GBTC | Jotup

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

Retrieved on:

Monday, September 25, 2023

Bitcoin, GBTC, Ecosystem, BTC, BlackBerry, Element, Share (finance), Cryptocurrency, Interior design, Grayscale

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.

Worldwide Digital Asset-Based Exchange Traded Products AUM Surges 51% Year-to-Date

Retrieved on:

Thursday, September 7, 2023

Year-to-date, total crypto AUM shows a premium growth of 63.5% compared to the underlying value of digital assets, which grew slower at 31.5% since the beginning of the year.

Key Points:

Year-to-date, total crypto AUM shows a premium growth of 63.5% compared to the underlying value of digital assets, which grew slower at 31.5% since the beginning of the year.
The decrease mirrored the drop in values of digital assets during the same period.
This performance closely mirrored the digital asset market and the ETPs digital asset market, showing the decision did not cause any major inflow for Grayscale.
ETPs include Exchange Traded Funds (ETFs) and Exchange Traded Notes (ETNs).

Worldwide Digital Asset-Based Exchange Traded Products AUM Surges 51% Year-to-Date

Retrieved on:

Thursday, September 7, 2023

Year-to-date, total crypto AUM shows a premium growth of 63.5% compared to the underlying value of digital assets, which grew slower at 31.5% since the beginning of the year.

Key Points:

Year-to-date, total crypto AUM shows a premium growth of 63.5% compared to the underlying value of digital assets, which grew slower at 31.5% since the beginning of the year.
The decrease mirrored the drop in values of digital assets during the same period.
This performance closely mirrored the digital asset market and the ETPs digital asset market, showing the decision did not cause any major inflow for Grayscale.
ETPs include Exchange Traded Funds (ETFs) and Exchange Traded Notes (ETNs).

Grayscale Investments® Prevails in Lawsuit Against the SEC to Convert GBTC to an ETF

Retrieved on:

Tuesday, August 29, 2023

Bitcoin, GBTC, ETP, Commission, Investment Company Act of 1940, ETF, Wardell, NYSE Arca, Court, Security (finance), BTC, D.C, Cryptocurrency, Grayscale

STAMFORD, Conn., Aug. 29, 2023 (GLOBE NEWSWIRE) -- Grayscale Investments® , the world’s largest digital currency asset manager, today announced the D.C.

Key Points:

STAMFORD, Conn., Aug. 29, 2023 (GLOBE NEWSWIRE) -- Grayscale Investments® , the world’s largest digital currency asset manager, today announced the D.C.
Circuit Court of Appeals ruled in Grayscale’s favor in its lawsuit challenging the decision by the Securities and Exchange Commission (SEC) to deny conversion of Grayscale Bitcoin Trust (BTC) ( OTCQX: GBTC ) to an ETF*.
The Court ruled in favor of Grayscale, stating the Firm “presented substantial evidence that Grayscale is similar, across the relevant regulatory factors, to bitcoin futures ETPs.
The Commission failed to adequately explain why it approved the listing of two bitcoin futures ETPs but not Grayscale’s proposed bitcoin ETP.

Major Shareholders of Grayscale® Bitcoin Trust and Grayscale® Ethereum Trust Urge Others to Join Lawsuit and Recover Value Lost to Grayscale's Mismanagement

Retrieved on:

Monday, August 21, 2023

WILMINGTON, Del., Aug. 21, 2023 /PRNewswire/ -- Alameda Research Ltd. ("Alameda"), UTXO Management ("UTXO"), and Balch & Bingham LLP today announced the launch of GrayscaleLitigation.com, where shareholders of the Grayscale® Bitcoin Trust and Grayscale® Ethereum Trust (together, the "Trusts") can join as co-plaintiffs in the previously announced litigation against Grayscale Investments, LLC ("Grayscale") filed by Alameda, a debtor affiliate of FTX Trading Ltd. and its affiliated debtors (together, the "FTX Debtors").

Key Points:

Balch & Bingham LLP is prepared to represent eligible shareholders in the lawsuit for zero out-of-pocket cost.
Shareholders of the Trusts are determined to recover value that has been lost and demand justice for Grayscale's consistent failure to protect shareholders' interests.
We've joined this lawsuit to recover the value in our digital assets and we encourage other shareholders to sign on too.
It's time to band together so we can get back the money that belongs to Grayscale shareholders, not Grayscale's principals."

Fir Tree Provides Update on GBTC Litigation and Comments on Grayscale’s Continued Refusal to Conduct a Tender Offer

Retrieved on:

Tuesday, July 11, 2023

Fir Tree Partners (“Fir Tree” or “we”), a meaningful shareholder of the Grayscale Bitcoin Trust (“GBTC”), today announced it has reached an agreement with Grayscale Investments (together with GBTC, “Grayscale”) and has issued the below statements regarding Grayscale’s continued refusal to conduct a tender offer that would unlock value for GBTC shareholders.

Key Points:

Fir Tree Partners (“Fir Tree” or “we”), a meaningful shareholder of the Grayscale Bitcoin Trust (“GBTC”), today announced it has reached an agreement with Grayscale Investments (together with GBTC, “Grayscale”) and has issued the below statements regarding Grayscale’s continued refusal to conduct a tender offer that would unlock value for GBTC shareholders.
Thereafter, Grayscale could conduct the tender offer within the statutory 20 business day tender period.
Upon completing the tender offer, Grayscale could continue to pursue its efforts to convert GBTC into an ETF.
Grayscale could even continue to pursue its efforts to convert GBTC into an ETF upon completing a tender offer.

Metalpha’s Next Generation Fund I Secures a Strategic Investment from Crypto Leader

Retrieved on:

Thursday, May 25, 2023

Bitcoin, GBTC, Partnership, Investment, Generation, Next Generation, Fund, Cryptocurrency

This strategic investment comes at a time of high growth for Metalpha’s licensed fund products, serving broad market demand among institutional investors, family offices and high-net-worth individuals for exposure to crypto.

Key Points:

This strategic investment comes at a time of high growth for Metalpha’s licensed fund products, serving broad market demand among institutional investors, family offices and high-net-worth individuals for exposure to crypto.
The Next Generation Fund I provides a regulated and compliant channel to invest in Grayscale Investments LLC's products through structured derivatives.
The Fund is raising $100 million in capital from global investors and has secured $20 million as of March, 2023.
As a company that has weathered multiple Bitcoin cycles, their expertise is invaluable to our mission and increased our confidence in the GBTC investment.

Grayscale® Solana Trust Now Trading on OTC Markets

Retrieved on:

Monday, April 17, 2023

STAMFORD, Conn., April 17, 2023 (GLOBE NEWSWIRE) -- Grayscale Investments® , the world’s largest digital currency asset manager, today announced that Grayscale® Solana Trust (the “Trust”) has begun trading on OTC Markets under the symbol: GSOL.

Key Points:

STAMFORD, Conn., April 17, 2023 (GLOBE NEWSWIRE) -- Grayscale Investments® , the world’s largest digital currency asset manager, today announced that Grayscale® Solana Trust (the “Trust”) has begun trading on OTC Markets under the symbol: GSOL.
Solana (SOL) is the native token of the Solana Network, a smart contract platform first conceived in a 2017 whitepaper.
The Solana Network was designed to allow users to write and implement smart contracts which are executed on the Solana blockchain in exchange for payment of SOL.
Grayscale® Basic Attention Token Trust ( OTCQB: GBAT ), Grayscale® Bitcoin Trust ( OTCQX: GBTC ), Grayscale® Bitcoin Cash Trust ( OTCQX: BCHG ), Grayscale® Chainlink Trust ( OTCQB: GLNK ), Grayscale® Decentraland Trust ( OTCQX: MANA ), Grayscale® Ethereum Trust ( OTCQX: ETHE ), Grayscale® Ethereum Classic Trust ( OTCQX: ETCG ), Grayscale® Filecoin Trust ( OTCQB: FILG ), Grayscale® Horizen Trust ( OTCQX: HZEN ), Grayscale® Litecoin Trust ( OTCQX: LTCN ), Grayscale® Livepeer Trust ( OTCQB: GLIV ), Grayscale® Stellar Lumens Trust ( OTCQX: GXLM ), Grayscale® Zcash Trust ( OTCQX: ZCSH ), Grayscale® Digital Large Cap Fund ( OTCQX: GDLC ) and Grayscale® DeFi Fund ( OTCQB: DEFG ) are also publicly-quoted and available to all investors with access to U.S. securities.

Fir Tree Comments on Grayscale’s Latest Excuse to Obstruct Shareholder Redemptions

Retrieved on:

Thursday, February 16, 2023

Professional Services, Finance, Bitcoin, Supreme, Fir Tree, Supreme court, ETF, Digital currency, Delaware Court, Delaware Court of Chancery, NAV, GBTC, Cryptocurrency, Security (finance), Grayscale

Fir Tree Partners (“Fir Tree” or “we”), a meaningful shareholder of the Grayscale Bitcoin Trust (“GBTC”), today issued the below statement in response to Grayscale Investments’ (together with GBTC, “Grayscale”) Twitter Spaces discussion held on February 8, 2023.

Key Points:

Fir Tree Partners (“Fir Tree” or “we”), a meaningful shareholder of the Grayscale Bitcoin Trust (“GBTC”), today issued the below statement in response to Grayscale Investments’ (together with GBTC, “Grayscale”) Twitter Spaces discussion held on February 8, 2023.
“For over seven years, Grayscale has pointed to the SEC’s Regulation M as the primary reason it cannot provide shareholder redemptions.
Simply put, Reg M does not prevent Grayscale from allowing shareholder redemptions and Grayscale knows it.
Fir Tree Partners remains committed to taking all available actions to ensure that Grayscale is held accountable for these issues.”

Fir Tree Comments on Grayscale’s Continued Obfuscation of the Facts and Refusal to Provide Clear Answers to GBTC Shareholders

Retrieved on:

Monday, January 9, 2023

Professional Services, Finance, Bitcoin, Comment, Delaware Court of Chancery, Complaint, Delaware Court, GBTC, Silviculture, Grayscale

Fir Tree Partners (“Fir Tree” or “we”), a meaningful shareholder of the Grayscale Bitcoin Trust (“GBTC”), today issued the below comment regarding GBTC and Grayscale Investments’ (together with GBTC, “Grayscale”) formal answer to Fir Tree’s lawsuit.

Key Points:

Fir Tree Partners (“Fir Tree” or “we”), a meaningful shareholder of the Grayscale Bitcoin Trust (“GBTC”), today issued the below comment regarding GBTC and Grayscale Investments’ (together with GBTC, “Grayscale”) formal answer to Fir Tree’s lawsuit.
Last month, Fir Tree filed a lawsuit in the Delaware Court of Chancery seeking information from Grayscale on potential mismanagement of and conflicts of interest at GBTC.
“Grayscale’s answer continues to obfuscate the facts and refuses to provide clear information to GBTC shareholders.
Fir Tree Partners remains committed to taking all available actions to ensure that Grayscale is held accountable for these issues and finally begins to act in the best interests of all shareholders.”