How many bitcoin does GBTC own?

As of April 2021, the GBTC holds 654,885 Bitcoin. This represents roughly 46% of the 1.4 million Bitcoin that is currently held by publicly traded companies.

How much Bitcoin does GBTC own?

GBTC currently holds roughly 3.4% of the world’s supply of Bitcoin, according to Grayscale.

Who owns the most GBTC?

Top 10 Owners of Grayscale Bitcoin Trust (BTC)

Stockholder Stake Shares owned
ARK Investment Management LLC 1.14% 7,894,492
Horizon Kinetics Asset Management… 0.34% 2,316,550
Simplify Asset Management, Inc. 0.05% 320,291
Miller Value Partners LLC 0.04% 300,000

What fund owns the most Bitcoin?

With $37 billion in assets, the Grayscale trust is the world’s largest Bitcoin fund. It towers over every other fund on the market. Its next-closest rival, the ProShares Bitcoin Strategy (BITO) exchange-traded fund, has racked up $1.3 billion in assets since launching in October.

What happens if GBTC becomes an ETF?

The Grayscale Bitcoin Trust has officially filed to change from a CEF to an ETF. If successful, the roughly 16% discount between the price of GBTC and its net asset value will be closed, earning investors a risk premium.

How many bitcoin does MicroStrategy own?

“Today, MicroStrategy is the world’s largest publicly traded corporate owner of Bitcoin with over 114,000 Bitcoins.

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Can retail investors buy GBTC?

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.

Does Ark invest own GBTC?

According to a subscription to the firm’s trade activity, Cathie Wood’s ARK Invest purchased an additional 310,067 shares of the Grayscale Bitcoin Trust (GBTC) yesterday. … The shares were worth approximately $7.8 million at the time of purchase.

Can you buy Bitcoin through Vanguard?

Investors can’t buy Bitcoin, Ripple, Dogecoin, Ethereum, and other crypto currencies on Vanguard. However, they can open an account at one of the most popular crypto currency exchanges in the world called Coinbase that provides a huge number of popular coins and alt-coins at an attractive price.

Who is Michael Sonnenshein?

Michael Sonnenshein is the Managing Director at Grayscale Investments®, the world’s largest digital currency asset manager. … In this role, Michael oversees the daily operations and growth of the business.

Which ETF holds GBTC?

As of January 2020, there is still only one publicly traded exchange-traded fund investing in bitcoin, the Grayscale Bitcoin Trust (GBTC). Investors can get indirect exposure to bitcoin through the ARK Next Generation Internet ETF (ARKW) which holds the Bitcoin Trust in its portfolio.

Will GBTC become an ETF?

GBTC has no chance of converting to an ETF anytime soon, based on SEC Chairman Gary Gensler’s recent guidelines for Bitcoin ETF approval. A successful filing will need to be futures-based and regulated under the 1940 Act, and GBTC is neither.

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