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GBTC

Grayscale Bitcoin Trust ETF (BTC)

https://grayscale.co/bitcoin-investment-trust/#overview

Industry

Asset Management - Cryptocurrency

The trust's Bitcoins are carried, for financial statement purposes, at fair value as required by U.S. generally accepted accounting principles ("GAAP"). The trust determines the fair value of Bitcoins based on the price provided by the Digital Asset Market that the trust considers its principal market as of 4:00 p.m., New York time, on the valuation date.

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Bitcoin ETFs are nearing the status of the largest collective Bitcoin holders, potentially surpassing Satoshi Nakamoto's holdings. U.S.-based Bitcoin ETFs currently hold 995,663 BTC, with BlackRock and Grayscale being significant contributors. This trend highlights the growing institutional adoption of Bitcoin.

Portfolio Pulse from Murtuza Merchant

October 30, 2024 | 3:38 pm

Jamie Dimon, CEO of JPMorgan Chase, continues to express skepticism about Bitcoin's 21 million supply cap, questioning its validity at the Institute of International Finance event. Despite his criticism, JPMorgan holds shares in Grayscale Bitcoin Trust.

Portfolio Pulse from Aniket Verma

October 21, 2024 | 8:30 am

BlackRock's iShares Bitcoin Trust ETF (IBIT) attracted over $1 billion in inflows this week, leading a surge in spot Bitcoin ETFs. Fidelity's Ethereum ETF (FETH) led Ethereum ETF inflows with $31 million. The trend is driven by favorable macroeconomic conditions and growing interest in crypto assets.

Portfolio Pulse from Ivan Crnogatić

October 18, 2024 | 2:31 pm

U.S. Spot Bitcoin ETFs experienced a significant net inflow of $555.8 million on Monday, with Fidelity Wise Origin Bitcoin Fund leading the surge. This marks the highest single-day inflow since July, driven by bullish sentiment and political shifts favoring crypto.

Portfolio Pulse from Khyathi Dalal

October 15, 2024 | 1:09 pm

Bitcoin ETFs in the U.S. saw significant inflows totaling $235.19 million, with Fidelity and BlackRock leading. Despite this, Bitcoin's price dipped 1.4% to $62,457. MicroStrategy's stock surged to a six-month high amid market volatility.

Portfolio Pulse from Ivan Crnogatić

October 08, 2024 | 1:21 pm

Digital asset investment funds experienced $147 million in outflows last week, with spot Bitcoin and Ethereum ETFs seeing significant net outflows. However, iShares ETFs like the Ethereum Trust and Bitcoin Trust saw net inflows. The outflows are attributed to strong economic indicators reducing the likelihood of interest rate cuts.

Portfolio Pulse from Ivan Crnogatić

October 07, 2024 | 1:25 pm

Grayscale has launched a new investment product, the Grayscale Aave Trust, providing exposure to Aave's native token. This move is part of Grayscale's strategy to expand its range of crypto investment products. Aave is a leading decentralized lending platform on the Ethereum blockchain.

Portfolio Pulse from Murtuza Merchant

October 03, 2024 | 5:08 pm

Bitcoin ETFs saw a net inflow of $4.56 million, with significant contributions from Fidelity and BlackRock, while Grayscale experienced outflows. Ethereum ETFs faced major outflows. Analysts highlight the potential impact of Bitcoin miners and technical resistance levels on future price movements.

Portfolio Pulse from Murtuza Merchant

September 24, 2024 | 12:57 pm

Bitcoin reached a new high of $63,500, leading to a surge in pre-market activity for several Bitcoin ETFs. Grayscale Bitcoin Trust, Bitwise Bitcoin ETF, and ProShares Bitcoin Strategy ETF saw notable increases. The surge is attributed to a favorable macroeconomic backdrop and potential end of Bitcoin's correction phase.

Portfolio Pulse from Benzinga Neuro

September 23, 2024 | 10:30 am

Bitcoin and Ethereum ETFs experienced over $50 million in net outflows despite the Federal Reserve's 50 basis point rate cut. Grayscale's Bitcoin and Ethereum ETFs saw significant outflows, while BlackRock's Ethereum ETF had a net inflow. The Fed's decision led to increased optimism in the markets, with Bitcoin and Ethereum prices rising.

Portfolio Pulse from Murtuza Merchant

September 19, 2024 | 12:20 pm

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