of the way.

Grayscale Bitcoin Trust prepares oral arguments in latest tussle with SEC

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Bitcoin is screaming higher, up roughly 45% on the year, making its first convincing rally since last summer and holding above the critical psychological $20,000 level. The wildly bullish, one-sided price action comes at an interesting time.

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Cryptocurrency conglomerate Digital Currency Group (DCG) has been forced to sell shares in its multibillion-dollar Grayscale investment vehicles at massive discounts in order to pay up spiralling debts. According to filings seen by the Financial Times, DGC, which runs the world's largest bitcoin fund Grayscale Bitcoin Trust (GBTC), is mainly capitulating on its US$5bn (£4.2bn) Ethereum fund, with US$22mln raised from selling shares as a 50% discount to the fund's underlying holdings.

Grayscale Bitcoin Trust owner DGC sells shares at massive discount as debts pile up

The D.C. Court of Appeals has scheduled a date to hear oral arguments in Grayscale's lawsuit contesting the SEC's decision to deny the conversion of GBTC to an ETF.

D.C. appeals court expedites oral arguments in Grayscale lawsuit against SEC

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In the past month, GBTC's discount to NAV has shifted from around 48% to 36% while bitcoin has rallied. This is likely a result of a sentiment shift in the crypto market, rather than any fundamental news regarding GBTC itself.

Grayscale Bitcoin Trust: Discount To NAV Closes

GBTC has continued with its effort to convert to a spot ETF just as its discount to NAV remains persistent. The discount of around 40% could be closed by partial liquidation and buying back shares, but this is unlikely to be pursued by Grayscale.

Grayscale Bitcoin Trust Should Liquidate And Move On

There are plenty of reasons to criticise Grayscale and its parent company Digital Currency Group (DGC), but dogged determination isn't one of them. Grayscale has attempted once again to convince the US Securities and Exchange Commission (SEC) to allow conversion of the Grayscale Bitcoin Trust (GBTC), the world's largest bitcoin-only investment vehicle, into a spot exchange-traded fund (ETF).

Grayscale faces the fight of its life to retain control of flagship bitcoin trust

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Crypto investors have been starved of good news in recent months.

How Marathon, Riot, MicroStrategy, and Grayscale Bitcoin Trust Soared This Week

Shares of the Grayscale Bitcoin Trust (OTCMKTS: GBTC) rose on Tuesday as an uptick across the crypto market pushed prices of Bitcoin (BTC/USD) and other cryptocurrencies higher.

Grayscale Bitcoin: GBTC discount to NAV narrows to -38.55%

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In its letter, Valkyrie outlines three key ways in which their potential management of GBTC could be an improvement over the current situation.

Valkyrie Announces Plans To Become New Manager of Grayscale's Bitcoin Trust

Grayscale Investments will look to return 20% of Grayscale Bitcoin Trust (GBTC) fund to investors if its bid to have a spot Bitcoin ETF fails. The company will explore this option should its battle to have the Securities and Exchange Commission (SEC) approve its application to convert GBTC into spot bitcoin ETF fail.

Grayscale CEO confirms tender offer if Bitcoin ETF path fails

The CEO of Grayscale Investments outlined the Plan B in a letter to investors.

Biggest Bitcoin Fund Says It Might Try Tender Offer. Fallback Option Lifts Shares.

GBTC stock is a way investors can play Bitcoin. With the asset plunging amid the FTX collapse, is Grayscale Bitcoin Trust a buy now?

Is GBTC Stock A Good Buy As Bitcoin Plunges Amid FTX Meltdown Fallout?

As a publicly listed, U.S. based company, Coinbase's financials are externally audited on a quarterly basis. Auditors randomly select assets and require cryptographic proof of ownership. Despite recent fears, Coinbase has been and continues to safely store Grayscale's digital assets. These fears are creating an opportunity through the Trust's discount to NAV.

Grayscale Bitcoin Trust: Cathie Wood Is Right, Finally (Rating Upgrade)

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The FTX bankruptcy has hurt many stocks in the crypto space, creating buying opportunities for those who are brave enough.

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I'm taking on a little bit of additional risk here, but not nearly as much as the fund's deeply discounted price might suggest.

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(Kitco News) - Grayscale and its GBTC product fall under increased scrutiny as the crypto community calls on the firm to reveal its Bitcoin wallet addresses in the name of transparency

GBTC discount hits a record 45.2%, prompting some to wonder if Grayscale will be the next black swan.

Bitcoin fell early Monday on fears Grayscale Bitcoin Trust could be hit by Digital Currency Group, Genesis Global Trading liquidity issues. The post Bitcoin Falls As Another Leader Wobbles; This Top Fund Is Buying appeared first on Investor's Business Daily.

Bitcoin Falls As Another Leader Wobbles; This Top Fund Is Buying

Is there a reason for concern, and why did the SEC reject GBTC's upgrade to a spot-traded BTC ETF?

GBTC is Now Trading at a 42% Discount to its $10B+ BTC Holdings

Grayscale won't be sharing its proof of reserves with customers, citing "security concerns."

Grayscale refuses to share proof of reserves due to 'security concerns'

FTX implosion revealing leverage and lack of controls in the industry. Interconnected nature created by derivatives and shared holdings continuing to ripple and pressure industry players.

News for Grayscale Bitcoin Trust ETF (GBTC)