Grayscale Bitcoin Trust may be the closest to a Bitcoin ETF in 2020. The daily GBTC trade volume has increased steadily since June 2020 and this is critical to Bitcoin’s price and liquidity. Grayscale Bitcoin Fund requires a minimum investment of $50000, and the trade volume in GBTC is a clear indicator of the demand...Read More
When the weekend started, Bitcoin’s price had slumped to $16,788. By the end of it, however, Bitcoin was trading close to $18,147. The positive commentary from institutional buyer Guggenheim Partners helped retail traders remain optimistic about the Bitcoin market, despite the 15.6 percent retracement seen on Thanksgiving. This was evidenced by the latest surge in...Read More
Hodling Bitcoin has a whole different meaning in 2020. It is no longer associated with optimistic novice traders who entered the space a gazillion years ago, all hoping for a profitable return. Instead, the trend has been taken over by huge business entities that are eyeing Bitcoin as a long-term investment strategy and as a...Read More
As one of the largest organizations managing crypto-investment trust funds for accredited and retail investors, Grayscale recently crossed the $6 billion-mark with respect to Assets under Management (AUM). That’s not all, however, as over the past few years, besides catering to institutional investors, Grayscale has also seen increasing retail demand for crypto-exposure through 401k savings....Read More
Many people within the cryptocurrency industry keep a close eye on the Grayscale Bitcoin Trust. Over the past three months, that trust has significantly increased its BTC holdings. While this is not an official market sentiment indicator, the figures remain interesting to keep an eye on. The Grayscale Bitcoin Trust Went on a Buying Spree...Read More
