Today news
About the same in other media
11.11 - 13:03
MicroStrategy's and Grayscale Bitcoin Trust's Shares Now Compete with ETFs
Reading now: 222
cryptonews.comThe returns for shareholders in two popular proxies for the bitcoin (BTC) price, namely MicroStrategy(MSTR) and the Grayscale Bitcoin Trust (GBTC), have fallen well behind those of spot bitcoin holders this year, with some speculating that the two investment vehicles are no longer needed now that bitcoin ETFs exist.
Year-to-date, MicroStrategy’s share is up by about 89%, while shares of the Grayscale Bitcoin Trust are up by 53%, data from Morningstar showed.
At the same time, since the beginning of 2021, the spot price of bitcoin on Coinbase has risen by 120% since the beginning of 2021, from USD 28,870 on January 1 to 63,641 as of press time (13:02 UTC) on Friday.
Institutional investors, who often can’t or don’t want to hold bitcoin
Read more on cryptonews.comAbout this in other media
'Fast money' drives Bitcoin, ether to new record highs economictimes.indiatimes.com /3 years ago
Cryptocurrency Prices Today: Bitcoin, Ethereum hit new highs; Tether, Polkadot fall moneycontrol.com /3 years ago
Bitcoin Turns Into a Political Tool as US Mayors Compete For BTC Salaries cryptonews.com /3 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
