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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.

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Publicly traded Bitcoin fund Grayscale Bitcoin Trust filed a form with the United States SEC to become the first crypto fund to report to the regulator.

Grayscale Files Form to Become First Bitcoin Fund to Report to SEC

Adrian Zmudzinski

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New product the company says “looks and feels like” a Bitcoin ETF falls flat trying to appeal to its high-end client base.

VanEck’s New Bitcoin Trust Assets Total Just $41K in First Week

2019-09-10T08:02:00+01:00

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Grayscale announced that out of the firm’s $2.1 billion worth of assets under management, $1.97 billion resides in its bitcoin investment trust.

Grayscale: BTC Holdings Make Up $1.97B of $2.1B Assets Under Management

Adrian Zmudzinski

2019-05-29T16:28:00+01:00

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Eyebrows Raised as Value of Bitcoin Investment Trust is Double That of Underlying Bitcoin

Famous Investor Thinks Bitcoin Investment Trust Is Overrated

2017-09-04T07:30:00+01:00

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Following the recent spike in bitcoin trading volume and price, shares of Grayscale Investment’s Bitcoin Investment Trust (BIT) surged to US$32 per share, marki...

Bitcoin Investment Trust Surges as BTC Price Soars to Yearly High

2015-10-30T11:02:09+00:00

1283

LA-based financial services and investment firm Wedbush Securities released a report in which it predicts that bitcoin will trade for US$400 by next year.

Investment Firm Wedbush Predicts $400 Bitcoin by 2016; Advises to Buy GBTC

Aaron van Wirdum

2015-07-15T20:50:36+01:00

742

Bitcoins can now be traded on the public markets. After a long wait, Grayscale Investment’s Bitcoin Investment Trust (BIT) received formal approval on March 26 ...

Shares Of Bitcoin Investment Trust Surge After Much Anticipated Debut

2015-05-10T16:15:29+01:00

1750

The publicly traded shares of the Bitcoin Investment Trust have officially started trading on the public markets, Bitcoin startup Case has launched its Bitcoin ...

MAY 5 DIGEST: GBTC Begins Trading on Public Markets, Credit Card Sized Bitcoin Wallet Launches at TechCrunch Disrupt NY

Aaron van Wirdum

2015-05-05T12:35:10+01:00

943