Get started

Gbtcusd

$GBTC Analysis After Spot Bitcoin ETF Launch- GBTC has been actively traded before the spot Bitcoin ETF approval - GBTC opened slightly higher today with much more trading volume - High trading volume = $36.8 million, much higher than the average $7.3 million trading volume over the past 30 days - GBTC is currently at a strong resistance target, which is concerning that the ETF approved as the price is approaching a key resistance level - The 1-week RSI is also extremely overbought and needs a correction
AMEX:GBTC
by realchartchamp
2
GBTC Skyrockets as Grayscale Wins Over SEC for Bitcoin ETFIntroduction: Exciting news has hit the cryptocurrency market as Grayscale Investments, the renowned digital asset management firm, has successfully won over the Securities and Exchange Commission (SEC) for a Bitcoin exchange-traded fund (ETF). This groundbreaking development has sent shockwaves through the industry, and traders now find themselves at the cusp of a golden opportunity. This article will explore how GBTC will skyrocket and why it's time to consider a long position on this incredible asset. a. First-Mover Advantage: As the first Bitcoin ETF approved by the SEC, GBTC enjoys a significant advantage over potential competitors. This head start ensures that GBTC will attract a substantial portion of the market, potentially leading to exponential growth in its value. b. Increased Institutional Adoption: Grayscale's success in securing SEC approval paves the way for increased institutional adoption of Bitcoin. With more institutional investors pouring funds into GBTC, the demand for this asset is set to skyrocket, driving its value even higher. c. Bitcoin's Bull Run Continues: With the increasing acceptance of Bitcoin as a legitimate asset class, its value has been on a steady upward trajectory. By investing in GBTC, traders can leverage Bitcoin's ongoing bull run to maximize their profits. Call-to-Action: Long GBTC and Ride the Bitcoin ETF Wave! As the cryptocurrency market enters a new era with Grayscale's SEC-approved Bitcoin ETF, the opportunity to long GBTC has never been more enticing. Don't miss out on this golden opportunity to capitalize on the potential gains offered by GBTC's imminent surge. Seize the moment, open your trading accounts, and position yourself to ride the Bitcoin ETF wave with GBTC! Disclaimer: Trading involves risk, and conducting thorough research and consulting with financial advisors is essential before making investment decisions. Note: This article is intended for informational purposes only and should not be construed as financial advice.
GLong
by bryandowningqln
$GBTC MARKET BREAKDOWN Grayscale Bitcoin Trust Market Breakdown Week of June 16th Been a while since I've updated my chart on this Since then made a few plays on my TD ameritrade account, bought along this accumulation zone at 10.82, sold at 12.1 (June 2) Bought 10.15, sold 10.82 (June 15) So obviously now if you read my recent posts, I am currently not in any positions and looking for entry now. Price gapped up today along with the futures of the stock market, $DJI & $SPX, I really don't think this price is sustainable and going to keep rising This would be the weirdest reversal i've ever seen, this entire market actually right now is just like wtf So cheap entry would be 11.02 along the topside of the accumulation zone, but i'd wait until 10.82 hits or even just the confirmation of a trend reversal I am not long and do not care about missing out on a few %'s, this is not normal market activity. Premiums on Grayscale on the Bitcoin Trust are at 515% and the Ethereum Trust is over 2000% premium Waiting on clear indication of trend reversal, and going to continue playing this chart in between the topside and downside of these trendlines until it either squeezes higher or lower. As always please do your own research, I am not a financial advisor.
G
by kyer
2
$GBTC | Grayscale® Bitcoin Trust What Is the Grayscale Bitcoin Trust? The Grayscale Bitcoin Trust is a digital currency investment product that individual investors can buy and sell in their own brokerage accounts. On January 21, 2020, it became an SEC reporting company, registering its shares with the Commission and designating the Trust as the first digital currency investment vehicle to attain the status of a reporting company by the SEC. This will allow accredited investors who purchased shares in the Trust’s private placement to have an earlier liquidity opportunity, as the statutory holding period of private placement shares would be reduced from 12 months to 6 months, according to SEC rules. More About the Grayscale Bitcoin Trust The Grayscale Investment Trust debuted as The Bitcoin Investment Trust on Sept. 25, 2013 as a private placement to accredited investors and, later on, received FINRA approval for eligible shares to trade publicly. This means that investors have access to buy and sell public shares of the Trust under the symbol GBTC. Grayscale Investments calls it a traditional investment vehicle with shares titled in the investor's name. Although the Trust is not an ETF itself, Grayscale says it's modeled on popular commodity investment products like the SPDR Gold Trust, a physically backed ETF. GBTC is traded publicly on the OTCQX, an over-the-counter market, under the Alternative Reporting Standard for companies not required to register with the Securities and Exchange Commission (SEC). Its success mirrors that of Bitcoin because its value is derived solely from that cryptocurrency. As of September 11, 2019, GBTC had approximately $2.16 billion in assets under management (AUM) and 2.4 million shares outstanding. The trust requires a minimum investment of $50,000 and charges an annual fee of 2.0 percent, which accrues daily, for accredited investors who wish to subscribe to the Trust as a private placement. On the other hand, investors are eligible to purchase as little as one share of the GBTC public quotation. Grayscale suggests that its management of the fund is worth more than the annual fee, and one of its major selling points is its security. Storing cryptocurrency safely is notoriously challenging, and the company assures investors that the Grayscale Bitcoin Trust's assets "are safeguarded by a robust security system that uses industry-leading security standards." As an investment vehicle which trades over-the-counter, GBTC is available for investors to buy and sell in the same way as virtually any U.S. security. As an example, GBTC can be traded through a brokerage firm, and it's also available within tax-advantaged accounts like IRAs or 401(k)s. Disadvantages of GBTC Andrew Left of Citron Research has publicly criticized the Grayscale Investment Trust, and Citron has tweeted that GBTC is the "most dangerous way to own Bitcoin." Possible disadvantages of investing in the Trust include paying high premiums along with the annual fee, along with the risk factors associated with the overall volatility in the cryptocurrency market, as well as with investments vehicles that aren't required to register with the SEC. Because the Trust is currently the only fund of its kind specifically for bitcoin, investors have been paying a high premium. In Sept. 2018, shares of GBTC traded at a high of $7.95, which was around 20% higher than the value of the bitcoin within the trust that each share represented at that time. Although that premium is significant, it’s lower than it has been in the past — GBTC has closed at prices more than two times the value of its underlying bitcoins. Grayscale offers that prices are dictated by the market and not by Grayscale itself, so price fluctuations may be a result of supply and demand. As of Oct. 2018, each share of GBTC represented less than 0.0001 bitcoin. That means it would take more than 1,000 shares of GBTC to own one bitcoin. GBTC saw a steady increase in 2017 and peaked at the end of the year. However, its performance in 2018 has fluctuated, and overall, GBTC has trended downward, with a nearly 65% year-to-date decline as of Oct. 2018. Steeper declines could mean that shares could lose most or all of their value. In 2019, as Bitcoin's price has generally trended upward, GBTC has followed.
GShort
by BlackMEX
3
GBTC: $10 Price Target ShortPlease don't take anything I say seriously or as financial advice, as always this is on opinion basis. That being said, let us get into a few key points. First off, I am not heavy on the institutionalization of Bitcoin, I feel like personally it is better to get $BTC as a cryptocurrency rather then investing in an investment vehicle derived for $BTC's price correlations. That being said, GBTC as an investment vehicle seems to be on a bullish run and has a $10 short potential, as well as seems to also have some long hold potential as well. I would set the next target to $10.
GShort
by gamer456148