Is grayscale Bitcoin Trust a publicly traded Trust?

The Grayscale Bitcoin Trust is one of several publicly traded trusts, although Grayscale is by far the largest. Rival ETC Group’s Bitcoin product has a market cap of $1.2 billion, as of April 2021, and Wisdom Tree’s Bitcoin product has a market cap of $329.6 million.

Will Digital Currency Group buy GBTC shares?

In the meantime, Digital Currency Group—which owns Grayscale—has expressed plans to buy up to $250 million worth of shares in the GBTC. DCG said it would use cash on hand and purchase the shares on the open market. By increasing demand in this way, it may partially offset the negative premium.

How many grayscale funds are traded on the OTCQX market?

As of April 2021, six of Grayscale’s funds were traded publicly on the OTCQX market: Bitcoin Cash, Grayscale Bitcoin Trust, Grayscale Ethereum Trust, Grayscale Ethereum Classic Trust, Grayscale Digital Large Cap Fund, and the Grayscale Litecoin Trust.

What does DCG stand for?

Digital Currency Group ( DCG) is a venture capital company focusing on the digital currency market. It is located in Stamford, Connecticut. The company has five subsidiaries: CoinDesk, Foundry, Genesis, Grayscale Investments, and Luno. Digital Currency Group was launched in 2015 by Barry Silbert, the former CEO of SecondMarket, Inc.