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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 spot ETFs have seen a 15-day streak of net inflows, with significant contributions from Grayscale, Fidelity, and Bitwise ETFs. The Wisconsin State Investment Board has added BlackRock's iShares Bitcoin Trust and Grayscale's ETF to its portfolio, indicating growing institutional interest in cryptocurrency investments.

Portfolio Pulse from Murtuza Merchant

June 04, 2024 | 10:02 am

Bernstein research suggests that the SEC's approval of spot Ethereum ETFs was not politically influenced, despite President Biden's recent veto of a bill aimed at overturning SAB 121. Analysts argue the decision was pragmatic to avoid legal conflicts, especially after Grayscale's legal victory over the SEC.

Portfolio Pulse from Murtuza Merchant

June 03, 2024 | 5:09 pm

US Bitcoin ETFs saw significant inflows last week, with a total net inflow of $170.9 million. Notable inflows were recorded by BlackRock iShares Bitcoin Trust (IBIT), Fidelity Wise Origin Bitcoin Fund (FBTC), and Bitwise’s Bitcoin ETF (BITB). Meanwhile, Grayscale Bitcoin Trust (GBTC) and Ark 21 Shares Bitcoin ETF (ARKB) experienced outflows. In Australia, Monochrome Asset Management launched the first spot Bitcoin ETF, IBTC, on the Cboe Australia exchange.

Portfolio Pulse from Murtuza Merchant

June 03, 2024 | 12:06 pm

Bitcoin spot ETFs have seen a $48.706 million inflow on May 30, marking the thirteenth consecutive day of positive net inflows. The Grayscale Bitcoin Trust (GBTC) reported no outflows, while the Fidelity Wise Origin Bitcoin Fund (FBTC) saw a $119 million inflow. Ethereum spot ETF trading is progressing, with the SEC requesting draft S-1 filings from issuers.

Portfolio Pulse from Murtuza Merchant

May 31, 2024 | 11:40 am

BlackRock's iShares Bitcoin Trust (IBIT) has overtaken Grayscale Bitcoin Trust (GBTC) as the largest Bitcoin ETF, with nearly $20 billion in assets and a lower expense ratio. This shift highlights the growing competition and mainstream acceptance of Bitcoin ETFs.

Portfolio Pulse from Surbhi Jain

May 30, 2024 | 4:27 pm

BlackRock Inc. (NYSE:BLK) has submitted an amended S-1 form for its proposed spot Ether ETF, iShares Ethereum Trust Ether ETF (ETHA). The filing disclosed that a Seed Capital Investor purchased initial shares worth $10 million. Pending regulatory approval, the ETF can be redeemed for cash or ether. This follows the SEC's recent approval of several ether ETFs, boosting bullish sentiment in the crypto market.

Portfolio Pulse from Murtuza Merchant

May 30, 2024 | 12:35 pm

Bitcoin spot ETFs have seen positive net inflows, with BlackRock's iShares Bitcoin Trust and Fidelity's Wise Origin Bitcoin Fund recording significant inflows. In contrast, Grayscale Bitcoin Trust experienced a notable outflow. Cathie Wood emphasized the political significance of cryptocurrency and ARK Invest's commitment to Bitcoin as a public good.

Portfolio Pulse from Murtuza Merchant

May 30, 2024 | 11:23 am

BlackRock's iShares Bitcoin Trust (IBIT) has become the largest Bitcoin fund globally, surpassing Grayscale Bitcoin Trust (GBTC) with nearly $20 billion in assets. The fund's success has contributed to Bitcoin's price surge and has outperformed MicroStrategy (MSTR) in Bitcoin holdings.

Portfolio Pulse from Anusuya Lahiri

May 29, 2024 | 4:27 pm

Bitcoin spot ETFs have seen record inflows of $14.9 billion year-to-date, with a notable shift in investor preference towards newer ETFs like BlackRock's iShares Bitcoin Trust and Fidelity's Wise Origin Bitcoin Fund. Grayscale's Bitcoin Trust experienced significant outflows.

Portfolio Pulse from Murtuza Merchant

May 29, 2024 | 11:17 am

The SEC has approved applications to list eight U.S. Ethereum spot ETFs, signaling a significant shift in regulatory sentiment. Trading is expected to begin well ahead of November 2024. However, the debate around staking ETH for ETF shareholders remains unresolved. Ethereum-tracking funds and popular Bitcoin ETFs could see increased attention.

Portfolio Pulse from Surbhi Jain

May 24, 2024 | 12:55 pm

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