October 14th, 2024
GBTC News
Explore the latest GBTC news to learn how the Grayscale Bitcoin Trust ETF is transforming Bitcoin investments by offering exposure to retail investors through traditional financial platforms. Stay informed on the performance of GBTC, its market updates, data on deposits and withdrawals, and regulatory events that affect the ETF and the future of crypto investments.
Grayscale ETF Revenue Outranks Rivals despite Outflow, Here’s Why
By Godfrey Benjamin
October 2nd, 2024
Grayscale’s business model that saw it hike fees on its crypto ETF products has proven to be profitable.
US Bitcoin ETFs See Five-Day Inflow Streak as BlackRock Leads with $184M
By Mayowa Adebajo
September 26th, 2024
The funds pulled in an impressive $106 million on the day, with BlackRock’s iShares Bitcoin Trust (IBIT) clearly in charge of the movement.
US Spot Bitcoin ETFs Record $277M Weekly Outflows as BTC Falls 10%
By Mayowa Adebajo
September 2nd, 2024
Last week’s overall outflows were largely driven by two funds. Those are Ark Invest/21Shares’ Bitcoin fund (ARKB) and Grayscale’s Bitcoin ETF (GBTC).
Bitcoin (BTC) Price Opens September in Bearish Outlook amid Low Investors’ Demand
By Steve Muchoki
September 2nd, 2024
The US spot Bitcoin ETF issuers have registered four consecutive days of notable cash outflow leading to a bearish outlook for the entire altcoin industry.
Grayscale’s Bitcoin Holdings in GBTC Plummet Over 60% Amid ETF Competition
By Mayowa Adebajo
August 29th, 2024
Presently, GBTC is struggling to find its standing and return to its previous level of relevance among investors.
Bitcoin ETFs Surge with $250M Inflows After Rate Cut Hints at Jackson Hole
By Mayowa Adebajo
August 26th, 2024
This was the highest net inflow recorded by the funds in a single day since July 23.
NYSE Pulls Bitcoin ETF Options Application for BITB and GBTC
By Anisha Pandey
August 16th, 2024
NYSE has retracted its application to list and trade options on the Bitwise Bitcoin ETF (BITB) and the Grayscale Bitcoin Trust (GBTC).
Morgan Stanley Sells Entire GBTC Position, Buys $187 Million of BlackRock’s IBIT
By Bhushan Akolkar
August 15th, 2024
Banking giant Morgan Stanley announced a near-selloff of its Grayscale holdings while liquidating a total of $269.9 million worth of GBTC shares which it held in Q1 2024.
Grayscale Ethereum Trust Ends Outflows as Ethereum Layer 2 Activity Surges
By Bena Ilyas
August 13th, 2024
The recent surge in Ethereum network activity signals renewed investor interest, offering hope for Ether’s long-term price appreciation.
Bitcoin ETFs See $45M Inflows as Ethereum Funds See $24M Outflows
By Bena Ilyas
August 8th, 2024
Despite recent inflows signaling renewed confidence in Bitcoin ETFs, Grayscale’s GBTC continues to struggle with significant outflows, highlighting ongoing investor hesitation.
The Grayscale Bitcoin Trust (GBTC) is an important link between the traditional and crypto sectors and has performed this function since it launched in 2013. It offers holders a unique opportunity to gain some exposure to Bitcoin BTC $65 798 24h volatility: 5.2% Market cap: $1.30 T Vol. 24h: $48.38 B and benefit from its price movements without actually holding the crypto. This method makes investment easy for traditional investors not interested in learning about crypto wallets, private keys, or digital asset exchanges.
GBTC was successfully converted to a spot Bitcoin exchange-traded fund (ETF) in January 2024 when the United States Securities and Exchange Commission (SEC) approved several spot BTC ETF applications. To grant investors access, Grayscale purchases Bitcoins and issues GBTC shares, which are then available to retail parties on the stock market.
The transition of GBTC to an ETF was anticipated for a long time by enthusiasts in the crypto sector. In addition to improving access to Bitcoin, GBTC helps to promote institutional Bitcoin adoption because corporate parties previously skeptical about engaging with digital assets are now in the market through a familiar product regulated by the US SEC.
In addition to simplified access to crypto, GBTC also improves price transparency and liquidity. Furthermore, GBTC news highlights the impact of spot crypto ETFs, including increased conversations about the use of crypto, its adoption, the future of digital assets, and potential crypto applications in traditional finance.
Read the GBTC guide for more details about one of the foremost Bitcoin investment channels in the crypto sector.
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FAQ on GBTC News
How can I buy GBTC?
GBTC is available via several brokerage platforms. Anyone can sign up, place an order, and make a purchase after depositing funds into their brokerage account.
Who owns GBTC?
Leading crypto asset manager Grayscale Investments manages GBTC. Grayscale Investments is a subsidiary of Digital Currency Group (DCG).
How did GBTC start?
GBTC launched in 2013 as one of the first products to provide investors with Bitcoin exposure through traditional markets. However, GBTC did not become an exchange-traded fund (ETF) until 2024.
Is GBTC the best ETF?
The best ETF depends on the user and their preferences. While GBTC offers easy access to Bitcoin, investors may compare ETFs using factors like liquidity and fees.
