The Grayscale Bitcoin Trust  (GBTC 3.88%) has become a regular in headlines over the last few weeks. The Trust recently hit a new record low discount compared to the price of Bitcoin  (BTC -0.33%) as a result of contagion stemming from one of the largest crypto exchanges, FTX, declaring bankruptcy.  With GBTC trading at a discount, investors might be looking at that as an opportunity. Famous investor Cathie Wood did. Her firm, Ark Invest, recently bought another $1.4 million to bring its t ...read more

Marco Bello Two new fears directly related to the FTX collapse are extending the discount to NAV of the Grayscale Bitcoin Trust (OTC:GBTC). These fears have exacerbated basic price declines from the ongoing correction in Bitcoin (BTC-USD) as well as declines related to the Trust's regulatory setback this past summer. But much maligned Cathie Wood is maintaining her conviction in the blockchain thesis and the Trust; Ark Invest has tactically added about 450,000 shares of the Trust to ...read more

Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28. Lyllah Ledesma is a CoinDesk Markets reporter currently based in Europe. She holds bitcoin, ether and small amounts of other crypto assets. Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28. Shares of the world’s largest bitcoin fund, Grayscale Bitcoin Trust (GBTC), hit a record-high disco ...read more

Fir Tree Capital Management has filed a lawsuit against Grayscale Investments demanding information that could be used to force changes to the way it runs its flagship Bitcoin Trust.  According to Bloomberg, a Dec. 6 complaint was filed against Grayscale at the Delaware Court of Chancery and sought to have Grayscale lower its fees, start redemptions and hand over documents relating to its relationship with the Digital Currency Group. The hedge fund also wants to stop Grayscale’s efforts in ...read more

Key Takeaways Grayscale is the largest Bitcoin fund in the world Discount to underlying asset (Bitcoin) has reached record levels, breaching 50% Concern about reserves, higher fees and other hurdles explain the discount, which likely won’t close anytime soon The discount to net asset value of the Grayscale Bitcoin trust is at all-time highs. The discount briefly pushed past 50%, before pulling back slightly to where it currently sits at 48.8%.   This comes off the back of the ...read more

Crypto asset management giant Grayscale is reportedly considering selling some of its capital back to investors if the firm’s plans for exchange-traded funds (ETFs) don’t work out. According to a new Wall Street Journal report, Grayscale may explore alternative pathways to returning some of the Grayscale Bitcoin Trust’s (GBTC) capital to shareholders should the company’s plans for a BTC-backed ETF fall through. According to a letter sent to investors from Grayscale Chief Executive Mich ...read more

Los fondos de cobertura con sede en Nueva York quieren que Grayscale facilite información sobre su fondo insignia de bitcoin que podría revelar una posible mala gestión. 334 Vistas totales 66 Número total de compartidos Fir Tree Capital Management ha presentado una demanda contra Grayscale Investments exigiendo información que podría utilizarse para forzar cambios en la forma en que gestiona su buque insignia Bitcoin Trust.  Según Blo ...read more

Grayscale Bitcoin Trust (GBTC) se vende con un descuento del 48,62%, lo que preocupa a los inversores y analistas. Creen que una liquidación podría ser inminente ya que DCG también enfrenta problemas financieros. La comunidad cripto está viendo su ansiedad avivada ya que el GBTC de Grayscale tiene casi 50% de descuento. A partir del 9 de diciembre, su descuento GBTC o prima respecto al NAV es del 48,62 %. Las acciones de GBTC cotizan a 8,03 dólares. ¿Podría el descuento de GBTC de ...read more

With the Grayscale Bitcoin Trust (GBTC) hitting deeper discounts by the day, the firm's CEO is now weighing new options for how to shore up investors should the trust fail to get converted into a Bitcoin ETF. Grayscale's flagship offering gives more traditional investors an easy way to gain exposure to Bitcoin without needing to buy or hold Bitcoin themselves. In June, Grayscale filed a lawsuit against the SEC after the regulator again rejected the firm's spot Bitcoin ETF application. "If we ar ...read more

Vertigo3d/iStock via Getty Images Core Scientific (NASDAQ:CORZ ) stock plunged 27% in Wednesday premarket trading after the bitcoin (BTC-USD) miner filed for Chapter 11 bankruptcy in Texas as the market downturn lingers. The company, one of the largest publicly-traded producers of bitcoin (BTC-USD ), said it expects to receive support from over half of the holders of its convertible notes through a debtor-in-possession facility of up to $75M. Under the restructuring deal, its ex ...read more

imaginima Riot Blockchain (NASDAQ:RIOT ) fell as much as 4.8% before paring losses on Monday after reporting November bitcoin production figures. The bitcoin miner produced 521 BTC, up ~12% Y/Y but below its expected production of ~660 BTC due to variance in the mining pool it participates in. However, it was the firm's highest monthly BTC production figure to date. Riot (RIOT) had a deployed fleet of 72.4K miners, with a hash rate capacity of 7.7 EH/s as of November 30 - which th ...read more

Quotes All Instrument Types All Instrument Types Indices Equities ETFs Funds Commodities Currencies Crypto Bonds Certificates Please try another search Cryptocurrency Dec 15, 2022 10:00PM ET © Reuters. Bitcoin (BTC) miner Core Scientific’s stock has soared nearly 200% in the past four days, following the positive reception for a Dec. 14 financing proposal from a current creditor who is hoping the firm can avoid bankruptcy. Shares ...read more

Bitcoin's (BTC 0.99%) price hit an all-time high of $67,567 last November. But today it trades at about $18,000. The world's top cryptocurrency lost its luster as inflation, rising interest rates, and other macro headwinds drove investors away from riskier investments. That decline also crushed many Bitcoin-related stocks. Coinbase (COIN -5.06%), one of the world's largest cryptocurrency exchanges, and Marathon Digital (MARA -0.58%), one of the market's top Bitcoin mining companies, both s ...read more

Marco Bello MicroStrategy (NASDAQ:MSTR ) stock has dropped as much as 9.5% in the two sessions since the software firm that famously holds bitcoin (BTC-USD) on its balance sheet disclosed that it sold a small part of its holdings for the first time. The stock slipped to as low as $133.77 in Thursday trading, its lowest point since Aug. 10, 2020, when bitcoin (BTC-USD) was trading at $11.9K. In recent trading bitcoin changed hands at $16.6K. In September 2020, Michael Saylor, who ...read more

The dramatic crash in the cryptocurrency markets has been one of the biggest talking points of this year. After hitting an all-time high of $64,400 in November 2021, Bitcoin plummeted below $16,000 a year later, wiping out billions of dollars of investor money. The FTX trading platform’s collapse has forced investors to question the future of cryptocurrencies. However, I’m pretty sure you’ll be surprised to learn there’s something else that did even worse than Bitcoin as an investment ...read more