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GBTC discount presents a unique challenge for Grayscale and investors

Since 2013 the Grayscale Bitcoin Trust Fund (GBTC) has offered its investors exposure to Bitcoin (BTC) through a publicly quoted private instrument. However, the trust's convertibility and liquidity vastly differ from an Exchange Traded Fund (ETF).Trusts are structured as companies, at least in regulatory form, and are 'closed-end funds' which

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Huobi looks to become Grayscale of Asia, Yao Ming’s NFT wine, and Chinese crypto investors go to the dogs

Huobi Asset Management is looking to be the Grayscale of Asia with the launch of four cryptocurrency related tracker funds. The funds include a Bitcoin Fund, an Ethereum fund, a multi-asset basket of digital currencies, and a private equity fund for mining businesses. The aim is clearly to entice major

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Grayscale Bitcoin Trust (GBTC) Is Trading at a 3.77% Discount

In brief:Grayscale Bitcoin Trust (GBTC) closed yesterday at a 3.77% discountA discounted GBTC could point towards bearish Bitcoin sentiment amongst institutional investorsBitcoin dipped to the $44k support zone and could be headed lower with the weekly/monthly closeThe Grayscale Bitcoin Trust (GBTC) closed trading yesterday, February 25th, at a 3.77% discount.

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Yearn Finance’s YFI Hits $50K Before Bitcoin as Grayscale Shows Interest

Yearn Finance’s governance token YFI reached a new milestone on Friday as its price crossed over the $50,000-mark for the first time in history. The gains appeared as Grayscale Investments, a New York-based cryptocurrency management firm, registered an LLC for a prospective Yearn Finance Trust. That prompted traders to raise their

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