Tags : Grayscale

Bitcoin

Legacy US bank increases Bitcoin exposure via Grayscale Bitcoin Trust

A division of Chicago’s First Midwest Bank increased its Bitcoin exposure last month, a filing with the US Securities and Exchange Commission showed.  BTC institutional watch: In an SEC filing today, First Midwest Bank Trust Division, based in Joliet, Illinois, reported holding 29,498 shares of Grayscale Bitcoin Trust as of June 30. Previously, it reported […]Read More

Bitcoin

Grayscale becomes ‘crypto sponsor’ of American football team New York

Crypto investments behemoth Grayscale and the National Football League team New York Giants have partnered up and are committing to “support the New York metro area,” according to an announcement published today. “Our partnership with the Giants is incredibly meaningful because our roots are in New York,” said Grayscale CEO Michael Sonnenshein, adding, “We’re excited […]Read More

Bitcoin

Grayscale Bitcoin Trust to Convert to an ETF, Premium Remains

Earlier this Monday, Grayscale Investments announced its plans to transform Grayscale Bitcoin Trust (GBTC) into an exchange-traded fund. Up until recently, GBTC was one of the only investment funds for institutions and retail investors alike. Amidst growing competition, however, the fund’s high management fees and stringent lock-up periods lost favor with many investors. Since February, […]Read More

Bitcoin

GrayScale Bitcoin Trust (GBTC) Premium Sinks To All-Time Lows

Since trading at a negative for nearly 2 months, GrayScale Bitcoin Trust (GBTC) premium plummeted to -14.21% this morning. Historically, GBTC has traded at a high premium relative to the underlying Bitcoin, commanding an average of 15.02% premium since the fund’s inception. But as competition grows and firms create cheaper, more accurate financial products, GBTC’s […]Read More

Litecoin

Grayscale adds 174k LTC to its Litecoin Trust

New York-based cryptocurrency asset managers Grayscale bought over 174,000 Litecoin over the past month. This is the equivalent of 80% of all mined LTC in February. In the past month @Grayscale Trust has purchased over 174,000 Litecoin. This is approx 80% of all Litecoin mined last month… pic.twitter.com/5RmDARZ3dy — litecoin (@litecoin) March 1, 2021 As […]Read More