Grayscale Bitcoin Trust (GBTC) discount widened to a record high near 50%, while Ethereum devs target March 2023 for the release of staked ether. Top assets in the crypto market gained Thursday, with BTC rallying to $17,200. _jocelynyang_ reports
to bitcoin through a traditional investment vehicle. GBTC was trading at a discount rate of 47.3%, according to data from crypto index provider TradeBlock.
“The fact that Grayscale’s Bitcoin Trust is now trading at nearly 50% discount is just awful for holders of GBTC. It really highlights thebetween different investment vehicles,” Bradley Duke, co-CEO at ETC Group, said in a note to CoinDesk.over the last few weeks as fears surfaced that crypto trading firm Genesis Global Trading, which is owned by Grayscale’s parent company, Digital Currency Group , could file for bankruptcy. DCG is also CoinDesk's parent company.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fir Tree fund sues Grayscale in effort to force changes to Bitcoin TrustFir Tree Capital Management is suing the firm behind the $10.7 billion Grayscale Bitcoin Trust, alleging that investors have been “harmed by Grayscale’s shareholder-unfriendly actions.”
Read more »
Bitcoin Slips Below $17K Amid Rate Hike ConcernsEaglebrook Advisors Vice President of Research Joe Orsini discusses his outlook for bitcoin as it dips slightly below the $17,000 level, amid interest rate hike concerns and continued fallout from crypto exchange FTX. Plus, his take on Grayscale Bitcoin Trust (GBTC) selling at close to a record 43% discount to the price of the underlying bitcoin in the trust. Grayscale and CoinDesk are both owned by Digital Currency Group.
Read more »
Grayscale Bitcoin Trust Discount Widens to Record High Near 50%The Grayscale Bitcoin Trust was trading at a discount rate of 47.3%, according to data from TradeBlock. GBTC is a way for investors to gain exposure to bitcoin through a traditional investment vehicle. ledesmalyllah reports
Read more »
GBTC 'elevator to hell' sees Bitcoin spot price approach 100% premiumThe GBTC 'premium' is lower than ever, but it may not be all bearish for Bitcoin.
Read more »
Strike Launches Bitcoin Lightning Network-Enabled Money Transfers to Africa – Fintech Bitcoin NewsThe statement said the use of the Lightning Network’s rails makes the transfer of funds to any of the initially covered countries an almost costless exercise. payments bitnob
Read more »
Bitcoin․com Completes VERSE $50M Token Sale, Launches Token on Verse DEX – Press release Bitcoin NewsBitcoin.com, a digital ecosystem and secure self-custody platform where users can safely and easily interact with cryptocurrencies and digital assets,
Read more »