WebApr 12, 2024 · Hong Kong-based Metalpha has thrown their hat into the ring by launching a licensed fund targeting a raise of $100 million which gives exposure to Grayscale’s digital assets. Recognizing the untapped potential of Grayscale’s products — such as the Grayscale Bitcoin Trust (GBTC) — in the crypto asset market, Metalpha’s ‘Next ... WebFind the latest Grayscale Bitcoin Trust (BTC) (GBTC) stock quote, history, news and other vital information to help you with your stock trading and investing.
Grayscale Bitcoin Trust (BTC) (GBTC) - U.S. News & World Report
WebJun 16, 2024 · The assets under management (AUM) of Grayscale are about $14 billion worth of BTC. The GBTC market price per share of $19.05 and holdings per share of $27.12 as of May 26, 2024, as stated by Grayscale. Hence, broader access to bitcoin is very much certain as GBTC has up to 700,000 investors. This is huge! WebGrayscale was the world’s largest asset manager for digital currency, as of December 2024, with more than $50 billion in assets under management. Grayscale also manages the Grayscale Bitcoin Investment Trust (OTCQX: GBTC), which was the first publicly quoted security solely invested in the price of bitcoin upon its launch in 2013. side cutter for brother sewing machine
GBTC: Everything You Need To Know About The Grayscale Bitcoin …
WebMar 20, 2024 · GBTC operates as a closed-end fund, similar to an ETF. Still, for some technical reasons, which we'll get into later, it can trade at substantial premiums or discounts to its net asset value (NAV ... WebNov 18, 2024 · For example, this means that Grayscale Bitcoin Trust (OTCQX: GBTC) holds bitcoin — and only bitcoin — and each share is backed by a proportional amount of the trust’s holdings, approximately 0.00091502 BTC per share of GBTC, as of November 18, 2024. To be perfectly clear: these digital assets are owned by GBTC and GBTC alone. WebDec 19, 2024 · Grayscale CEO Michael Sonnenshein stated in a letter to investors that should the Grayscale Bitcoin Trust fail to convert into an exchange-traded fund (ETF), potential moves could include a tender offer of 20% of the $10.7 billion trust. A tender offer would appeal to shareholders to offload their shares at a specific time, effectively ... side cutters for excavator buckets