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It’s Raining Bitcoin ETFs

It’s Raining Bitcoin ETFs

ATOMIC 91; Over the past month, Bitcoin has surprised us all, doubling down on the idea that it is a safe haven. If you have doubts about that, then don’t shoot the messenger, for those are the words of Blackrock’s CEO, Larry Fink. Back in March, when the

Congratulations Grayscale

Congratulations Grayscale

💡This issue covers GBTC, Ethereum (ETH), Polygon (MATIC), crypto regulation in Hong Kong, and institutional investing in the crypto space. The Grayscale Bitcoin Trust (GBTC) was the first publicly available Bitcoin Fund that could be traded over the stockmarket. It was launched by Barry Silbert on 25 September 2013, and

Trust Crypto or TradFi?

Trust Crypto or TradFi?

💡This issue covers Bitcoin (BTC), MakerDAO (MKR), Grayscale (GBTC), and Binance (BUSD). It is a simple idea, but Bitcoin and the stockmarket have always been correlated, albeit with radically different performance scales. To make the chart work, we need to put Bitcoin onto a log scale. I highlight four occasions

GBTC Soars as Shareholders HODL

GBTC Soars as Shareholders HODL

ByteTree Market Health Update; Issue 83 The Grayscale Bitcoin Trust (GBTC) remains the largest Bitcoin fund in the world, holding an estimated 653,847 BTC. ByteTree’s Bitcoin fund data shows all the Bitcoin funds hold 794,520 BTC, which means GBTC represents 82% of all BTC held by funds.

Investors Turn to Fundamentals as GBTC plunges to a 9% Discount

Investors Turn to Fundamentals as GBTC plunges to a 9% Discount

ByteTree Market Health Update; Issue 69 Bitcoin’s blockchain data is our linchpin as it reports the vibrancy of blockchain activity. It has always been the case that a growing network has coincided with a rising bitcoin price and vice versa. That said, the past few months have seen another

The Implications of the Grayscale Discount

The Implications of the Grayscale Discount

ByteTree Market Health Update; Issue 68 The arrival of institutional investors into Bitcoin has been the game-changer. The last Bitcoin halving was a year ago, and since then, these funds have bought more Bitcoin than the miners have generated. Of all the reasons why Bitcoin has been strong over recent