Grayscale’s Bitcoin Trust now holds more than 500,000 Bitcoin, surpassing $8.3 billion in value.
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Grayscale Trust sees largest-ever weekly inflow, nears 500K BTC in total
Grayscale is on track to control 5% of the entire Bitcoin circulating supply by the end of 2021 with a record $215 million inflow last week.
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Visual Interpretation of Bitcoin’s Supply Shows the Digital Asset’s Unique Scarcity
The Bitcoin network has recently crossed over the 18.5 million mark, as far as the number of bitcoins currently minted into circulation. However, even though over 18 million coins have been minted to-date there’s a number of different elements that affect the distribution of all the coins in existence. Elements that affect bitcoin distribution include […]
The post Visual Interpretation of Bitcoin’s Supply Shows the Digital Asset’s Unique Scarcity appeared first on Bitcoin News.
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$4.6 Billion Under Management: Grayscale Purchased Over $100M Worth of Bitcoins Last Week
This week cryptocurrency proponents discussed the firm Grayscale Investments, as the firm purchased 9,702 bitcoins (over $110 million) in the past five days. The news follows Grayscale informing the U.S. Securities and Exchange Commission (SEC) that the Bitcoin Trust (GBTC) grew over $1.6 billion in 2020. Last Friday, Grayscale Investments filed a quarterly report with […]
The post $4.6 Billion Under Management: Grayscale Purchased Over $100M Worth of Bitcoins Last Week appeared first on Bitcoin News.
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Grayscale Investments’ Ethereum Trust Filed With the SEC to Obtain Reporting Status
The digital currency asset manager Grayscale told investors on Thursday that the firm has publicly filed a Registration Statement on Form 10 with the Securities and Exchange Commission (SEC) for the company’s Ethereum Trust. The recent filing is voluntary and if the SEC approves the registration, the Ethereum Trust will be the second crypto asset […]
The post Grayscale Investments’ Ethereum Trust Filed With the SEC to Obtain Reporting Status appeared first on Bitcoin News.
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With $1.5 Billion Under Management Grayscale Bitcoin Trust Slides 30%
Prior to the market carnage on March 12, the Grayscale Bitcoin Trust (GBTC) had acquired over 300,000 BTC. Grayscale’s trust has been one of the longest-running FINRA approved investment vehicles with bitcoin assets under management. On Feb. 5, GBTC shares climbed more than 10% that week and investors were also paying a 20-30% premium. Since […]
The post With $1.5 Billion Under Management Grayscale Bitcoin Trust Slides 30% appeared first on Bitcoin News.
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Bitcoin Trust GBTC Shares Spike Despite 30% Premium
Bitcoin and cryptocurrency prices have seen significant gains as the entire cryptoconomy is up more than 40% since mid-December. Grayscale’s Bitcoin Trust (GBTC) has also seen an uptick and shares have climbed 9% this week. The news follows the asset manager’s recent registration as a reporting company with the Securities and Exchange Commission (SEC) and […]
The post Bitcoin Trust GBTC Shares Spike Despite 30% Premium appeared first on Bitcoin News.
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Market Update: Despite Uncertainty, BTC Longs Skyrocket
Digital currency prices have slumped again as the entire crypto market capitalization has dropped below $200 billion. At press time, most of the top digital assets are down a few percentages after gathering some gains over the last few days. With multiple coins getting rejected after trying to surpass upper resistance, skeptics think crypto prices […]
The post Market Update: Despite Uncertainty, BTC Longs Skyrocket appeared first on Bitcoin News.
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Bitcoin ETF: How SEC Exemptions Help Firms Offer Interim Products
There are several exemptions the U.S. Securities and Exchange Commission (SEC) offers that allow companies to launch their bitcoin investment products without registration. While waiting for the SEC to approve their bitcoin ETF, some firms have taken advantage of these exemptions to offer an interim product. Also read: Indian Government’s New Report Views Crypto Positively […]
The post Bitcoin ETF: How SEC Exemptions Help Firms Offer Interim Products appeared first on Bitcoin News.
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Craig Wright Ordered to Produce a List of Early Bitcoin Addresses in Kleiman Lawsuit
On April 28, the high profile Kleiman v. Wright lawsuit heated up when the plaintiffs alleged Craig Wright submitted forged evidence before the court. Following the recent response against Wright’s motion to dismiss the case, the plaintiffs also filed an order which demands a list of Wright’s public bitcoin addresses as of Dec. 31, 2013. […]
The post Craig Wright Ordered to Produce a List of Early Bitcoin Addresses in Kleiman Lawsuit appeared first on Bitcoin News.
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