GBTC delivered better returns than Bitcoin ETFs last week
Grayscale's flagship Bitcoin fund had no competition from the newly-launched ETF products in their first seven days, figures show.
Auto Added by WPeMatico
Grayscale's flagship Bitcoin fund had no competition from the newly-launched ETF products in their first seven days, figures show.
Bitcoin's surge to $67,000 has given bulls an advantage in Oct. 22's $1.8 billion BTC options expiry.
The new allocation extends DCG’s purchase authorization for the Grayscale Bitcoin Trust by $250 million.
Grayscale Investments has confirmed its plan to file for its bitcoin trust (GBTC) to be converted into a bitcoin exchange-traded fund (ETF). “The NYSE Arca will file a document called…
A Bitcoin ETF approval will open the door for more conservative investors and this could have an irreversible impact on BTC price.
What was once a major bearish narrative exits via the tradesman’s entrance after failing to have any impact on Bitcoin markets.
GBTC will “take time” to restore its balance thanks to changing market forces, analyst Willy Woo says.
The Grayscale Bitcoin Trust, which trades under the ticker symbol GBTC, is being snatched up by institutional managers looking for more traditional exposure to digital assets.