‘Grayscale Discount’ Sinks to Lowest in 18 Months on Bets for GBTC Conversion to Bitcoin ETF
Data shows the discount fell to as low as 5.6% on Monday, reaching a level previously seen in June 2021.
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Grayscale Setting Up for Bitcoin ETF Race by Hiring Industry Veteran from Invesco
Crypto asset manager Grayscale has hired former Invesco Head of Americas John Hoffman to lead its distribution and partnerships team, six weeks before a decision is set to come out on whether the company will be allowed to launch a spot bitcoin [BTC] exchange-traded-fund (ETF).
Grayscale Gears Up for Spot Bitcoin ETF, Updating Trust Agreement for Sake of ‘Operational Efficiencies’
The changes involve the fee structure, and how assets can be custodies for smoother share creation and redemptions
ARK Snaps Up $9.5M HOOD Shares Day After Robinhood Announces European Expansion
The fund continues to sell GBTC as shares have rallied 235% this year, outperforming bitcoin and traditional risk assets.
U.S. SEC Said to Open Talks with Grayscale on Spot Bitcoin ETF Push
The U.S. Securities and Exchange Commission (SEC) has opened talks with Grayscale Investments on the details of the company’s application to convert its trust product GBTC to a bitcoin spot exchange traded product (ETF), according to a person familiar with the back-and-forth, which could have momentous implications for the crypto industry.
Gemini Sues Bankrupt Lender Genesis, Its Former Partner, Over $1.6B Worth of GBTC
Cryptocurrency exchange Gemini has sued lending firm Genesis Global over 60 million GBTC shares that were pledged as collateral for Gemini’s Earn users.
What Happens to GBTC Discount When FTX Sells its Holdings?
It’s possible the SEC could approve a spot ETF before any sales, taking discount worries off the table.
Grayscale Bitcoin Trust Outshines Nvidia With 220% Gain This Year
“GBTC is the gift that keeps giving,” one observer said.
Cathie Wood’s ARK Sells Grayscale Bitcoin Trust Holdings, Coinbase for Second Day
Cathie Wood’s fund is continuing to sell crypto-related stocks as the market hits a high not seen since early 2022.
Grayscale Partners With FTSE Russell for New Crypto Indexes Business
U.S. crypto asset manager Grayscale Investments has entered into a partnership with FTSE Russell – the index division of London Stock Exchange parent LSE Group – to create a new crypto indexes business.