Bitcoin Investment Trust
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GBTC
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$75.25
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+1.03%
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$74.85
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$75.27
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$73.11
Wed, December 13, 2023 | 3:20PM ET
Looks like investors starting to bid up Bitcoin and crypto stocks too post-FOMC
Fri, November 24, 2023 | 10:55AM ET
Mon, October 16, 2023 | 10:39AM ET
If you haven't checked crypto prices in the last hour, you might be surprised to find a 15-minute candle for Bitcoin that momentarily spiked to over$30,000. This sudden surge was driven by a rumor that the SEC had approved BlackRock's spot Bitcoin ETF. However, this rumor was quickly debunked, causing Bitcoin's price to stabilize just above its starting point for the day. On a more positive note, both crypto and traditional markets are responding favorably to the news that the SEC will not be appealing the Grayscale ruling. Bitcoin rallied overnight to hit$28,000, with other altcoins following suit. In traditional markets,GBTC1.03% is currently up around 8%,ETHE0.07% has increased by 4%, andCOIN-0.58% has climbed 3%.
Thu, September 7, 2023 | 5:16PM ET
It was an exceptional day for several crypto equities and trusts, particularlyCOIN-0.58% ,GBTC1.03% , andETHE0.07% . All have notably outperformedBTC andETH today. We believe this uptick could partially be attributed to the market's delayed response to yesterday's ETH ETF applications. We continue to regard GBTC and ETHE as a couple of the more favorable risk-reward opportunities in the market at the moment.
