Grayscale, a subsidiary of Digital Currency Group, is a pioneer in digital-asset management, and its Grayscale Bitcoin Trust, a closed-end fund, has been publicly listed since 2013 . At one point, it was one of the few ways for traditional investors to credibly gain exposure to the world’s No. 1 digital asset: bitcoin.
Read moreWhat happens when GBTC unlocks?
The trade works when funds borrow bitcoin to deposit into GBTC, then they have shares of GBTC that are worth more than the bitcoin they bought. When the unlock period occurs the shares, redeemable for bitcoin, have a mark-up over the price of bitcoin and thus the fund finds itself in possession of free bitcoin .19 Tem 2021
Read moreDoes GBTC have a lockup period?
Since the beginning of 2020, the lockup period of GBTC shares of the Grayscale Bitcoin Trust became SEC-compliant and the lockup period was reduced by half (from 1 year to 6 months). It was one of the main factors that increased institutional interest in GBTC.
Read moreDo you have to hold GBTC for 6 months?
Due to the nature of the Grayscale Bitcoin Trust, institutional investors who buy the fund directly must hold the shares for six months before selling on the secondary market . July 17 is one of the largest days of the unlock period, with 16,240 bitcoin worth of GBTC becoming available to trade, according to Bybt.com.10 Tem 2021
Read moreWhat are the holdings of grayscale?
Grayscale Investments Holdings BTC GBTC641.95K BTC$27.33BETH EETH3.10M ETH$9.30BETC ETHC12.08M ETC$544.17MLTC LTCN1.55M LTC$188.87MBCH BCHG314.52K BCH$119.66MGrayscale Investments Holdings – Coinglass www.coinglass.com › Grayscale
Read moreWhat is grayscale invested?
Grayscale’s other single-asset investment products provide exposure to Bitcoin (BTC), Basic Attention Token (BAT), Bitcoin Cash (BCH), Chainlink (LINK), Decentraland (MANA), Ethereum (ETH), Ethereum Classic (ETC), Filecoin (FIL), Litecoin (LTC), Livepeer (LPT), Stellar Lumens (XLM), Zcash (ZEC), and Horizen (ZEN).
Read moreWhat does grayscale trust do?
Grayscale Bitcoin Trust (BTC) (Trust) is an investment vehicle. The Trust’s purpose is to hold Bitcoins , which are digital assets that are created and transmitted through the operations of the peer-to-peer Bitcoin Network, a decentralized network of computers that operates on cryptographic protocols.
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