Publicly traded Bitcoin (BTC) fund Grayscale Bitcoin Trust (GBTC) filed Form 10 with the United States Securities and Exchange Commission (SEC) to become the first crypto fund to report to regulator. Grayscale announced in a blog post published on Nov. 19 that, if the filing will be deemed effective by the SEC, several aspects of the fund’s operations could change. In the event of approval The firm notes that, if the regulator deems the filing effective, the structure of the trust will remain the same and it will not be added to a national securities exchange. However, there will be …

The Grayscale Bitcoin Trust (GBTC) told investors to ditch gold for Bitcoin (BTC) just before the precious metal surged. A case of bad timing for Grayscale That was the latest observation from RT host and Bitcoin bull, Max Keiser, who on Aug. 26 concluded GBTC’s dedicated Bitcoin-not-gold campaign got its timing wrong. “$GBTC’s ‘Drop Gold’ campaign timed almost to the hour Gold’s bottom,” he summarized on Twitter. GBTC, which allows investors to gain exposure to Bitcoin without directly interacting with it, had previously rebranded its website to highlight the cryptocurrency’s benefits over gold. “Drop gold. Go digital,” one of the …

New York-based digital asset manager Grayscale Investments has introduced its pro-bitcoin (BTC) advertising initiative “Drop Gold” in a press release on May 1. The Drop Gold campaign is based on the emergence of bitcoin as an alternative to gold investments. In particular, the advertising campaign is promoting bitcoin investment within Grayscale’s publicly traded Bitcoin Investment Trust (BIT), which started trading under the ticker GBTC back in 2015. Grayscale’s pro-bitcoin advertisement includes a provocative commercial arguing that gold investors are living in the past. The commercial presents gold as an old-fashioned asset that weighs down investors’ portfolio, and contrasts it with …

Anybody who was drawn to Bitcoin in the very earliest days might have been put off by one significant fact. Bitcoin’s biggest exchange, where they would likely go to purchase the currency, was bizarrely called: “Magic the Gathering Online Exchange,” or Mt. Gox for short. Anybody who was confused as to why they needed to go to a “Magic the Gathering” website to purchase Bitcoin probably just went ahead and closed their browser. A nascent economy Mt. Gox is just one example of the type of services (or lack thereof) provided during Bitcoin’s infancy. Eventually more reputable exchanges would come …

The Bitcoin Investment Trust (GBTC) is currently trading at $927 per share, with each share representing approximately 9/100 of a Bitcoin. This price, if calculated with Bitcoin Cash disbursement, represents a price of $10,000 per Bitcoin, almost 120 percent premium on the current Bitcoin price. The analysis was brought to light via Tuur Demeester, the economist and editor at Adamant Research. $GBTC is trading at an implied Bitcoin price of $9,000 per bitcoin - 95% premium. (or $10k, if one assumes separate $BCH disbursement) pic.twitter.com/GCirCfUqT7 — Tuur Demeester (@TuurDemeester) August 30, 2017 Strong demand The price analysis shows the strong …

The demand toward Bitcoin is also increasing at a rapid rate in the public stock markets. Some ETFs and instruments including Bitcoin Investment Trust are being traded with extreme premium rates. Barry Silbert-led Digital Currency Group’s subsidiary company Grayscale Investments operates one of the most frequently traded and popular publicly quoted securities based on Bitcoin price. Each share of Bitcoin Investment Trust (GBTC) represents 10 percent of Bitcoin price and at the time of writing, GBTC is being traded at $417. The public stock market In the US stock market, accredited traders and institutional investors are buying into Bitcoin with …

Cointelegraph reached out to Coinsilium to get some more details on its milestone IPO, set to become one of just a handful of Bitcoin companies in the world — and the first in Britain — to list its shares on London's junior stock market AIM. Why AIM? London-based Coinsilium plans to raise £3 million (US$4.6 million) with its listing on AIM (formerly the Alternative Investment Market), the stock market for small companies run by the London Stock Exchange. Coinsilium's CEO Eddy Travia has been managing VC and private equity funds for over a decade, and the reason this particular exchange …