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Bitcoin Investment Trust News

Bitcoin Investment Trust (BIT) is an open-ended private trust. BIT was launched in 2013 by Barry Silbert from Digital Currency Group. Currently, Bitcoin Investment Trust is sponsored by Grayscale Investments LLC. BIT is a wholly-owned SecondMarket Holdings, Inc. subsidiary and affiliate. According to the Bitcoin Investment Trust’s information given on their official website, the company enables investors to gain profit from Bitcoin price changes without the need of buying and storing cryptocurrency. Bitcoin Investment Trust’s shares were the first securities pegged by Bitcoin and traded publicly. Bitcoin Investment Trust’s stocks have officially received the ticker ‘GBTC.’ Bitcoin Investment Trust, whose value of share will be equal to about one-tenth of BTC’s price minus operational costs, has eliminated all regulatory constraints on its way to trade.

Top News

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A release of funds from lock-up traditionally heralds the start of price upside and ends consolidatory phases, data shows.

Grayscale may jumpstart the next phase of the Bitcoin bull run tomorrow

2021-02-02T09:27:18+00:00

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The investment firm said it had no plans to sell shares of its Bitcoin trust in the United States.

Following in Grayscale's footsteps, new Bitcoin trust goes public in Canada

2021-01-27T15:55:59+00:00

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Bitcoin worth $600 million gets taken off the market as BTC/USD struggles to cement support for a retest of $40,000.

'Pay attention' — Grayscale adds 18x the Bitcoin mined supply in one day

2021-01-19T09:00:00+00:00

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Average weekly inflows into Grayscale’s products hit $250.7 million in the fourth quarter, capping off a stellar year for the asset manager.

Grayscale inflows hit $3.3B in record-breaking fourth quarter

2021-01-14T23:26:27+00:00

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Market Analysis

Stablecoin inflows into exchanges spiked right as the price of Bitcoin recovered above $38,000, on-chain data shows.

Is a new rally brewing as Bitcoin reclaims $38K and stablecoins 'flooding' exchanges?

2021-01-14T08:03:53+00:00

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Market Analysis

The institutional herd has arrived to the Bitcoin market as institutional platforms see record-high volume.

The institutional herd is here: Bitcoin volume on CME, LMAX hits new records

2021-01-05T11:45:00+00:00

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A Grayscale spokesperson confirmed to Cointelegraph that the fund manager didn’t dump massive stakes of XRP and XLM.

Faulty data? Grayscale didn’t liquidate massive amounts of XRP and XLM

2020-12-31T20:47:13+00:00

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The ex-White House communications director sees a big move for BTC in the next 5 to 10 years.

Scaramucci's SkyBridge BTC fund launches with $25 million investment

2020-12-23T10:23:35+00:00

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