Tags : Grayscales

Bitcoin

JPMorgan says Bitcoin may dump to $25,000, cites Grayscale’s GBTC

JPMorgan analysts say the upcoming ‘unlock’ of a popular Bitcoin fund could cause further selling of spot BTC, driving the prices of the world’s largest cryptocurrency by market cap to as low as $25,000. “While weak flows and price dynamics resulting from last month’s selloff fueled Bitcoin’s recent declines, possible sales of shares in the […]Read More

Bitcoin

Why is Grayscale’s Bitcoin Trust (GBTC) trading at a discount?

The Grayscale product is one of the only Bitcoin-focused financial instruments for institutional and accredited investors. It’s now trading at a discount, however. What’s with Grayscale? The Grayscale Bitcoin Trust (GBTC) is trading at a relatively steep discount compared to its otherwise high premiums, data from multiple sources shows. The product allows institutional and accredited […]Read More