Tag: Trust

Patient Capital Management ditches Grayscale Bitcoin Trust for Bitcoin ETPs

Patient Capital Management shifts from Grayscale to Bitcoin ETPs diversify investment portfolio. An updated SEC filing shows that the firm has replaced Grayscale Bitcoin Trust with Bitcoin ETPs. The firm plans to allocate $200 million to Bitcoin ETPs. Patient Capital Management, a prominent asset management firm with $1.4 billion in assets under management, has updated […]

First Trust seeks SEC approval for Bitcoin ‘Buffer ETF’ to safeguard investors

First Trust files for Bitcoin Buffer ETF with SEC, aiming to mitigate risk via options. Buffer ETFs gaining momentum, 139 trading on US markets, $32.54B AUM. Buffer ETFs don’t guarantee complete protection, or assess risks. Financial services firm First Trust has recently submitted a filing with the US Securities and Exchange Commission (SEC) to launch […]

Google eases Crypto Trust Ads Policy ahead of potential Bitcoin ETF approval

Starting January 29, 2024, Google will allow US-based crypto trusts to advertise on its platform. Advertisers looking to promote crypto trusts must, however, undergo Google certification. Google’s policy update aligns with a broader industry trend and Bitcoin’s 74% surge in the past 90 days. In a strategic move, Google has revised its cryptocurrency-related advertising policy […]

Grayscale files to convert its Ethereum Trust into a spot Ethereum ETF

Grayscale is seeking for SEC’s approval to convert its Ethereum Trust to an Ethereum ETF. Grayscale’s Ethereum Trust manages nearly $5 billion in Ethereum assets. Transition to spot ETF offers direct and regulated cryptocurrency exposure. Grayscale Investments, a global leader in digital asset investment, is making headlines again as it seeks approval from the US […]

BitGo and Swan partner to launch a Bitcoin-only trust company

Key takeaways BitGo and Swan to launch a new trust company Crypto custodian BitGo and bitcoin financial services firm Swan have announced plans to launch a Bitcoin-only trust company.  According to the press release published on Thursday, the Bitcoin-only trust company will offer custody without exposure to other digital currencies. The trust, which will be launched […]

Why has the Grayscale Bitcoin Trust discount hit an all-time high?

Key Takeaways Grayscale is the largest Bitcoin fund in the world Discount to underlying asset (Bitcoin) has reached record levels, breaching 50% Concern about reserves, higher fees and other hurdles explain the discount, which likely won’t close anytime soon   The discount to net asset value of the Grayscale Bitcoin trust is at all-time highs. […]