Grayscale Bitcoin Trust

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GBTC is passively managed, offering exposure to the daily USD spot price of bitcoin (BTC). An investment in the fund is not a direct investment in bitcoin.

Shares of crypto-exposed stocks like Coinbase, Marathon Digital rallied more than TK% on the news.

U.S. Court Paves Way For Grayscale's Bitcoin ETF—Sending Crypto Prices Surging

(Kitco News) - Cryptocurrency prices are trending higher after an appeals court ruled in favor of Grayscale and ordered the SEC to review its application to convert GBTC into an ETF.

Grayscale wins court ruling in battle with SEC for Bitcoin ETF

Bitcoin soared 6% on Tuesday after Grayscale won its crypto case against the SEC. Grayscale sued the SEC in 2022 after the agency rejected its application to turn its bitcoin trust into an ETF.

Bitcoin surges after court clears the way for Grayscale to turn its crypto trust into an ETF, handing the SEC a defeat

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*.

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

WASHINGTON—A federal judge ruled Tuesday that the Securities and Exchange Commission must reconsider crypto asset manager Grayscale Investments' application to launch the first bitcoin exchange-traded fund, dealing a loss to the regulator.

Grayscale Wins Lawsuit Against SEC Over Bitcoin ETF

Bitcoin rallied almost 6% on Tuesday after a federal court paved way for Grayscale Investment to launch the first bitcoin exchange-traded fund in the U.S.

Bitcoin jumps after U.S. court ruling clears way for first ETF investing in the crypto

Grayscale Investments could soon convert its Bitcoin Trust product into an exchange-traded fund after a federal appeals court ordered the Securities and Exchange Commission to vacate its rejection of the product Tuesday.

First bitcoin ETF must be reconsidered by SEC, court rules

NVIDIA

C3.ai

Carnival

Coinbase

DraftKings

Marathon Digital Holdings

Palantir Technologies

Royal Caribbean Cruises

Millennial investors are on a roll. And Nvidia isn't their only runaway S&P 500 stock winner.

Millennials Hit The Jackpot On 10 Stocks — Nvidia Is Just One

Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF

Critics and some investors may debate the usage case of cryptocurrency among professional market participants and high-ranking financial executives. However, many pros see utility and value in blockchain technology.

Long-Term Blockchain Bets Could Be Rewarding

Ebang International Holdings

MicroStrategy Incorporated

Riot Blockchain

Several crypto-related stocks and funds have staged a spectacular rally this year, outperforming major cryptocurrencies, despite U.S. regulators' ongoing scrutiny of the industry.

Why some crypto stocks surged up to 400% this year, outperforming bitcoin

The rush of big Wall Street companies getting ready to launch bitcoin funds is threatening to turn into a stampede.

Expect this stock to jump as much as 50% if Fidelity and BlackRock bitcoin ETFs get approved

Applied Blockchain Inc

ProShares Bitcoin Strategy ETF

Hut 8 Mining Corp

Charles Schwab

Bitcoin is up more than 75% year-to-date. Though many concerns exist, three major catalysts are likely to propel prices higher into the end of the year.

Bitcoin Rocket Fuel: 3 Catalysts to Propel it Higher into Year End

Blackrock Inc

Bitcoin just completed a technical chart pattern that may indicate the start of another major bull market. Additionally, with the Fed likely cutting interest rates, a Bitcoin ETF in the pipeline, and a new credible exchange, it might be time to get involved.

Time to Buy Bitcoin? Multiple Bullish Catalysts on the Horizon (revised)

Time to Buy Bitcoin? Multiple Bullish Catalysts on the Horizon

Grayscale Ethereum Trust

Crypto Waves Founder Ryan Wilday discusses his Bitcoin thesis and preference for BITO over GBTC. Wilday emphasizes the importance of cash management and diversification in investment portfolios, including bonds, stocks, gold, and cryptocurrencies like Bitcoin and Ethereum.

Cryptocurrencies And Elliott Wave Analysis With Ryan Wilday

Tesla

With its innovative products, Coinbase stands to benefit from increased cryptocurrency adoption. Bitcoin could be set up for significant returns as economic turbulence persists.

3 Bargain Investments That Cathie Wood Loves

I see 19% weighted average return to GBTC from a legal opinion that could come by the summer. Conversion to an ETF could close the current 40% discount to NAV almost overnight.

Grayscale Bitcoin Trust: Will They Win The ETF Case? And When?

Shopify

“Cathie Wood Stocks” is a phrase that many investors have come to recognize. As a tech hawk and the founder of Ark Investment Trust (NYSEARCA: ARKK ), Cathie Wood is known for her aggressive plays in the stock market — but that doesn't mean she's without mistake.

Cathie Wood Is Making a Huge Mistake With These 3 Stocks

Judges appear to be sympathetic to Grayscale's assertions its application for a spot Bitcoin ETF wasn't treated apples to apples. If Grayscale wins the lawsuit against the SEC, it could lead to a spot ETF being approved.

Grayscale Bitcoin Trust: ETF Conversion Could Happen Sooner Than Many Expected

Bitcoin is breaking out above its critical $25,000 level, which has been acting as stubborn upside resistance for the last nine months. Briefly trading above $27,000 on Friday morning, Bitcoin looks like it's trying to mount another bull trend.

GBTC: The One Place to Buy Bitcoin for 58 Cents on the Dollar

Grayscale Investments' Bitcoin Trust has soared this week, while the firm's chief executive officer is feeling encouraged about its legal battle to convert the investment vehicle into an exchange-traded fund.

GBTC jumps this week while Grayscale CEO ‘encouraged' after oral arguments in court battle with SEC over spot bitcoin ETF

In an appearance on Bloomberg Markets on Wednesday afternoon, Michael Sonnenshein, CEO of crypto investment firm Grayscale Investments, said he expects a potential ruling by the third quarter this year on his firm's lawsuit against the U.S Securities and Exchange Commission which is seeking to convert Grayscale Bitcoin Trust GBTC, +1.05% to an ETF.

Grayscale CEO Michael Sonnenshein: “We remain hopeful that the courts will be ruling in our favor”

Hashdex Bitcoin ETF

Judges on the U.S. Court of Appeals for the D.C. Circuit appeared to lean toward Grayscale Investments when it heard arguments Tuesday morning between the firm and the U.S. Securities and Exchange Commission in a lawsuit over regulator's refusals to allow the $14 billion Grayscale Bitcoin Trust (GBTC) to convert into an ETF.

Judges Grill SEC Over GBTC Conversion Denial

(Kitco News) - Grayscale faces legal battles on multiple fronts as it sues the SEC for the ability to convert GBTC to an ETF while Alameda files suit against the structure of GBTC and ETHE.

A battle on two fronts: Grayscale sues the SEC as Alameda sues Grayscale

Grayscale Bitcoin Trust, or GBTC, saw its share price rally almost 9% Tuesday, after a panel of judges appeared to be skeptical about the U.S. Securities and Exchange Commission's arguments during an appeals court hearing, as Grayscale continues its push to convert GBTC into an exchange-traded fund.

News for Grayscale Bitcoin Trust ETF (GBTC)