GBTC premium – DIGIT INFO

GBTC premium matches Bitcoin price crash levels as unlocking fear fades

DIGIT — Tue, 27 Jul 2021 12:09:48 +0000

Funds are flowing back into GBTC, data suggests, as CEO Sonnenshein reiterates plans to turn Grayscale crypto funds into ETFs.

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Is Bitcoin in danger of losing $30K with Grayscale’s big GBTC unlocking in two weeks?

DIGIT — Sat, 03 Jul 2021 09:00:00 +0000

Bitcoin prices remain under pressure in the $30,000-$40,000 zone as traders brace for the 16,000 BTC worth of GBTC shares unlocking in July.

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Why is Wall Street becoming less interested in Grayscale’s Bitcoin Trust?

DIGIT — Thu, 03 Jun 2021 11:18:41 +0000

BTC demand via Grayscale Bitcoin Trust is dropping for several key reasons.

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Bytetree Founder Believes Grayscale Should Lower Its ‘Unrealistically High’ Fee: Warns of Possible ‘Systemic Risk’

DIGIT — Sun, 21 Mar 2021 04:30:38 +0000

The founder of Bytetree Asset Management, Charlie Morris, has suggested the reduction of the GBTC management fee as one way Grayscale Investment can ease the current selling pressure and possibly reduce the discount on the shares. Morris says if no action is taken, “the selling pressure will build” and “could morph into a systemic risk.” […]

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Peter Schiff Claims Grayscale Will Sell BTC to Fund DCG’s Acquisition of GBTC Shares Rebuffed

DIGIT — Fri, 12 Mar 2021 18:00:55 +0000

Gold bug and bitcoin opponent, Peter Schiff has alleged that the Digital Currency Group (DCG)’s plan to acquire GBTC shares worth $250 million could be an indication that Grayscale Investment will be reducing the value of its AUM. In addition, Schiff claims in his tweet that “Grayscale will be selling bitcoin to help raise the […]

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Dropping GBTC Premium: Anonymous Group Claims Blockfi Facing Solvency Issues Due to Exposure to the BTC Trust

DIGIT — Fri, 12 Mar 2021 13:46:32 +0000

An anonymous group has claimed that Blockfi, which has an estimated $1.8 billion in customer assets invested in Grayscale Investment’s GBTC, is facing potential insolvency issues associated with the negative premium on the GBTC shares. Using the negative premium of minus 7.89% on the GBTC shares to illustrate the extent of the problem, the anonymous […]

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Discount on Grayscale’s GBTC Plunges to New Record Low as Competition From Emerging Rivals Intensifies

DIGIT — Sun, 07 Mar 2021 12:00:05 +0000

The premium on Grayscale Investment’s GBTC, which turned negative for the first time on February 23, is continuing its downward slide. As the latest Glassnode data shows, the GBTC was trading at a record low discount of -11.92% on March 4, 2021. According to the same data, this new low is a significant reversal from ... Read more