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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 saw mixed inflows and outflows, with Fidelity's ETF gaining $28.59 million and Grayscale's losing $22.76 million. Bitcoin remains in bearish territory below $61,100. Ethereum ETFs continued outflows, led by Grayscale's $22.64 million outflow. Market uncertainty is high, with potential catalysts like the Harris-Trump debate and CPI data announcement.

Portfolio Pulse from Murtuza Merchant

September 10, 2024 | 1:28 pm

Bitcoin is nearing $55,000, but experts warn of a potential drop below $50,000 due to market indicators and significant outflows from Bitcoin and Ethereum ETFs. Notable outflows include Fidelity Wise Origin Bitcoin Fund and Grayscale Bitcoin Trust. Broader economic factors and on-chain data suggest a challenging market ahead.

Portfolio Pulse from Murtuza Merchant

September 06, 2024 | 1:52 pm

The crypto market is facing potential volatility as Bitcoin and Ethereum spot ETFs experience significant outflows. Grayscale Bitcoin Trust and Grayscale Ethereum Trust lead the outflows, while Bitwise Bitcoin ETF sees inflows. Analysts warn of downside risks and macroeconomic concerns.

Portfolio Pulse from Murtuza Merchant

September 05, 2024 | 12:23 pm

Bitcoin and Ethereum spot ETFs experienced significant outflows, with Grayscale Bitcoin Trust leading the withdrawals. In contrast, the Ark Invest and 21Shares ETF saw inflows. This reflects ongoing uncertainty in the cryptocurrency markets.

Portfolio Pulse from Murtuza Merchant

August 30, 2024 | 12:06 pm

Bitcoin has surged to $61,000, with experts analyzing pre-election patterns and ETF flows. Ethereum also saw gains, with notable inflows into Ethereum spot ETFs. In contrast, Bitcoin spot ETFs experienced significant outflows. Analysts highlight historical election-related price patterns for Bitcoin.

Portfolio Pulse from Murtuza Merchant

August 29, 2024 | 4:01 pm

Bitcoin spot ETFs saw a significant outflow of $127.05 million, while Ethereum ETFs had a smaller outflow of $3.4452 million. Grayscale's GBTC and ARKB experienced notable outflows, while Fidelity's FETH and Bitwise's ETHW saw inflows. Bitcoin dropped 4% below $60,000, and Ethereum fell 3.5% to $2,520. Despite short-term volatility, there is a bullish outlook due to anticipated Federal Reserve rate cuts.

Portfolio Pulse from Murtuza Merchant

August 28, 2024 | 1:20 pm

A report by New World Wealth and Henley & Partners highlights a significant increase in cryptocurrency wealth, with Bitcoin leading the surge. The number of Bitcoin millionaires rose by 111% over the past year. The introduction of crypto ETFs like Fidelity Wise Origin Bitcoin Fund, iShares Bitcoin Trust ETF, and Grayscale Bitcoin Trust ETF has driven institutional capital influx. MicroStrategy's co-founder, Michael Saylor, remains a strong Bitcoin advocate.

Portfolio Pulse from Benzinga Neuro

August 28, 2024 | 9:09 am

Bitcoin ETFs saw significant inflows last week, with BlackRock and Fidelity leading the charge, while Grayscale experienced outflows. This surge is linked to potential interest rate cuts hinted by Fed Chairman Powell. Ethereum ETFs faced outflows, but new products still attracted substantial investments.

Portfolio Pulse from Murtuza Merchant

August 26, 2024 | 12:05 pm

Bitcoin ETFs have seen six consecutive days of inflows, while Ethereum ETFs face outflows, ahead of a key speech by Fed Chair Jerome Powell. BlackRock and Fidelity's Bitcoin ETFs are performing well, while Grayscale's Bitcoin and Ethereum ETFs are experiencing outflows. The market anticipates potential impacts from Powell's speech on crypto investments.

Portfolio Pulse from Murtuza Merchant

August 23, 2024 | 12:29 pm

Bitcoin's price surged above $61,000 as Bitcoin spot ETFs recorded significant inflows, led by Grayscale's mini ETF and Fidelity's ETF. Despite mixed sentiment in Grayscale's flagship ETF, the overall trend is positive. Ethereum ETFs faced outflows, but Ethereum's price still rose. The market is buoyed by a dovish Fed stance, with attention on upcoming Fed Chair Powell's speech.

Portfolio Pulse from Murtuza Merchant

August 22, 2024 | 12:32 pm

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