Bitcoin has been on a roller coaster ride since the pandemic began. Despite the digital currency’s recent volatility,
Singapore’s Three Arrows Capital is first qualified investor to hold over 5% of Grayscale’s multi-billion dollar Bitcoin.
Fidelity Digital Assets to work with Wilshire Phoenix, as it plans to offer publicly traded Bitcoin (BTC) fund, pending.
6 days ago.
Demand for Grayscale's Bitcoin Trust has rocketed, which may point to massive growth of long-term “hodlers” who are adding BTC to their.
08/06/2020 · The Grayscale Bitcoin Trust has seen massive adoption rates in recent times, as it provides retail investors with a way to add Bitcoin exposure to their portfolio through a traditional brokerage account. The post Massive Grayscale Bitcoin Trust (GBTC) premium points to surge in long-term “hodlers” appeared first on CryptoSlate.
However, GBTC is now trading at a premium of over 30 percent of Bitcoin’s real price, showing just how strong the FOMO has become. Greyscale Bitcoin Trust (GBTC) is an investment vehicle for those who want to put their money towards Bitcoin (BTC) in tax-advantaged accounts.
The founder of investment firm Wilshire Phoenix, William Herrmann, said his firm’s recently filed U.S. Bitcoin fund notably.
While GBTC is a trust that only holds Bitcoin, the GBTC stock market price does not exactly match the underlying Bitcoin price. Depending on investor sentiment, its shares can trade at a premium.
The Grayscale Bitcoin Trust (GBTC) has been an indirect way for investors to get almost direct exposure to the volatility of Bitcoin without having to concern themselves about storage. This fund has been trading at a pretty high premium over the past month, this is a sign that institutions are interested in and entering the space.
It’s been a tough past few days for Bitcoin. After plunging approximately $1,000 in 24 hours, the cryptocurrency has yet to.
22 Apr 2020.
At a macro level, the Bitcoin price bottomed every time the premium of Grayscale Bitcoin Trust (GBTC) fell substantially to a local low.
The Bitcoin Investment Trust (GBTC) is the only choice for investors to trade Bitcoin on the stock market, and for this investors pay a premium.
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08/06/2020 · Massive Grayscale Bitcoin Trust (GBTC) premium points to surge in long-term “hodlers” 1 The Grayscale Bitcoin Trust has seen massive adoption rates in recent times, as it provides retail investors with a way to add Bitcoin exposure to their portfolio through a traditional brokerage account.
08/06/2020 · The Grayscale Bitcoin Trust has seen massive adoption rates in recent times, as it provides retail investors with a way to add Bitcoin exposure to their portfolio through a traditional brokerage account. This fund caters to multiple investor bases, including non-tech savvy investors who may be intimidated by cryptocurrency exchanges, investors.
The so-called crack-up boom is pushing all markets nominally higher. Bitcoin is consolidating within a bullishly ascending.