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Tag: Bitcoin Investment Trust

Will Premium Bitcoin ETFs Continue Their Rising Trend?

Category: Business, Commentary, Finance, News

Will Premium Bitcoin ETFs Continue Their Rising Trend?

The value of publicly traded shares of bitcoin or exchange-traded funds (ETFs) such as Bitcoin Investment Trust maintained by Barry Silbert-led Digital Currency Group’s Grayscale Investments has continued to surge since early 2015, substantially outperforming bitcoin. Bitcoin Investment Trust, which is publicly traded using the tracker GBTC is currently worth US$63 per share and has peaked to US$64.9 during the…

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Trading volume of Bitcoin Investment Trust Shares Hits All-Time High

Category: Business, Finance, News

Trading volume of Bitcoin Investment Trust Shares Hits All-Time High

Trading volume in the shares of Grayscale Investment’s Bitcoin Investment Trust (GBTC) has hit a new all-time high, recording 71,697 shares or US$3.2 million in notional value in 24 hours. Since its launch in May 2015, the Bitcoin Investment Trust has become the preferred method of qualified and established high- profile investors to purchase or sell bitcoins, primarily due to…

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