Bitcoin Trust GBTC Shares Spike Despite 30% Premium ...

Bitcoin Investment Trust

The Bitcoin Investment Trust’s shares are the first publicly quoted securities solely invested in and deriving value from the price of bitcoin.
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11-28 04:23 - '$GBTC Bitcoin Trust weakening with RSI making lower low's. Breakout out thru bottom of wedge may result in a drop to 1.20-1.30 being possible, next major support level.' (i.redd.it) by /u/mrmoneybags100k removed from /r/Bitcoin within 17-27min

$GBTC Bitcoin Trust weakening with RSI making lower low's. Breakout out thru bottom of wedge may result in a drop to 1.20-1.30 being possible, next major support level.
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Author: mrmoneybags100k
submitted by removalbot to removalbot [link] [comments]

$GBTC Bitcoin Trust weakening with RSI making lower low's. Breakout out thru bottom of wedge may result in a drop to 1.20-1.30 being possible, next major support level. /r/Bitcoin

$GBTC Bitcoin Trust weakening with RSI making lower low's. Breakout out thru bottom of wedge may result in a drop to 1.20-1.30 being possible, next major support level. /Bitcoin submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

What happens to GBTC (Bitcoin Trust) if there is a split on Aug. 1st?

So if there is a split, they trust would own both coins so the total value of Bitcoin would be the same, of course that total value would be lower since split would be in general bad...Then it would get interesting because one coin will do well while other suffers and since it will be hard to trade on exchanges right after, it seems like this would be a huge risk for GBTC since they would need to get rid of half the coins and move all into the leading coin that prevails.
Any thoughts on this? Does anyone else own GBTC? Are you selling before 8/1?
submitted by foodie500 to Bitcoin [link] [comments]

What happens to GBTC (Bitcoin Trust) if there is a split on Aug. 1st? /r/Bitcoin

What happens to GBTC (Bitcoin Trust) if there is a split on Aug. 1st? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

In the last 100 days, the number of Bitcoins in the Grayscale Bitcoin Trust (GBTC) has increased by more than 78000. These coins are locked for 6 months too.

I had made a similar thread 100 days ago.
The following is a simple table showing the number of bitcoins in the GBTC as seen on its page here on the given days.
Date Number of btc in GBTC
31 Dec 2017 170,000
31 Dec 2018 204,390
26 July 2019 239,513
26 Oct 2019 257798
7 Feb 2020 283,192
27 Apr 2020 312886
1 May 2020 323262
17 May 2020 (100 days ago) 343954
3 July 2020 386658
27 Aug 2020 (latest today) 422308
Number of bitcoins acquired in last ~100 days: 422308 - 343954= 78354
The rate of acquiring bitcoin in gbtc had accelerated after the start of April 2020, as you can see above in the table. At the rate of about 800 bitcoins per day that GBTC has bought every day for last 100 days, the GBTC is buying Bitcoins equal to about 85% ( 783/900) of all supply of newly minted Bitcoin.
And GBTC is just one of the many ETF's that people who don't want to fiddle with private keys etc, can use to acquire Bitcoin, albeit the largest one.
In this period, the MNC Microstrategy has bought a further 22k Bitcoin.
submitted by parakite to Bitcoin [link] [comments]

GRAYSCALE BITCOIN TRUST (BTC) USD (GBTC-USD)

GRAYSCALE BITCOIN TRUST (BTC) USD (GBTC-USD) submitted by jatslo to u/jatslo [link] [comments]

In the last 100 days, the number of Bitcoins in the Grayscale Bitcoin Trust (GBTC) has increased by more than 60000. These coins are locked for 6 months too.

I had made a similar thread 100 days ago.
The following is a simple table showing the number of bitcoins in the GBTC as seen on its page here on the given days.
Date Number of btc in GBTC
31 Dec 2017 170,000
31 Dec 2018 204,390
26 July 2019 239,513
26 Oct 2019 257798
7 Feb 2020 283,192
27 Apr 2020 312886
1 May 2020 323262
17 May 2020 (100 days ago) 343954
3 July 2020 386658
27 Aug 2020 (latest today) 422308
Number of bitcoins acquired in last ~100 days: 422308 - 343954= 78354
The rate of acquiring bitcoin in gbtc had accelerated after the start of April 2020, as you can see above in the table. At the rate of about 800 bitcoins per day that GBTC has bought every day for last 100 days, the GBTC is buying Bitcoins equal to about 85% ( 783/900) of all supply of newly minted Bitcoin.
And GBTC is just one of the many ETF's that people who don't want to fiddle with private keys etc, can use to acquire Bitcoin, albeit the largest one.
In this period, the MNC Microstrategy has bought a further 22k Bitcoin.
submitted by parakite to CryptoCurrency [link] [comments]

In the last 100 days, the number of Bitcoins in the Grayscale Bitcoin Trust (GBTC) has increased by more than 60000. These coins are locked for 6 months too.

I had made a similar thread 100 days ago.
The following is a simple table showing the number of bitcoins in the GBTC as seen on its page here on the given days.
Date Number of btc in GBTC
31 Dec 2017 170,000
31 Dec 2018 204,390
26 July 2019 239,513
26 Oct 2019 257798
7 Feb 2020 (100 days ago) 283,192
27 Apr 2020 312886
1 May 2020 323262
17 May 2020 (today) 343954
Number of bitcoins acquired in last 100 days: 343954-283192 =60762
The rate of acquiring bitcoin in gbtc has actually accelerated after April, as you can see above in the table. However, even at the rate of 600 bitcoins per day that GBTC has bought every day for last 100 days, the GBTC is buying Bitcoins equal to 2/3rd of all supply of newly minted Bitcoin.
For good measure, 60k bitcoins in last 100 days is about 33-34% of all newly minted bitcoins in that period, give or take.
And GBTC is just one of the many ETF's that people who don't want to fiddle with private keys etc, can use to acquire Bitcoin, albeit the largest one.
The demand is there. The supply is reduced. Lets see where we will be in 100 days. I am not going to mention price of Bitcoin 100 days ago, because I am not selling anything. DYOR. Make your own investment decisions. This is not investment advice.
submitted by parakite to Bitcoin [link] [comments]

GRAYSCALE BITCOIN TRUST (BTC) USD (GBTC-USD)

GRAYSCALE BITCOIN TRUST (BTC) USD (GBTC-USD) submitted by jatslo to u/jatslo [link] [comments]

In the last 100 days, the number of Bitcoins in the Grayscale Bitcoin Trust (GBTC) has increased by more than 60000. These coins are locked for 6 months too.

submitted by scgco to GGCrypto [link] [comments]

In the last 100 days, the number of Bitcoins in the Grayscale Bitcoin Trust (GBTC) has increased by more than 60000. These coins are locked for 6 months too.

I had made a similar thread 100 days ago.
The following is a simple table showing the number of bitcoins in the GBTC as seen on its page here on the given days.
Date Number of btc in GBTC
31 Dec 2017 170,000
31 Dec 2018 204,390
26 July 2019 239,513
26 Oct 2019 257798
7 Feb 2020 (100 days ago) 283,192
27 Apr 2020 312886
1 May 2020 323262
17 May 2020 (today) 343954
Number of bitcoins acquired in last 100 days: 343954-283192 =60762
The rate of acquiring bitcoin in gbtc has actually accelerated after April, as you can see above in the table. However, even at the rate of 600 bitcoins per day that GBTC has bought every day for last 100 days, the GBTC is buying Bitcoins equal to 2/3rd of all supply of newly minted Bitcoin.
For good measure, 60k bitcoins in last 100 days is about 33-34% of all newly minted bitcoins in that period, give or take.
And GBTC is just one of the many ETF's that people who don't want to fiddle with private keys etc, can use to acquire Bitcoin, albeit the largest one.
The demand is there. The supply is reduced. Lets see where we will be in 100 days. I am not going to mention price of Bitcoin 100 days ago, because I am not selling anything. DYOR. Make your own investment decisions. This is not investment advice.
submitted by parakite to CryptoCurrency [link] [comments]

In the last 100 days, the number of Bitcoins in the Grayscale Bitcoin Trust (GBTC) has increased by more than 60000. These coins are locked for 6 months too. (x-post from /r/cryptocurrency)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

In the last 100 days, the number of Bitcoins in the Grayscale Bitcoin Trust (GBTC) has increased by more than 78000. These coins are locked for 6 months too. (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Up to 26,000 Bitcoins was bought by people through just GBTC - Grayscale Bitcoin Trust - only in last 4 months. These coins are locked for one year too.

These are some of the figures which show how much of Bitcoins are being bought by people through institutional investors. GBTC can only be bought by institutional investors, which means people buy it through their 401k etc.
In 2019, more than $400 million worth of btc was bought from GBTC.
And all these coins have a 1 year lock in period. Which is why the price of a gbtc btc share is much higher than simple market price of just btc.
Here are detailed figures for number of bitcoins held in this single trust, with latest number at last row:

Date Number of btc in GBTC
31 Dec 2017 170,000
31 Dec 2018 204,390
26 July 2019 239,513
26 Oct 2019 257798
7 Feb 2020 (today) 283,192
26k Bitcoins bought by GBTC over last 4 months represents about 12% of all coins mined in that period.
This is good for Bitcointm
submitted by parakite to CryptoCurrency [link] [comments]

Wilshire Phoenix files for publicly-traded Bitcoin Trust with lower management fees compared to Grayscale’s GBTC

Wilshire Phoenix files for publicly-traded Bitcoin Trust with lower management fees compared to Grayscale’s GBTC submitted by parakite to Bitcoin [link] [comments]

Wilshire Phoenix files for publicly-traded Bitcoin Trust with lower management fees compared to Grayscale’s GBTC

Wilshire Phoenix files for publicly-traded Bitcoin Trust with lower management fees compared to Grayscale’s GBTC submitted by parakite to CryptoCurrency [link] [comments]

Up to 26,000 Bitcoins was bought by people through just GBTC - Grayscale Bitcoin Trust - only in last 4 months. These coins are locked for one year too.

These are some of the figures which show how much of Bitcoins are being bought by people through institutional investors. GBTC can only be bought by institutional investors, which means people buy it through their 401k etc.
In 2019, more than $400 million worth of btc was bought from GBTC.
And all these coins have a 1 year lock in period. Which is why the price of a gbtc btc share is much higher than simple market price of just btc.
Here are detailed figures for number of bitcoins held in this single trust, with latest number at last row:

Date Number of btc in GBTC
31 Dec 2017 170,000
31 Dec 2018 204,390
26 July 2019 239,513
26 Oct 2019 257798
7 Feb 2020 (today) 283,192

This is good for Bitcointm
submitted by parakite to Bitcoin [link] [comments]

GRAYSCALE BITCOIN TRUST (BTC) USD (GBTC-USD)

GRAYSCALE BITCOIN TRUST (BTC) USD (GBTC-USD) submitted by jatslo to u/jatslo [link] [comments]

Wilshire Phoenix's Potential Challenger to Grayscale Bitcoin Trust GBTC

Wilshire Phoenix's Potential Challenger to Grayscale Bitcoin Trust GBTC submitted by Arttoast to markethive [link] [comments]

Institutions Snapping Up Grayscale Bitcoin Trust (GBTC)

Institutions Snapping Up Grayscale Bitcoin Trust (GBTC) submitted by vinnie_chapman to CryptoNews [link] [comments]

Institutions Snapping Up Grayscale Bitcoin Trust (GBTC)

submitted by vinnie_chapman to Crypto_General [link] [comments]

GRAYSCALE BITCOIN TRUST (BTC) USD (GBTC-USD)

GRAYSCALE BITCOIN TRUST (BTC) USD (GBTC-USD) submitted by jatslo to u/jatslo [link] [comments]

Who Owns GBTC, the Bitcoin Investment Trust (OTCQX: GBTC) Bitcoin Investment Trust (GBTC)  Investing in Cryptocurrency  Bitcoin IRA Stock Market GBTC, Bitcoin Investment Trust Analysis Is GBTC A Better Way To Buy Bitcoin? Pros and Cons - YouTube

Bitcoin has been on a roller coaster ride since the pandemic began. Despite the digital currency’s recent volatility, Grayscale’s GBTC Bitcoin Trust has been buying the digital coin at a ... GBTC is the ticker symbol for The Bitcoin Investment Trust, a trust run by Grayscale that holds 175,984,800 shares of 0.00100721 Bitcoins as of February 2018 (it was 1,868,700 shares of 0.09242821 Bitcoins as of August 31, 2017, but the stock split; see the update and explanation below; also see current holdings here). Bitcoin and cryptocurrency prices have seen significant gains as the entire cryptoconomy is up more than 40% since mid-December. Grayscale’s Bitcoin Trust (GBTC) has also seen an uptick and ... Grayscale Bitcoin Trust™, symbol GBTC, enables investors to gain exposure to the price movement of bitcoin through a traditional investment vehicle, without the challenges of buying, storing, and safekeeping bitcoins. Find the latest GRAYSCALE BITCOIN TRUST BTC (GBTC) stock quote, history, news and other vital information to help you with your stock trading and investing.

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Who Owns GBTC, the "Bitcoin Investment Trust"? +Who Owns ...

GBTC analyzed using Elliott Waves & Chart Patterns. You may know, the trading symbol #GBTC represents the #BitcoinInvestmentTrust (#BIT) investment vehicle, which is like an ETF for accredited investors to ind... Bitcoin vs GBTC - GBTC is VERY EXPENSIVE Use code qw08h1 and get 3% off your order at Genesis Mining https://www.genesis-mining.com My BTC address for donations ... Please Note: This video is not to be intended to be investment advice. No profits are guaranteed with any investments I mention in these videos. Please consi... In our final interview of 2017, Michael Sonnenshein, Director, Grayscale Investments, Sponsor of the Bitcoin Investment Trust (OTCQX: GBTC) joins us to provide an update on the latest interest in ...

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