Latest news with #GBTC
Globe and Mail
7 days ago
- Business
- Globe and Mail
Bitcoin ETF (GBTC) Hits New 52-Week High
For investors seeking momentum, Grayscale Bitcoin Trust ETF GBTC is probably on the radar. The fund just hit a 52-week high and soared 135.2% from its 52-week low of $39.56 per share. Are more gains in store for this ETF? Let us take a quick look at the fund and the near-term outlook on it to get a better idea of where it might be headed: GBTC in Focus Grayscale Bitcoin Trust is the first Bitcoin ETF that enables investors to gain exposure to Bitcoin in the form of a security, while avoiding the challenges of buying, storing and safekeeping it directly. It owns and passively holds actual Bitcoins through its Custodian, Coinbase Custody. Grayscale Bitcoin Trust is a cheaper version of Bitcoin, charging 1.50% in annual fees from investors (see: all the Cryptocurrency ETFs here). Why the Move? Bitcoin has been an area to watch lately, given the meteoric rise in the world's largest cryptocurrency. Bitcoin has soared to a new all-time high, surpassing $120,000 for the first time in its history. The explosive rally was driven by renewed institutional demand, robust spot Bitcoin ETF inflows and growing optimism surrounding global crypto adoption. The rally also reflects broader investor appetite for alternative assets amid a shifting macroeconomic landscape. More Gains Ahead? GBTC might remain strong, given its weighted alpha of 87.60 and lower 20-day volatility of 33.6%. There is still some promise for investors who want to ride on this surging ETF. Want key ETF info delivered straight to your inbox? Get it free >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report This article originally published on Zacks Investment Research (
Yahoo
14-07-2025
- Business
- Yahoo
Bitcoin ETF (GBTC) Hits New 52-Week High
For investors seeking momentum, Grayscale Bitcoin Trust ETF GBTC is probably on the radar. The fund just hit a 52-week high and soared 135.2% from its 52-week low of $39.56 per more gains in store for this ETF? Let us take a quick look at the fund and the near-term outlook on it to get a better idea of where it might be headed: Grayscale Bitcoin Trust is the first Bitcoin ETF that enables investors to gain exposure to Bitcoin in the form of a security, while avoiding the challenges of buying, storing and safekeeping it directly. It owns and passively holds actual Bitcoins through its Custodian, Coinbase Custody. Grayscale Bitcoin Trust is a cheaper version of Bitcoin, charging 1.50% in annual fees from investors (see: all the Cryptocurrency ETFs here). Bitcoin has been an area to watch lately, given the meteoric rise in the world's largest cryptocurrency. Bitcoin has soared to a new all-time high, surpassing $120,000 for the first time in its history. The explosive rally was driven by renewed institutional demand, robust spot Bitcoin ETF inflows and growing optimism surrounding global crypto adoption. The rally also reflects broader investor appetite for alternative assets amid a shifting macroeconomic landscape. GBTC might remain strong, given its weighted alpha of 87.60 and lower 20-day volatility of 33.6%. There is still some promise for investors who want to ride on this surging ETF. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
11-07-2025
- Business
- Yahoo
Bitcoin Tops $118K: ETFs to Make the Most of the Rally
Bitcoin has soared to a new all-time high, surpassing $118,000 for the first time in its history, reaching a milestone in its meteoric rise. The explosive rally was driven by renewed institutional demand, robust spot Bitcoin ETF inflows and growing optimism surrounding global crypto adoption. The rally also reflects broader investor appetite for alternative assets amid a shifting macroeconomic surge comes amid persistent global economic and geopolitical uncertainty, signaling a growing perception of Bitcoin as a safe-haven asset, akin to digital gold. Bitcoin is now up about 26% since the start of 2025. Investors seeking to participate in the Bitcoin rally can consider any of the popular ETFs — BlackRock iShares Bitcoin Trust IBIT, Fidelity Wise Origin Bitcoin Trust FBTC, Grayscale Bitcoin Trust ETF GBTC, ARK 21Shares Bitcoin ETF ARKB and Grayscale Bitcoin Mini Trust ETF BTC. Bitcoin has witnessed sustained inflows from institutional investors, driven by increased adoption of spot Bitcoin ETFs in the United States and Europe. According to Trading News, Bitcoin ETFs have gathered $7.1 billion in capital over the past five trading sessions, one of the largest weekly inflows in 2025. Per Bitcoin ETFs have accumulated $50.1 billion in total inflows since their launch last year and $14.9 billion so far this Trump's business ventures are making waves in the space. According to an SEC filing on Tuesday, Trump Media & Technology Group is preparing to launch a crypto-focused ETF that will invest in multiple tokens, including Bitcoin. Corporations are also ramping up participation in cryptocurrency. Companies like Strategy (MSTR) and GameStop (GME) have continued to add bitcoin to their balance sheets. The options market is also reflecting renewed bullish momentum. Open interest, or the number of outstanding contracts on the Deribit exchange, has grown increasingly concentrated around call options at the $115,000 and $120,000 strike levels, indicating continued investor optimism (read: Bitcoin Plunges Below $100K: Time to Buy the Dip?). Earlier this year, the Trump administration approved the creation of a strategic Bitcoin reserve, signaling a notably pro-crypto regulatory stance. The much-anticipated 'Crypto Week,' set to begin July 14, is expected to provide another boost to Bitcoin. U.S. lawmakers are expected to advance at least three key bills aimed at establishing a regulatory framework for digital assets. A favorable outcome can accelerate institutional inflows, reinforce Bitcoin's status as a macro asset and boost confidence in regulatory-compliant crypto platforms. This signals growing institutional and regulatory engagement with digital assets. Among the key proposals is the GENIUS Act, which recently cleared the Senate. The bill outlines a federal framework for regulating stablecoins. The cryptocurrency is increasingly being viewed as a hedge against both inflation and geopolitical uncertainty, especially amid ongoing tensions in Eastern Europe and Asia. Bitcoin's latest rally underscores a resurgence in investor confidence, particularly from institutional players increasingly seeking exposure to digital assets as a hedge and growth opportunity. With regulatory clarity improving and demand rising, analysts suggest the crypto bull cycle may still have room to us delve into the above-mentioned ETFs in detail:BlackRock iShares Bitcoin Trust (IBIT)iShares Bitcoin Trust seeks to reflect the performance of the price of Bitcoin. It enables investors to access Bitcoin within a traditional brokerage account. The fund charges 25 bps in annual fees from investors. IBIT has an AUM of $76.3 billion and trades in an average daily volume of $43 million shares (read: Bitcoin ETF (IBIT) Hits New 52-Week High). Fidelity Wise Origin Bitcoin Trust (FBTC)Fidelity Wise Origin Bitcoin Trust also offers exposure to the price of Bitcoin without buying Bitcoin directly in brokerage, trust and tax-advantaged accounts. It has accumulated $22.2 billion in its asset base. It charges 25 bps in annual fees and trades in an average daily volume of 2.5 million Bitcoin Trust (GBTC)Grayscale Bitcoin Trust is the first Bitcoin ETF that enables investors to gain exposure to Bitcoin in the form of security, while avoiding the challenges of buying, storing and safekeeping Bitcoin directly. It owns and passively holds actual Bitcoins through its Custodian, Coinbase Custody. Grayscale Bitcoin Trust has an AUM of $20 billion and charges 1.50% in annual fees from investors. It trades in an average daily volume of 2 million shares and is a cheaper version of 21Shares Bitcoin ETF (ARKB) ARK 21Shares Bitcoin ETF has amassed $5.2 billion in its asset base. It seeks to track the performance of Bitcoin, as measured by the performance of the CME CF Bitcoin Reference Rate – New York Variant. It has an expense ratio of 0.21% and trades in a volume of 2 million shares per day on Bitcoin Mini Trust ETF (BTC) With an AUM of $5 billion, Grayscale Bitcoin Mini Trust ETF seeks to reflect the value of Bitcoin held by the Trust. It is the low-cost Bitcoin ETF, charging just 15 bps in annual fees and trading in a volume of 951,000 shares per day on average. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report This article originally published on Zacks Investment Research ( Zacks Investment Research
Globe and Mail
18-06-2025
- Business
- Globe and Mail
1 No-Brainer Cryptocurrency Fund to Buy Right Now for Less Than $100
Bitcoin 's (CRYPTO: BTC) price continues to be a volatile but lucrative ride. The flagship cryptocurrency has ebbed and flowed, but when it's all said and done, Bitcoin's price is up nearly 60% today from where it was a year ago. I don't think Bitcoin's run is over, and that makes the Grayscale Bitcoin Trust ETF (NYSEMKT: GBTC) a no-brainer investment at under $100 per share. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » Investing in the Grayscale Bitcoin Trust ETF is an easy way to add Bitcoin exposure to your portfolio. It's a spot Bitcoin ETF, meaning you can buy it and sell it within your typical investment account. There's no fussing with crypto wallets or anything like that. Interested? Good. Read on to see why the ETF could head much higher over the long run. Here is why it's worth having some Bitcoin exposure in a long-term portfolio In addition to being the original cryptocurrency and the largest by market capitalization today, Bitcoin serves as a hedge against inflation. You can't easily run out and buy a slice of pizza with Bitcoin, but it's valued and has a capped supply. Many view Bitcoin as a digital version of gold. The United States government has slowly developed a spending problem since moving from a gold-backed dollar to a fiat currency in 1971. The country's debt has continued to accumulate as the government spends more than it brings in via taxes. When the government borrows by selling Treasuries, it essentially adds more dollars to the economy's money supply. In a nutshell, inflation, which is the erosion of the U.S. dollar's purchasing power, occurs when the money supply grows too rapidly. As a consumer, you see this in the form of higher prices for goods and services. Bitcoin's price is denominated in U.S. dollars, so as long as the above chart continues trending this way, it's a tailwind for Bitcoin's price. America may struggle to kick its spending habit President Donald Trump and Elon Musk created the Department of Government Efficiency, or DOGE, earlier this year as an attempt to analyze government spending and identify areas where cuts could help reduce the federal deficit. It's probably safe to say that DOGE failed at this point. Musk has returned to working at his companies. Meanwhile, DOGE has only recommended an estimated, and unverifiable, $180 billion in savings, putting the group on track to fall well short of Musk's initial $2 trillion goal. Politicians have also been reluctant to legislate most of DOGE's cuts. The Trump-endorsed One Big Beautiful Bill Act, currently in the U.S. Senate, only includes $9.4 billion of DOGE's cuts, and would lift the country's debt ceiling by a whopping $4 trillion. The Congressional Budget Office estimates that the bill would worsen the federal deficit to 7% of GDP by 2026. It makes sense at this point to at least consider Bitcoin as part of a diversified investment portfolio to hedge against what could be years of outsize federal spending ahead. The digital economy is coming Trump aligned himself with Bitcoin (and other cryptocurrencies) while campaigning, and followed through with an executive order to establish a Strategic Bitcoin Reserve for the federal government. Trump's well-known disdain for regulatory red tape could help facilitate innovation over the coming years. At the same time, it appears that corporations are finding reasons to adopt digital currencies. Cryptocurrency exchange Coinbase Global has partnered with American Express to announce a credit card that offers cash-back rewards in Bitcoin. Amazon and Walmart have announced plans to create stablecoins, aiming to break free from traditional payment networks. The broad shift toward a digital economy would be a rising tide that should directly benefit Bitcoin, as the most prominent cryptocurrency. The Grayscale Bitcoin Trust ETF is a simple way to invest in Bitcoin, making it a no-brainer today, given how the big picture is materializing in Bitcoin's favor. Should you invest $1,000 in Grayscale Bitcoin Trust (BTC) right now? Before you buy stock in Grayscale Bitcoin Trust (BTC), consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Grayscale Bitcoin Trust (BTC) wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $660,821!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $886,880!* Now, it's worth noting Stock Advisor 's total average return is791% — a market-crushing outperformance compared to174%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 9, 2025 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. American Express is an advertising partner of Motley Fool Money. Justin Pope has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon, Bitcoin, and Walmart. The Motley Fool recommends Coinbase Global. The Motley Fool has a disclosure policy.
Arabian Post
16-06-2025
- Business
- Arabian Post
Stock market information for Grayscale Investments LLC
Grayscale Investments LLC is a fund in the USA market. The price is 82.83 USD currently with a change of -1.33 USD from the previous close. The latest trade time is Monday, June 16, 17:15:21 +0530. Grayscale Expands Bitcoin Holdings with $1.05 B Investment Grayscale Investments has acquired an additional 10,100 BTC, spending approximately $1.05 billion at an average rate of $104,080 per coin, boosting its total holdings to 592,100 BTC, with an average acquisition price of roughly $70,666 per coin. This move aligns with the firm's year-to-date BTC return, which sits at 19.1 per cent. ADVERTISEMENT The company now holds Bitcoin valued at approximately $41.84 billion, underpinning its reputation as one of the world's largest institutional holders. Market watchers have noted that Grayscale's significant expansion at this price point reflects confidence in Bitcoin's current valuation and medium‑term outlook, even amidst broader cryptocurrency volatility. This accumulation comes as institutional appetite for Bitcoin evolves. Grayscale, which transformed its Bitcoin Trust into a spot ETF via its GBTC product, continues to command a substantial fee structure—1.5 per cent—that supports yearly revenues exceeding $268 million, despite competitors offering cheaper options. The premium yield underscores its established presence and the loyalty of seasoned investors bound by legacy holds, tax considerations and brand trust. Earlier this year, Grayscale launched the Bitcoin Mini Trust with a far lower fee of 0.15 per cent, explicitly targeting cost-sensitive investors. The mini‑trust currently holds around 43,572 BTC under management. Despite attracting inflows, its impact on Grayscale's total AUM remains modest relative to the flagship GBTC. Analysts suggest that Grayscale's dual‑product strategy allows it to hedge against fee‑driven outflows while maintaining revenue through GBTC's premium fee structure. Its sizeable Bitcoin accumulation adds weight to this approach. As one strategist remarked, institutional investors often exhibit inertia from legacy holdings and taxable events, making high‑fee products persistent revenue generators. This latest purchase follows Grayscale's broader pattern of capitalising on dips in Bitcoin price, reinforcing its average cost basis. With Bitcoin hovering near $105,000, this strategic buy expands holdings while keeping average cost significantly lower, positioning the firm favourably for market swings. The acquisition also contrasts with broader market behaviour. Other institutions, particularly newer spot ETFs like those from BlackRock and Fidelity, have recorded substantial inflows thanks to much lower fees—commonly around 0.25 per cent—but display less aggressive accumulation strategies. Their collective AUM exceeds $100 billion, yet individually their daily volume and yields trail Grayscale's monumental revenue draw. Grayscale's current average buy price—$70,666—reveals a long‑term investment horizon and deep conviction in Bitcoin's trajectory. This cost average gives Grayscale a comfortable buffer versus price dips, which in turn sustains its willingness to deepen its position at current price levels. As volatility returns to crypto markets, Grayscale's scale and cost discipline may offer smoother entry and exit tactics. Market responses to the latest move have been mixed. Proponents argue that institutional accumulation of this magnitude is bullish for sentiment and price stability. Critics caution that such centralised concentration exposes Grayscale to regulatory and enterprise risk. Regulatory scrutiny remains a key consideration. As one of the first and largest Bitcoin spot ETPs in the US, Grayscale continues to navigate evolving SEC policies, compliance obligations and heightened operational transparency. Its ability to sustain growth depends on navigating these frameworks while differentiating GBTC and BTC in a crowded ETF market.
