GBTC

Grayscale Bitcoin Trust rebounds with a 5% surge amid new investment inflows

May 7, 2024 1 min read

The Grayscale Bitcoin Trust (GBTC) had its first increase in fund value since January, with a 5% boost in pre-market trading. Following its conversion into an Exchange-Traded Fund (ETF) on January 10, GBTC experienced a decline in its market share as a result of withdrawals amounting to $17.46 billion. The resurgence of GBTC, amounting to $63 million, may be attributed to the positive trajectory of the cryptocurrency markets. In early

Bitget lists Green Bitcoin (GBTC) on Spot via WEB3 Innovation Zone

April 26, 2024 2 mins read

Victoria, Seychelles, April 26th, 2024 Bitget, the world’s leading cryptocurrency exchange and Web3 company, has listed Green Bitcoin-based GBTC coin on its spot with massive rewards. This new addition is a part of Bitget’s continuous effort to broaden its trading ecosystem by integrating high potential low cap projects. Deposit and trading for GBTC are currently available, withdrawals will open shortly. Users can now trade GBTC via the GBTC/USDT trading pair link provided on

Over $2 billion in shares of Grayscale Bitcoin Trust (GBTC) have been sold since its conversion to an ETF

January 23, 2024 1 min read

Investors have sold over $2 billion in shares of Grayscale Bitcoin Trust (GBTC) since its conversion to an exchange-traded fund (ETF). Concurrently, FTX’s bankruptcy estate completed a large sale of 22 million shares, accounting for a significant portion of the $2 billion in sales. GBTC has nearly $30 billion in assets after a decade of operations. However, its conversion to an ETF marked a watershed moment, resulting in increased competition

Grayscale Bitcoin Trust (GBTC) Sees Over $2 Billion Outflows in Just 5 Days Amid ETF Landscape Shift

January 22, 2024 1 min read

According to recent data, Grayscale Bitcoin Trust (GBTC) has experienced outflows totaling over $2 billion in five trading days. Bloomberg ETF analyst Eric Balchunas reported the news, highlighting a significant shift in investor sentiment toward spot Bitcoin exchange-traded funds (ETFs). Furthermore, Grayscale Investments CEO Michael Sonnenshein said he was not surprised by the GBTC outflows. In an interview with Bloomberg, he emphasized that the company is more concerned with trading