Price of gbtc.

GBTC and Bitcoin are trading above 200-day moving averages which is a positive for investors driven by price history. This leads me to the conclusion GBTC is still an attractive position on ...Yeah it still confuses me that Greyscale 'won't care' if the GBTC stock price slides to a crazy place (like say 50% discount)... I guess they don't own the stock, they own the underlying asset (and some stock), but in the end if thousands of investors get 'burned' by GBTC premium crash they will likely not buy the grayscale etf but one of the competitors. The discount stood near 50% earlier this year. The shares of the trust have rallied much more than the digital asset itself this year, with GBTC gaining 164% and Bitcoin adding about 71%. On ...Jan 29, 2021 · For inputs, I'm using $33.60 for GBTC's price and $33,541.63 (via Coinbase) to calculate. Now, to cross check things, I'm looking at what GBTC says . Every share of GBTC is worth 0.00094867 Bitcoin. On August 29, 2023, the United States Court of Appeals for the DC Circuit sided with Grayscale over the U.S. Securities and Exchange Commission (SEC) in the crypto firm's quest to launch a Bitcoin ETF. The price of Bitcoin rose significantly following the news. The Grayscale Bitcoin Trust (GBTC), which was launched in 2013, enables investors to ...

Grayscale Bitcoin Trust (GBTC) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets.

Sep 28, 2023 · GBTC is an investment product that is traded on the stock market. Also, the trust offers a traditional investment vehicle, allowing investors to gain exposure to Bitcoin, the world’s leading cryptocurrency, in the form of equity. Additionally, the trust was established by Grayscale, a prominent digital asset management firm, in 2013.

The most actual price for one Grayscale BTC Trust [GBTC] is $0. Grayscale BTC Trust is listed on 0 exchanges with a sum of 0 active markets. The 24h volume of [ ...The term “ETF” also encompasses “exchange-traded products” or “ETPs”, like GBTC would be, that are not subject to the registration requirements of the ‘40 Act. ETFs trade in line with NAV as a result of the simultaneous creation and redemption mechanism available. ... The shares of each Product are intended to reflect the price of ...Discount/Premium to NAV Definition. The discount/premium to NAV is a percentage that calculates the amount that an exchange traded fund or closed end fund is trading above or below its net asset value. This metric can be a valuable metric to track how far away a security is trading away from its true value.As the price of the world’s largest cryptocurrency on Wednesday fell below $16,000 for the first since November 2020, the Grayscale Bitcoin Trust ( GBTC) hit a record-low discount of 40.73% compared to the market value of the underlying asset, according to data from CoinGlass. Designed to provide investors with an easy way to bet on the price ...Conversely, if the ETF’s price drops to a discount – say its market cap falters to $8 billion, versus $10 billion in assets – those traders can redeem shares, again making money from the ...

Fund Type: Net Assets: Return: Show Funds. GBTC | A complete Grayscale Bitcoin Trust mutual fund overview by MarketWatch. View mutual fund news, mutual fund market and mutual fund interest...

GBTC’s shares are up 2.4% on the day, slightly more than bitcoin itself, suggesting the market has not taken the lawsuit as a negative to the chances of a conversion.

The price of GBTC shares rose from $17.58 to $20.56, which narrowed GBTC’s discount to net asset value from 25% to 17%. This price surge also impacted BTC’s price, which shot up from roughly $25,960 to $27,974.Get the latest Grayscale Bitcoin Trust (Btc) (GBTC) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment... GBTC charges 2% annually, while Cathie Wood’s ARK Investment Management and digital-asset firm 21Shares recently listed a 0.8% fee on their spot-Bitcoin ETF application.It means at an all-time high price of around $90,000. GBTC share buyers were actually paying 38 thousand for the equivalent of one BTC. As of 18 February, the Bitcoin holding of Grayscale Bitcoin Trust is 643.24k. Around $25.7 billion are under management. Author.Grayscale Bitcoin Trust Price Live Data. Grayscale Bitcoin Trust price today is $ 28.99 with a 24-hour trading volume of $ 143.69M, market cap of $ 0.00, and market dominance of …Nov 17, 2022 · The Greyscale Bitcoin Trust ( OTC:GBTC ), which owns Bitcoin as its underlying asset, recently traded at 42% discount to the net asset value. While closed-end funds and trusts often trade at small ...

Grayscale decided to sue in June 2022, on the same day its application to convert its Grayscale Bitcoin Trust (GBTC) into a “spot” exchange-traded fund (ETF) was denied.The trust today is the ...Grayscale Bitcoin Trust (BTC) saw a decrease in short interest in November. As of November 15th, there was short interest totaling 140,300 shares, a decrease of 76.3% from the October 31st total of 591,000 shares. Based on an average daily trading volume, of 8,649,400 shares, the short-interest ratio is presently 0.0 days.The price of GBTC shares on secondary markets rose past $16 for the first time since May 10, according to TradingView data. It is currently trading at around $15.9, gaining some 24% since Thursday ...Oct 4, 2023 · GBTC offers a way to invest indirectly in Bitcoin through an OTC trust vehicle that tracks the price of Bitcoin. Owning Bitcoin directly means you actually own the individual tokens. Mar 22, 2023 · GBTC price (YCharts) In part, it is also a duration trade. Bitcoin also seems somewhat correlated to the 30-year treasury and the Nasdaq.

Bitcoin Invt TR stocks price quote with latest real-time prices, charts, financials, latest news, technical analysis and opinions.

GBTC shares today are also not redeemable. What this means is that if GBTC is trading at a premium, you can’t immediately create more shares to supply to the market to realign the price with the Net Asset Value (NAV). Conversely, because GBTC also does not offer a redemption program, shares can’t be redeemed when there is a discount.GBTC is an investment that is overseen by the SEC, but still has significant exposure to the price of Bitcoin, allowing risk-conscious investors to take advantage of price shifts. Disadvantages of ...The GBTC price increased 0.00% in the last 24 hours. Grayscale Bitcoin Trust reached its highest price on Nov 10, 2021 when it was trading at its all-time high of $ 55.05 , while Grayscale Bitcoin Trust's lowest price was recorded on Nov 21, 2022 when it was trading at its all-time low of $ 7.50 .Grayscale Bitcoin Trust (GBTC) is an investment product that tracks the market price of Bitcoin after deducting its associated management fees.Fund Type: Net Assets: Return: Show Funds. GBTC | A complete Grayscale Bitcoin Trust mutual fund overview by MarketWatch. View mutual fund news, mutual fund market and mutual fund interest... Bitcoin is rocketing higher, topping $35,000 for the first time since May 2022. It’s up 20% over the past five days. The famously volatile cryptocurrency has more than doubled in value this year ...If BTC is $47,500, then GBTC is worth .000947 * 47500 = $45; this is the Net Asset Value of GBTC (i.e., the value of its Bitcoin assets ). However the current GBTC price is only $43 (!), which means you're actually getting BTC at a 5% discount by buying GBTC (i.e., paying $43 to get $45 worth of BTC).Aug 17, 2023 · And if the price of Bitcoin went up—which it has for the most part—GBTC’s share price followed. In this context, no one really minded paying a 2% cut. Dreaming of a Bitcoin ETF .

Grayscale, the manager of the Grayscale Bitcoin Trust (GBTC), is updating the trust’s agreement for the first time since 2018, according to a filing on Wednesday. …

It unloaded 72,509 shares of GBTC from ARKW worth nearly $1.9 million based on the 26.16 closing price. Bitcoin Price, Related Action Cryptocurrency prices were largely green Wednesday afternoon.

Apr 4, 2022 · GBTC shares today are also not redeemable. What this means is that if GBTC is trading at a premium, you can’t immediately create more shares to supply to the market to realign the price with the Net Asset Value (NAV). Conversely, because GBTC also does not offer a redemption program, shares can’t be redeemed when there is a discount. BTC to CAD Chart. Bitcoin (BTC) is worth CA$51,049.26 today, which is a -0.6% decline from an hour ago and a -0.5% decline since yesterday. The value of BTC today is 0.1% higher compared to its value 7 days ago. In the last 24 hours, the total volume of Bitcoin traded was CA$23,728,894,131.And when supply outstripped demand (roughly around the time other bitcoin ETFs became available), shares of GBTC flipped to trading at a discount. There are three factors that drive this gap between price and the underlying net asset value, according to Blue. Other ways to trade bitcoin have proliferated. Fees—GBTC charges 2% annually.GBTC’s Bitcoin deposits remained locked forever and cannot be resold back into the crypto market. ... MicroStrategy owns 132,500 bitcoins for $4.05 billion at an average purchase price of $30,397 as of March 2023. MicroStrategy has increased its #Bitcoin Holdings by ~2,500 #BTC.It means at an all-time high price of around $90,000. GBTC share buyers were actually paying 38 thousand for the equivalent of one BTC. As of 18 February, the Bitcoin holding of Grayscale Bitcoin Trust is 643.24k. Around $25.7 billion are under management. Author.Further contention is focused on GBTC’s discount to the Bitcoin spot price, which is now almost at 50% for the first time ever. GBTC premium vs. asset holdings vs. BTC/USD chart.This move could eliminate the current 8.09% discount of approximately $1.89 billion, aligning GBTC’s price more closely with the actual value of Bitcoin, offering significant benefits for investors.The Grayscale Bitcoin Trust price prediction for 2025 is currently between $ 42.84 on the lower end and $ 108.46 on the high end. Compared to today’s price, Grayscale Bitcoin Trust could gain 241.81% by 2025 if GBTC reaches the upper price target. Grayscale Bitcoin Trust price prediction 2030Summary. I see 19% weighted average return to GBTC from a legal opinion that could come by the summer. Conversion to an ETF could close the current 40% discount to NAV almost overnight.The Grayscale Bitcoin Trust price prediction for 2025 is currently between $ 42.84 on the lower end and $ 108.46 on the high end. Compared to today’s price, Grayscale Bitcoin Trust could gain 241.81% by 2025 if GBTC reaches the upper price target. Grayscale Bitcoin Trust price prediction 2030Bitcoin was down 1% over the same period, and GBTC was up 7.5%. The performance of the Grayscale Bitcoin Trust (GBTC, in green) versus the price of bitcoin (gray) and the ProShares Bitcoin ...Generally speaking, one share of GBTC is worth around one-tenth of a bitcoin. To calculate the exact number of shares that equal one bitcoin, simply divide the current price of one GBTC share by the current price of one bitcoin. Finally, it’s important to stay up to date with the latest market trends and news to make the best investment ...

Grayscale Bitcoin Trust is falling faster than Bitcoin, exposing retail buyers. $10K invested in GBTC in 2015 is worth $800K, but in Bitcoin it'd be $2.2M. protos. r/Bitcoin.GBTC shares today are also not redeemable. What this means is that if GBTC is trading at a premium, you can’t immediately create more shares to supply to the market to realign the price with the Net Asset Value (NAV). Conversely, because GBTC also does not offer a redemption program, shares can’t be redeemed when there is a discount.Feb 14, 2023 · Since 2015, GBTC has been marketed as a ... The value of GBTC shares is linked to the price of bitcoin: For every new share created, a fraction of a bitcoin is added to a pot, anchoring its value. ... According to data from on-chain analytics resource CryptoQuant, the price premium of the Grayscale Bitcoin Trust (GBTC) just hit its lowest since April 2019. Grayscale lock-up ends WednesdayInstagram:https://instagram. gaia pricenyc reitbuy gold cheapestuuuu share price GBTC and Bitcoin are trading above 200-day moving averages which is a positive for investors driven by price history. This leads me to the conclusion GBTC is still an attractive position on ...Mar 7, 2023 · With the share price at $12.80 we can infer (simplistically) that the market believes there's a 26% chance the court case is successful and GBTC converts to an ETF. Of course, this is pretty basic ... msft stock prediction 2025avdx stock price GBTC charges 2% annually, while Cathie Wood’s ARK Investment Management and digital-asset firm 21Shares recently listed a 0.8% fee on their spot-Bitcoin ETF application. m aliexpress At least $2.7 billion. The $2.7 billion figure is the minimum outflow the JPMorgan analysts are expecting from the Grayscale Bitcoin Trust upon its ETF conversion. It could be "significantly more" if GBTC's current fee of 200 basis points is not lowered sharply after ETF conversion, the analysts said. "Once the SEC approves spot bitcoin …Grayscale also manages the Grayscale Bitcoin Investment Trust (OTCQX: GBTC), which was the first publicly quoted security solely invested in the price of bitcoin upon its launch in 2013. As of April 2021, six of Grayscale’s funds were traded publicly on the OTCQX market: Bitcoin Cash, ...Bitcoin surged past $35,000 Monday, hitting the highest price since May 2022, as cryptocurrency markets continued their October bull run amid optimism that a BTC ETF will get approved in the U.S.