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Grayscale GBTC discount falls to 16% as markets bet on Bitcoin ETF approval

Grayscale’s Bitcoin investment vehicle, Grayscale Bitcoin Trust (GBTC) is trading at its lowest discount in nearly two years, as spot Bitcoin ETFs continue to inch toward potential approval in the United States. The latest data from YCharts shows GBTC’s discount to Bitcoin net asset value (NAV) has narrowed to 15.87%

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SEC Reportedly Won’t Appeal Loss in GBTC Case, Boosting Odds It Can Turn Into an ETF

In August, the D.C. Circuit Court of Appeals ruled that the SEC’s denial of Grayscale Investment’s application to convert the Grayscale Bitcoin Trust (GBTC) into an ETF was invalid and must be reviewed, calling it an "arbitrary and capricious" rejection. The court said that federal agencies are required to “treat

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Bitcoin price gets new $25K target as SEC decision day boosts GBTC

Bitcoin (BTC) ranged around the key $26,800 mark for a second day on Oct. 13 with a decision due in United States regulators’ battle with crypto investment giant Grayscale.BTC/USD 1-hour chart. Source: TradingViewBitcoin lurks between major liquidity cloudsData from Cointelegraph Markets Pro and TradingView confirmed BTC price barely changed from

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GBTC ‘discount’ hits smallest since 2021 despite BTC price at 3-month lows

Bitcoin (BTC) investment vehicle, the Grayscale Bitcoin Trust (BTC), now trades at just 17% below BTC price parity.The latest data from monitoring resource CoinGlass confirms that as of Sep. 9, GBTC shares traded at 17.17% less than BTC/USD.GBTC retraces nearly two years of lossesBitcoin’s largest institutional investment vehicle, GBTC has

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SEC setback narrows profit opportunity for GBTC investors

The gap between Bitcoin’s price and GBTC shares has narrowed after the SEC rejected Grayscale’s application to convert its trust into an exchange-traded fund (ETF). In the last year, many investors reportedly profited from the anticipation that the U.S. Securities and Exchange Commission (SEC) would greenlight a product directly pegged to

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