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Grayscale GBTC discount falls to 16% as markets bet on Bitcoin ETF approval
16.10.2023
Some analysts say GBTC’s discount is narrowing because investors are pricing in the SEC’s approval on several pending spot Bitcoin ETF applications
Grayscale’s Bitcoin Trust Discount to NAV Narrows Sharply to a 16.59% Gap
13.10.2023
Grayscale’s Bitcoin Trust, known as GBTC, has witnessed a significant shift in its market dynamics. In January 2023, GBTC traded at a significant 48.31% discount to its net asset value (NAV). Today, that gap has narrowed to 16.59%, indicating changes in market sentiment and presenting...
Valkyrie Reveals Intention to Sponsor Grayscale’s Bitcoin Trust as GBTC Discount to NAV Widens
1.1.2023
Valkyrie Investments, a Tennessee-based asset manager, has announced its intention to become the new sponsor of Grayscale’s Bitcoin Trust (GBTC). The company states that it is “uniquely qualified” for the role and plans to facilitate redemptions at net asset value (NAV) through...
GBTC Holder Says Not Enough Being Done to Eliminate Discount on Shares— Proposes an Alternative Solution
9.4.2021
A privately-held investment firm from Chicago, Marlton Partners, has urged Grayscale Investments to embrace the modified Dutch auction tender offer for GBTC shares. According to Marlton, such a tender offer “would materially narrow — if not eliminate — the discount to net asset...
Peter Schiff Claims Grayscale Will Sell BTC to Fund DCG’s Acquisition of GBTC Shares Rebuffed
12.3.2021
Gold bug and bitcoin opponent, Peter Schiff has alleged that the Digital Currency Group (DCG)’s plan to acquire GBTC shares worth $250 million could be an indication that Grayscale Investment will be reducing the value of its AUM. In addition, Schiff claims in his tweet that “Grayscale...
Peter Schiff Lays Into Grayscale and CNBC, Claims Conspiracy to Pump BTC Value
3.12.2020
Euro Pacific Capital CEO Peter Schiff is now training his guns on Grayscale Trust’s GBTC after the validation of his regular anti-bitcoin rhetoric was cut short by a resurgent crypto market. After rapidly falling to around $16,500 on November 26, BTC quickly recovered before it went on to...
Guggenheim Investment Fund to Invest $497 Million in Grayscale’s GBTC Seeking Bitcoin Exposure
30.11.2020
Guggenheim’s billion-dollar Marco Opportunities Fund (MOF) may seek indirect exposure to BTC through the investment of 10% of its net asset value into Grayscale’s BTC Trust (GBTC). The investment (when complete) means MOF will have committed as much as $497 million into the GBTC. In...