Digital Currency Group to Put up to $250M Into Grayscale’s Bitcoin Trust
The blockchain investment firm said it will buy the GBTC shares on the open market. Cryptocurrency and blockchain-focused investment firm Digital Currency Group (DCG) is…
Tag: Grayscale
Grayscale Discount Might Signal Start of Fresh Bitcoin Rally, Bloomberg’s McGlone Says
Bloomberg Intelligence analyst Mike McGlone, who correctly predicted bitcoin (BTC, -2.65%)‘s ascent this year to a price above $50,000, says recent market indicators suggest $100,000 could be…
Cathie Wood Says Bitcoin Has Trillions in Market Cap Potential
Cathie Wood says Bitcoin is in “early days” given its new interest from institutions and its diverse use cases. Speaking as part of a panel…
BlockFi’s Bitcoin Trust Takes Aim at GBTC
The fund charges a 1.75% management fee and offers custody from Fidelity Digital Asset Services. Crypto lender BlockFi has launched its bitcoin trust with an…
Bitcoin Struggles to Recover After Biggest Weekly Price Loss Since September
Bitcoin is up only slightly on Monday after seeing its biggest weekly decline in over four months. At press time, the cryptocurrency is trading 0.2%…
A Slowing of Grayscale Bitcoin Fund Inflows Could Prompt Price Correction: JPMorgan
JPMorgan strategists have said the odds of a bitcoin correction would rise if flows into the Grayscale Bitcoin Trust slow down dramatically. Such a drop…
Bitcoin Still on Track to Breach $20K in Coming Weeks: Analysts
Bitcoin’s revived uptrend could soon lead to a much-anticipated breakout above the $20,000 mark, according to several analysts. “We have witnessed a large move up…
Bitcoin’s Rising Popularity With Investors Means Gold Will ‘Suffer’: JPMorgan
Gold could lose its shine in the long run due to institutional investors’ increased preference for bitcoin, according to the investment banking giant JPMorgan. “The…
Bitcoin Price Could Hit $50K in 2021, Bloomberg Analysts Say
The path of least resistance for bitcoin is on the higher side, and the cryptocurrency could more than double from its current value in 2021,…
Guggenheim Fund Files to Be Able to Invest Up to Almost $500M in Bitcoin Through GBTC
Guggenheim Funds Trust filed an amendment with the U.S. Securities and Exchange Commission to allow its $5 billion Macro Opportunities Fund gain exposure to bitcoin…