Gbtc news

Here are some recent news and updates about Grayscale Bitcoin Trust (GBTC):

Price and Holdings

• As of March 2023, GBTC's net asset value (NAV) is around $43.5 billion, with approximately 653,000 BTC held in the trust. (Source: Grayscale Investments)
• The trust's price has been trading at a significant discount to its NAV, with a current discount of around 15%. (Source: Yahoo Finance)

Regulatory Updates

• In February 2023, the Securities and Exchange Commission (SEC) approved Grayscale's application to convert its Bitcoin Investment Trust (BIT) into a publicly traded company, paving the way for a potential IPO. (Source: Coindesk)
• In January 2023, the Financial Industry Regulatory Authority (FINRA) approved Grayscale's application to list its Ethereum Trust on the OTCQX market. (Source: Grayscale Investments)

Investor Interest

• In February 2023, Grayscale reported that it had seen a significant increase in investor interest, with over $1 billion in new investments in the first two months of the year. (Source: Grayscale Investments)
• In January 2023, a report by Bloomberg Intelligence found that GBTC was the most popular cryptocurrency ETF among institutional investors, with over 70% of respondents holding the trust in their portfolios. (Source: Bloomberg)

Competition

• In February 2023, a new Bitcoin ETF, the VanEck Bitcoin Trust, was listed on the CBOE BZX Exchange, providing investors with an alternative to GBTC. (Source: VanEck)
• In January 2023, a report by ETF.com found that GBTC faced increasing competition from other Bitcoin ETFs and trusts, with several new products launching in the past year. (Source: ETF.com)

Other News

• In February 2023, Grayscale announced that it had partnered with the cryptocurrency exchange, Coinbase, to offer a new investment product that allows investors to buy and sell GBTC shares directly on the exchange. (Source: Grayscale Investments)
• In January 2023, Grayscale reported that it had seen a significant increase in demand for its Ethereum Trust, with over $100 million in new investments in the first month of the year. (Source: Grayscale Investments)

I hope this information is helpful!