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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

Is Dogecoin set to follow Shiba Inu’s (SHIB) 400% breakout?

'Much ow' ahead? Dogecoin chart fractal puts Shiba Inu's 390% QTD rally in danger

Shiba Inu rebounds 40% despite major selling by SHIB whales

One currency to rule them all: Facebook’s Diem has global ambitions

Shiba Inu is now a top-20 cryptocurrency with SHIB price soaring 300% in 9 days

A huge sell wall at $20,000 may see a major transfer of wealth from whales to institutions based on current data.

Bitcoin whales selling to institutions as Grayscale adds 7,188 BTC in 24 hours

2020-12-04T10:33:55+00:00

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Market Analysis

Gold outflows are rising as Bitcoin rallies due to heightened buyer demand from institutional investors.

Record gold outflow 'isn't going into ripples' — only Bitcoin, says fund manager

2020-11-30T10:00:00+00:00

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The $275 billion company has filed an SEC amendment to allocate over $500 million from the Macro Opportunities fund to Grayscale's GBTC

Guggenheim Partners prepares to dip investment fund’s toes into Bitcoin

2020-11-29T02:41:03+00:00

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Market Analysis

Bitcoin exchange reserves dropped from 2.5 million to 2.355 million in the past month as around 145,000 BTC, worth $2.35 billion, moved out of exchanges.

$2.3B in Bitcoin exchange outflows dwarfs the amount of new BTC mined

2020-11-16T11:00:00+00:00

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Wilshire tells Cointelegraph how its publicly listed Bitcoin fund will differ from other U.S. competition.

Exclusive: Wilshire Differentiates its Fund From Grayscale, Says 'Investors Deserve More'

2020-06-13T20:28:00+01:00

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22% of crypto fund manager Grayscale Investments’ purchases have been Ether throughout 2020 so far, totaling $110 million worth of accumulation.

Grayscale Is Buying Up More Than Just Bitcoin

2020-06-05T21:11:00+01:00

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Independent researcher Kevin Rooke estimates that Grayscale has ramped up its Bitcoin accumulation to a rate equivalent to 150% of the new BTC created since the...

Grayscale Is Now Buying 1.5 Times the Amount of Bitcoin Being Mined

2020-05-28T06:23:00+01:00

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Crypto fund manager Grayscale Investments is believed to have purchased one-third of new Bitcoin for three months.

Grayscale Accumulates 34% of New BTC as Weekly Investments Tag $30 Million

2020-05-24T18:49:00+01:00

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