-
Grayscale Bitcoin Trust Gets a Bullish Bump After BlackRock ETF Filing
Last week, $9.5 trillion asset manager BlackRock made a seismic move by applying to the U.S. Securities and Exchange Commission (SEC) for a Bitcoin exchange-traded fund (ETF). The ripple effects of the traditional finance titan have, apparently, propped up investor sentiment and sent Grayscale’s Bitcoin Trust (GBTC) flying. GBTC jumped more than 12% on the news before markets closed on Friday, with share prices reaching $15.12, according to Yahoo Finance. U.S. markets were closed on Monday in observance of Juneteenth, a federal holiday commemorating the day word reached Texas that enslaved people had been ... (full story)