GBTC

JPMorgan’s Analysis Shows Institutional Investors Moving From Gold ETFs to Bitcoin

<div class=”featured_image_container”> </div> <div class=”td-a-rec td-a-rec-id-content_top “><a data-bid=”1″ href=”https://news.bitcoin.com/linkout/387425″ rel=”nofollow noopener noreferrer” target=”_blank”><img loading=”lazy” src=”http://scoreit.online/wp-content/uploads/2020/11/bitcoin-wallet-banner-2.png” alt width=”728″ height=”90″></a></div><strong>JPMorgan has highlighted evidence of institutional demand for bitcoin and investors moving from gold exchange-traded funds (ETFs) to the cryptocurrency. The firm points out that bitcoin demand is driven not only by younger retail investors but also by …

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Grayscale Adds $1 Billion to Crypto Products in Q3, Sees ‘Unprecedented Demand’ for Bitcoin Cash

<div class=”featured_image_container”> </div> <div class=”td-a-rec td-a-rec-id-content_top “><a data-bid=”1″ href=”https://news.bitcoin.com/linkout/398349″ rel=”nofollow noopener noreferrer” target=”_blank”><img loading=”lazy” src=”https://scoreit.online/wp-content/uploads/2020/10/lottery_euro_1456x360_btc-2.jpg” alt width=”1456″ height=”360″></a></div><strong>Grayscale Investments has announced a record quarterly performance, raking in $1.05 billion in investments, mostly from institutional investors. The company also sees “unprecedented demand” for bitcoin cash.</strong> Record Quarter, Over $1 Billion Added Grayscale Investments released its third-quarter …

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Grayscale Investments Scooped Up Over 17,000 BTC in the Last Seven Days

During the last seven days, Grayscale Investments purchased 17,100 BTC or $182 million worth of bitcoin using today’s exchange rates. The company’s bitcoin position is now close to 450,000 BTC worth roughly $4.7 billion. The Grayscale Bitcoin Trust (GBTC) is a very popular investment vehicle and in 2020 the trust has obtained a massive amount …

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Grayscale’s Litecoin-Based Asset Sees Wild Premium Swings

Grayscale’s LTCN asset, boasting publicly quoted over-the-counter shares, currently trades far above the price of Litecoin (LTC) — its underlying asset. At press time, Litecoin trades at $60.62, while LTCN shares trade at $54.01. The two prices seem close, although each share of LTCN equals just 0.094 LTC, according to Grayscale’s website.  Buying roughly 10.64 LTCN equates …

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Grayscale Investments’ Bitcoin Cash Trust Approved for Public Trading

Renters Threaten US Real Estate Market, 20 Million Americans Face Eviction The aftermath of the coronavirus-provoked business shutdowns in the United States caused a number of market observers to focus on the U.S. real estate and rental markets. As the federal moratorium on evictions reaches its expiry, a recent Aspen Institute … read more. Crypto …

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Wilshire Phoenix Files With SEC for Publicly Traded Bitcoin-Backed Fund

Investment firm Wilshire Phoenix has filed an S-1 registration statement with the U.S. Securities and Exchange Commission, or SEC, for a publicly traded Bitcoin fund in line with regulation. “The Shares will provide investors with exposure to bitcoin in a manner that is accessible and cost-efficient without the uncertain and often complex requirements relating to …

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Grayscale Bitcoin Trust Buys Over 1.5 Times Total BTC Mined Since Halving

Grayscale Investments has purchased more than 1.5 times the number of bitcoins mined since the third Bitcoin halving for its bitcoin trust. This indicates that there is a strong institutional demand for the cryptocurrency, which is expected to grow significantly post the coronavirus crisis. GBTC Buys 1.5 Times the Amount of Bitcoin Mined After Halving …

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