Does Grayscale have enough GBTC to sell bitcoin into March?
Grayscale has over 530,000 bitcoin and could theoretically keep selling into mid-March, but as a passive ETF manager, that's highly unlikely.
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Grayscale has over 530,000 bitcoin and could theoretically keep selling into mid-March, but as a passive ETF manager, that's highly unlikely.
Read more (3 min) →Grayscale must ensure that GBTC’s share price tracks bitcoin's price. This requires selling and buying bitcoin every day.
In two days of trading last week, the new SEC-approved spot bitcoin ETFs attracted approximately $819 million of net new cash inflows.
Grayscale has won a victory in its case against the SEC, with the judge ruling previous denials of GBTC ETF conversion were "arbitrary."
Is bitcoin a rich man's casino? Comparing price action with moves by major players seems to confirm they can indeed shift the bitcoin market.
BlockFi says it no longer invests in GBTC as a corporation at all and is merely working on settling some loans that used GBTC as collateral.
Three Arrows was also one of the major investors in Grayscale Bitcoin Trust, last year disclosing ownership of more than 38 million shares.
Wall Street's Morgan Stanley just can't stop buying Grayscale Bitcoin Trust as it awaits potential conversion to a spot exchange-traded fund.
While Ukraine defends against Russia, Grayscale mapped markets during five previous conflicts to see if invasions equal profits.