“I think all options are on the table,” said the Grayscale CEO, adding that the company has put its “full resources” into converting its flagship Bitcoin trust.
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Category: bitcoin trust
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Grayscale Investments Asks Investors to Help Convince SEC to Approve Bitcoin Spot ETF
Grayscale Investments, the world’s largest digital asset manager, has launched a campaign aimed at convincing the U.S. Securities and Exchange Commission (SEC) to approve its bitcoin spot exchange-traded fund (ETF) application. Grayscale seeks to convert its $25.7 billion bitcoin trust (GBTC) to a bitcoin spot ETF. Asset Manager Campaigns to Get Bitcoin Spot ETF Approved […]Powered by WPeMatico
Bitcoin Treasuries List Claims 59 Companies and a Handful of Countries Hold 1.49 Million BTC
304 days or roughly nine months ago, 42 companies held bitcoin on their balance sheet with an aggregate total of 1,350,073 bitcoin on March 1, 2021. Today, metrics indicate there are 59 companies, a few countries, and exchange-traded funds (ETFs) with 1,499,493 bitcoin held in treasuries. Private and Public Companies, ETFs, and Countries — Treasuries […]Powered by WPeMatico
El Salvador to build 20 ‘Bitcoin Schools’ with surplus from Bitcoin Trust
The government will use the “surplus” from its Bitcoin Trust account that currently contains 1,120 BTC.
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Grayscale Confirms Plan to Convert GBTC Into Bitcoin ETF
Grayscale Investments has confirmed its plan to file for its bitcoin trust (GBTC) to be converted into a bitcoin exchange-traded fund (ETF). “The NYSE Arca will file a document called the 19b-4 to convert GBTC into an ETF,” said Grayscale’s official. GBTC to Become Bitcoin ETF Grayscale Investments has confirmed that it will convert its […]Powered by WPeMatico
El Salvador to build $4M veterinary hospital using profits from Bitcoin trust
Salvadoran president Nayib Bukele said no Bitcoin will be sold to fund the investment, with the state instead drawing USD from its Bitcoin trust.
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Weekly roundup: Ark Invest, Edge Wealth Management, and Rothschild Investment accumulate crypto
Cathie Wood’s Ark Invest purchased more than 450,000 GBTC shares in two separate buys this week.
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Grayscale Investments Launches Defi Fund — Now Offers 15 Crypto Investment Products
Grayscale Investments has launched a decentralized finance (defi) fund. The new defi fund is the crypto asset manager’s 15th investment product and its second diversified product. “The emergence of decentralized finance protocols provide clear examples of technologies that can redefine the future of the financial services industry,” said the Grayscale CEO. Grayscale Debuts Decentralized Finance […]Powered by WPeMatico
Oldest US Bank BNY Mellon to Provide Grayscale Bitcoin Trust With Asset Servicing and ETF Services
Grayscale Investments has engaged the oldest bank in the U.S., BNY Mellon, to provide asset servicing for its bitcoin trust. The bank will also provide ETF services for the bitcoin trust upon its conversion to an exchange-traded fund (ETF). Grayscale Teams up With BNY Mellon Grayscale Investments announced Tuesday that it has selected the Bank […]Powered by WPeMatico
Cardano Joins Grayscale Digital Large Cap Fund as Third Biggest Component
Cardano has been added to Grayscale Investments’ large-cap cryptocurrency fund. It is now the third-largest component of the fund after bitcoin and ether. Grayscale Investments, the world’s largest digital currency asset manager, announced Friday the addition of cardano to its Digital Large Cap Fund (OTCQX: GDLC). Grayscale described this fund as “a passive, rules-based strategy […]Powered by WPeMatico