GBTC

Bitcoin Price Passes $56k As Traders Pour Over $1 Million into Green Bitcoin ICO

Retrieved on: 
Tuesday, February 27, 2024

NEW YORK, Feb. 27, 2024 /PRNewswire/ -- Bitcoin is booming and so is Green Bitcoin ($GBTC) .

Key Points: 
  • NEW YORK, Feb. 27, 2024 /PRNewswire/ -- Bitcoin is booming and so is Green Bitcoin ($GBTC) .
  • Bear in mind that lesser bitcoin derivative coins have seen price gains of 20,000% or more, such as HarryPotterObamaSonic10Inu ($BITCOIN).
  • As contributors flock to the promise of this innovative rewards system, Green Bitcoin has recently smashed its first fundraising milestone of $1 million raised.
  • By combining a novel staking mechanism with this gamified functionality, Green Bitcoin aims to foster an immersive community of Bitcoin traders for highly-charged community predictions.

Bitcoin Price Passes $56k As Traders Pour Over $1 Million into Green Bitcoin ICO

Retrieved on: 
Tuesday, February 27, 2024

NEW YORK, Feb. 27, 2024 /PRNewswire/ -- Bitcoin is booming and so is Green Bitcoin ($GBTC) .

Key Points: 
  • NEW YORK, Feb. 27, 2024 /PRNewswire/ -- Bitcoin is booming and so is Green Bitcoin ($GBTC) .
  • Bear in mind that lesser bitcoin derivative coins have seen price gains of 20,000% or more, such as HarryPotterObamaSonic10Inu ($BITCOIN).
  • As contributors flock to the promise of this innovative rewards system, Green Bitcoin has recently smashed its first fundraising milestone of $1 million raised.
  • By combining a novel staking mechanism with this gamified functionality, Green Bitcoin aims to foster an immersive community of Bitcoin traders for highly-charged community predictions.

Grayscale Investments® Receives SEC Approval to Uplist Grayscale Bitcoin Trust to NYSE Arca as Spot Bitcoin ETF

Retrieved on: 
Wednesday, January 10, 2024

STAMFORD, Conn., Jan. 10, 2024 (GLOBE NEWSWIRE) -- Grayscale Investments®, the world’s largest crypto asset manager*, today announced that the U.S. Securities and Exchange Commission (SEC) has approved NYSE Arca’s application pursuant to Rule 19b-4 under the Securities Exchange Act of 1934 to list the shares of its flagship product, Grayscale Bitcoin Trust (BTC) (OTCQX: GBTC) and is expected to declare GBTC’s registration statement on Form S-3 effective as of 5:00 p.m. EST today. The approval of the application and effectiveness of the registration statement will allow GBTC to operate as a spot Bitcoin ETF and will make it among the first such products to be brought to market in the U.S. GBTC shares will be listed on NYSE Arca under the Ticker: GBTC.

Key Points: 
  • Shares of GBTC are expected to commence trading on NYSE Arca on January 11, 2024.
  • Once GBTC shares start trading on NYSE Arca, GBTC shares will cease trading on the OTC Markets and will have automatically been uplisted to NYSE Arca as shares of a spot Bitcoin ETF.
  • Current GBTC shareholders do not have to take any action prior to GBTC’s expected uplisting to NYSE Arca.
  • Grayscale believes these changes will enable GBTC to more closely track the value of its underlying Bitcoin holdings, after deduction of expenses.

Bitcoin: four reasons why the price should surge in 2024

Retrieved on: 
Friday, January 5, 2024

Notably there was the conviction of FTX CEO Sam Bankman-Fried for fraud.

Key Points: 
  • Notably there was the conviction of FTX CEO Sam Bankman-Fried for fraud.
  • Viewed as a test case for the majority of cryptocurrencies, the US Securities Exchange Commission (SEC) is currently appealing.
  • While all this was happening, the bitcoin price rose away from the lows of late 2022.

1. ETFs

  • ETFs already exist for everything from oil to the FTSE 100 to even regions and countries.
  • Until now, the only ETFs permitted for crypto in the US have been for the futures markets.
  • There are various reasons why many commentators think the SEC may now end its opposition to such an ETF.
  • Further, Hong Kong’s regulatory authority has announced it is open to spot bitcoin ETF applications and has laid down guidelines permitting several varieties.
  • As well as the basic model that we may soon see in the US, where investors would buy into bitcoin ETFs with dollars, Hong Kong is open to a second variety known as “in-kind”.

2. Interest rates

  • Jerome Powell, chair of US central bank the Federal Reserve, has indicated that interest rates may have peaked, and that the Fed is likely to cut them during 2024.
  • If interest rates are cut or even stabilise in 2024, it could make bitcoin (and other digital assets) more attractive to investors, since its limited supply makes it a hedge against traditional currencies losing value over time.


In addition, the US and other economies may enter a recession in the later half of 2024 due to the lagged effects of the interest rate hikes. Equally, we saw a number of bank failures in 2023, predominantly in the US. In the event of a recession or more bank problems, governments may be forced to provide stimulus packages and print more money. This would further devalue currencies and make bitcoin still more attractive.

3. The halving

  • Bitcoin runs on an online ledger known as a blockchain, in which entries are validated by “miners” using arrays of computers to solve complex mathematical puzzles.
  • The reward began at 50 bitcoin in 2009 and is expected to fall from 6.25 bitcoin to 3.125 bitcoin around the middle of April 2024.
  • Halving effects

4. Blockchain developments

  • Until now, NFTs and new cryptocurrencies have mostly been issued on other blockchains such as ethereum.
  • We are also seeing growing adoption of the Lightning network, a layer above the bitcoin blockchain that enables much faster transactions.
  • All these changes are resulting in increased demand for bitcoin, which in turn may lead to higher prices.


Andrew Urquhart owns some cryptocurrencies. Hossein Jahanshahloo does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

Bitcoin Price Can Hit $120,000 But Traders Pour $500,000 into Bitcoin ETF Token For 10x Explosion at Launch

Retrieved on: 
Monday, November 13, 2023

Bitcoin to $50,000 by year-end, Bitcoin ETF Token is the best way to play the ETF upside, raises $500k

Key Points: 
  • Bitcoin to $50,000 by year-end, Bitcoin ETF Token is the best way to play the ETF upside, raises $500k
    With the FOMO building, the new Bitcoin ETF Token, in presale now, has raised $504,000 as traders increasingly see it as one of the best ways to gain exposure to the upside from the spot Bitcoin ETF theme.
  • There is no time to lose to buy the Bitcoin ETF Token, given the positive vibe in the market regarding ETF approvals and the halving bull cycle.
  • It also means that Bitcoin ETF-themed crypto assets such as Bitcoin ETF Token will continue to be the recipient of a fast-growing pot of trader and investor funds.
  • Bitcoin ETF Token is deflationary – it has a price-supporting burn mechanism because it reduces the total token supply.

Bitcoin Price Can Hit $120,000 But Traders Pour $500,000 into Bitcoin ETF Token For 10x Explosion at Launch

Retrieved on: 
Monday, November 13, 2023

Bitcoin to $50,000 by year-end, Bitcoin ETF Token is the best way to play the ETF upside, raises $500k

Key Points: 
  • Bitcoin to $50,000 by year-end, Bitcoin ETF Token is the best way to play the ETF upside, raises $500k
    With the FOMO building, the new Bitcoin ETF Token, in presale now, has raised $504,000 as traders increasingly see it as one of the best ways to gain exposure to the upside from the spot Bitcoin ETF theme.
  • There is no time to lose to buy the Bitcoin ETF Token, given the positive vibe in the market regarding ETF approvals and the halving bull cycle.
  • It also means that Bitcoin ETF-themed crypto assets such as Bitcoin ETF Token will continue to be the recipient of a fast-growing pot of trader and investor funds.
  • Bitcoin ETF Token is deflationary – it has a price-supporting burn mechanism because it reduces the total token supply.

Bitcoin Price Hits $37,000 While Bitcoin ETF Token Smashes $150,000 as High-Profit Alternative

Retrieved on: 
Thursday, November 9, 2023

The Bitcoin ETF Token links its valuation to the progress of the spot Bitcoin ETF US Securities and Exchange Commission (SEC) approval process, for which a minimum eight-day window opened on Thursday.

Key Points: 
  • The Bitcoin ETF Token links its valuation to the progress of the spot Bitcoin ETF US Securities and Exchange Commission (SEC) approval process, for which a minimum eight-day window opened on Thursday.
  • Bitcoin ETF Token is also a lower-risk, higher-reward proposition, making it attractive to hot money speculative traders and longer-term investors.
  • The story doesn't end there – Bitcoin ETF Token also has a deflationary burn mechanism that is price-supportive because it reduces the total token supply.
  • The $BTCETF token is probably one of the smartest and cheapest ways to capture the alpha returns promised by the launch of a spot Bitcoin ETF.

Bitcoin Price Hits $37,000 While Bitcoin ETF Token Smashes $150,000 as High-Profit Alternative

Retrieved on: 
Thursday, November 9, 2023

The Bitcoin ETF Token links its valuation to the progress of the spot Bitcoin ETF US Securities and Exchange Commission (SEC) approval process, for which a minimum eight-day window opened on Thursday.

Key Points: 
  • The Bitcoin ETF Token links its valuation to the progress of the spot Bitcoin ETF US Securities and Exchange Commission (SEC) approval process, for which a minimum eight-day window opened on Thursday.
  • Bitcoin ETF Token is also a lower-risk, higher-reward proposition, making it attractive to hot money speculative traders and longer-term investors.
  • The story doesn't end there – Bitcoin ETF Token also has a deflationary burn mechanism that is price-supportive because it reduces the total token supply.
  • The $BTCETF token is probably one of the smartest and cheapest ways to capture the alpha returns promised by the launch of a spot Bitcoin ETF.

Grayscale Investments Files S-3 Registration Statement for Grayscale Bitcoin Trust

Retrieved on: 
Thursday, October 19, 2023

STAMFORD, Conn., Oct. 19, 2023 (GLOBE NEWSWIRE) -- Grayscale Investments®, the world’s largest crypto asset manager, today announced it filed with the U.S. Securities and Exchange Commission (“SEC”) a registration statement on Form S-3 to register shares of Grayscale Bitcoin Trust (BTC) (OTCQX: GBTC) under the Securities Act of 1933, as amended (the "Securities Act").

Key Points: 
  • STAMFORD, Conn., Oct. 19, 2023 (GLOBE NEWSWIRE) -- Grayscale Investments®, the world’s largest crypto asset manager, today announced it filed with the U.S. Securities and Exchange Commission (“SEC”) a registration statement on Form S-3 to register shares of Grayscale Bitcoin Trust (BTC) (OTCQX: GBTC) under the Securities Act of 1933, as amended (the "Securities Act").
  • A copy of the prospectus, when available, may be obtained by email from Grayscale Investments by emailing [email protected].
  • A registration statement relating to the shares has been filed with the SEC, but has not yet been declared effective.
  • The shares may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective.

Grayscale Investments® Unveils New Brand in Celebration of 10th Anniversary

Retrieved on: 
Monday, September 25, 2023

Since 2013, Grayscale has spearheaded digital asset investing and is proud to have grown GBTC into the world’s largest Bitcoin investment vehicle.

Key Points: 
  • Since 2013, Grayscale has spearheaded digital asset investing and is proud to have grown GBTC into the world’s largest Bitcoin investment vehicle.
  • To honor our heritage and convey our excitement for the next decade, today we are unveiling our new brand,” said Grayscale CEO Michael Sonnenshein.
  • New Brand Colors: Grayscale intentionally selected a unique, more inclusive color palette that represents its increasingly diverse cross-section of investors.
  • Please visit us at the newly redesigned grayscale.com to see Grayscale’s new brand and website.