Morgan Stanley equity fund owns 28.2K shares of Grayscale Bitcoin Trust, per SEC
The investment bank reported owning a significant stake in GBTC as of April 30, according to a recent filing with the SEC. Go to Source Powered by WPeMatico
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Cathie Wood Bought the Dip: Ark Invest Purchases One Million GBTC Shares
Cathie Wood, the founder of Ark Invest, bought the dip this Tuesday when Bitcoin prices tumbled below $30K. According to reports, Ark acquired more than one million shares of the Grayscale Bitcoin Fund. The company also bought more Coinbase shares. Wood has a positive stance on crypto and keeps predicting Bitcoin will reach a long-term … Read more
Institutional selling of crypto reaches longest streak since Feb 2018
CoinShares’ weekly report showed another large outflow from digital asset products, with much of the selloff concentrated in Bitcoin funds. Go to Source Powered by WPeMatico
Grayscale Considering 31 Crypto Assets for Investment Products
Grayscale Investments is considering 31 crypto assets to add to its family of investment products. The company, with $32.9 billion in crypto assets under management, currently offers investments in 13 cryptocurrencies. Grayscale Investments announced Friday 13 additional crypto assets it is considering for investment products. These cryptocurrencies add to the initial list of coins the … Read more
Bitcoin sell pressure may hit zero in July thanks to Grayscale’s giant 16K BTC unlocking
The biggest single unlocking day will flush sellers from the market in July, opening up both volatility and bullish potential. Go to Source Powered by WPeMatico
Bitcoin sell-off likely played a key role in boosting Gold’s appeal
Investors’ appetite for gold increased as they assessed higher inflation and a major price crash in the Bitcoin market. Go to Source Powered by WPeMatico
GBTC premium stays negative, suggests Bitcoin price sentiment still low?
GBTC premium stays negative for over three months as its holdings decline gradually, while BTC price struggles around the $37,000 mark. Go to Source Powered by WPeMatico
Why is Wall Street becoming less interested in Grayscale’s Bitcoin Trust?
BTC demand via Grayscale Bitcoin Trust is dropping for several key reasons. Go to Source Powered by WPeMatico
Grayscale Fund Touts ETF Conversion as Price Discount Issue Solution
Grayscale, one of the largest cryptocurrency fund managers, has declared it is trying to morph the bitcoin trust GBTC into an exchange-traded fund (ETF) to solve its price woes. The exchange rate is now at a 20% price discount compared to its bitcoin holdings, a fact that has many worried about the overall sustainability of … Read more
Grayscale’s diversified crypto fund files to become SEC reporting company
Grayscale Investments has filed to make its $630 million diversified large-cap crypto fund an SEC reporting company. Go to Source Powered by WPeMatico
