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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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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

Jamie Dimon, CEO of JPMorgan Chase, emphasized the bank's significant use of blockchain technology while maintaining skepticism towards cryptocurrencies, calling them a 'pet rock.' JPMorgan's blockchain network, Onyx, has processed over $700 billion in transactions. Despite Dimon's criticism of Bitcoin, JPMorgan has investments in Bitcoin-related ETFs like the Grayscale Bitcoin Trust.

Portfolio Pulse from Benzinga Neuro

September 18, 2024 | 8:18 am

Bitcoin spot ETFs have seen a net inflow of $39.02 million, with Ark & 21Shares and Fidelity leading the charge. In contrast, Grayscale's Bitcoin and Ethereum ETFs experienced outflows. The market is sensitive to macroeconomic data and political developments, with potential sideways trends until the election.

Portfolio Pulse from Murtuza Merchant

September 13, 2024 | 11:24 am

Standard Chartered predicts Bitcoin could reach $125K if Trump wins the 2024 election, or $75K under Kamala Harris. Regulatory progress and a steepening U.S. Treasury curve are seen as positive for Bitcoin. Bitcoin and Ethereum ETFs show mixed fund flows, with notable outflows from Ark & 21Shares and Grayscale, but inflows for Fidelity.

Portfolio Pulse from Murtuza Merchant

September 12, 2024 | 2:28 pm

Grayscale Investments has launched the Grayscale XRP Trust, providing investors with exposure to XRP, a digital asset. This move expands Grayscale's portfolio of cryptocurrency investment products.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 1:02 pm

JPMorgan CEO Jamie Dimon, known for his past criticism of Bitcoin, has seen his stance soften as the bank now holds positions in Bitcoin-related ETFs. Despite previously calling Bitcoin a 'fraud,' JPMorgan has invested in Grayscale Bitcoin Trust and liquidated its iShares Bitcoin Trust ETF holdings.

Portfolio Pulse from Aniket Verma

September 12, 2024 | 10:11 am

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