It’s like the GBTC premium, but in Chinese silver
Similar to how BTC traders once paid a premium for GBTC, Chinese traders are paying 60% above silver holdings for a Shenzen fund.
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Similar to how BTC traders once paid a premium for GBTC, Chinese traders are paying 60% above silver holdings for a Shenzen fund.
Read more (3 min) →After adding billions of dollars in funds this month, bitcoin ETFs ended 10 days of consecutive inflows on Monday.
Barry Silbert's DCG has asked the court to throw out Genesis' bankruptcy plan, which hands out more cash to a select group of creditors.
Grayscale has over 530,000 bitcoin and could theoretically keep selling into mid-March, but as a passive ETF manager, that's highly unlikely.
A report claims that debtors-in-possession of FTX and Alameda Research have sold all its GBTC in the ongoing bankruptcy.
Buying MSTR appears to earn you 98% value in MicroStrategy’s bitcoin, but when including Class B shares and convertibles, it's less than 85%.
Grayscale must ensure that GBTC’s share price tracks bitcoin's price. This requires selling and buying bitcoin every day.
Silbert is under fire after $580 million in outflows from Grayscale's Bitcoin Trust (GBTC) last week was blamed for a dip in bitcoin’s price.
Grayscale has won a victory in its case against the SEC, with the judge ruling previous denials of GBTC ETF conversion were "arbitrary."
Usually trading way above bitcoin's spot price since 2015, Grayscale's Bitcoin Trust is currently at a -35% discount to its Net Asset Value.