Bitcoin Marketcap
$1.84T
Gold Marketcap
$16.20T
BTC Settlement Volume (24hr)
$12.90B
BTC Inflation Rate (next 1yr)
1.17%
CASEBITCOIN making the case for bitcoin every day
Bitcoin Marketcap
$1.84T
Gold Marketcap
$16.20T
BTC Settlement Volume (24hr)
$12.90B
BTC Inflation Rate (next 1yr)
1.17%
CASEBITCOIN making the case for bitcoin every day
Guggenheim Funds - managing a total $233B - filed an amendment with the SEC to allow their subsidiary Guggenheim Macro Opportunities Fund, with ~$5B under management, to be able to invest up to 10% of the fund into GBTC.
GBTC is a publicly traded vehicle representing shares of the Grayscale Bitcoin Trust which invests solely in Bitcoin. Given the failure of the SEC to approve a Bitcoin ETF, GBTC has become the de-facto Bitcoin ETF-like product for US markets. It almost always trades at a substantial premium to net-asset-value due to various details of the fund's underlying operating rules.
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