|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||13.06 - 14.78|
|52 Week Range||3.66 - 17.40|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||8.35|
Bitcoin ends the month with its best monthly gain in a year, and Grayscale Investments, which offers its publicly traded bitcoin trust, is running an ad urging investors to drop gold for bitcoin. Yahoo Finance's Zack Guzman and Sibile Marcellus are joined by Thornton McEnery, Dealbreaker Executive Editor, to discuss.
Grayscale Investments is launching a new national ad campaign that encourages you to buy Bitcoin and drop gold. CEO of Grayscale, Barry Silbert, joins Yahoo Finance to break down the details.
The mid-year update covers a range of topics surrounding the digital currency ecosystem, including historical price movements and flows, current trends, and perspectives going into the second half of the year. Grayscale Investments is the world’s largest digital currency asset manager.
OUTSIDE THE BOX Here are four stocks, two of them chip makers, that are moving on news and technical momentum. Advanced Micro Devices (AMD) jumped $1.11 to $33.15 on 61.2 million shares Tuesday. An analyst raised his target price on the stock as the company received favorable reviews this week for its latest PC chip and said some new products would be available worldwide.
Grayscale Investments, the sponsor (the "Sponsor") of Grayscale Bitcoin Trust (OTCQX: GBTC) (the "Trust"), today announced that the Trust will resume the private placement of its shares. The Trust’s investment objective is for the value of its shares to reflect the price performance of Bitcoin (based on Bitcoin per Share), less fees and expenses.
Grayscale Investments is the world’s largest digital currency asset manager. With a proven track record and unrivaled experience, we give investors the tools to make informed investing decisions in a burgeoning asset class.
The weekend is typically a time for traders to take a breather and get their minds off the market for a couple of days. Volatility in bitcoin over the weekend is certainly no new occurrence. There are multiple theories as to why bitcoin has such extreme weekend moves, but big swings in prices are almost always driven to some extent by lack of liquidity.
and some negative stories about the U.S.-China trade negotiations, the market continues to trade randomly in a narrow range. It has been a dull market lately with limited movement which has caused a number of traders to chase Bitcoin. Bitcoin fell sharply overnight for no specific reason which is a good example of what happens when you are trading something with no intrinsic value.
The world’s No.1 cryptocurrency hit its highest level in about 17 months on Thursday, extending a month long rally.
The market had some optimistic headlines to work with Wednesday morning about a possible U.S.-China trade deal, but it turned into a dull session. In a dull market traders will seek out some action in certain sectors.
The most difficult markets to trade are those that don't have strong emotions. That is what we have Monday morning as market players digest last week's gains and look ahead to the next set of potential catalysts.
Compound interest might be the most powerful force in the universe, but FOMO can’t be far behind, especially as it relates to bitcoin. But will it lead to bitcoin $40,000?
As has been widely reported, stocks tumbled in May with S&P 500 losing 5.67%. Indeed, riskier assets were not in style last month, but there was at least one exception: bitcoin. The largest digital currency by market capitalization surged 67% last month. After starting at $5,265 on May 1, bitcoin closed around $8,900 on May 31.Bitcoin's May performance is all the more impressive when considering U.S. regulators continue delaying decisions on ETFs linked to the cryptocurrency. Last month, the SEC again delayed a decision on the fate of a bitcoin ETF proposed by VanEck and fintech firm SolidX Management LLC.While data suggest a majority of investing Americans would prefer to access bitcoin via an ETF, the SEC is no hurry to approve a bitcoin ETF.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Bank Stocks to Leave in the Vault It could be a while before regulators give the greenlight for cryptocurrency ETFs, but here some funds that can investors involved with bitcoin. Grayscale Bitcoin Investment Trust (GBTC)Source: Shutterstock Expense ratio: 2%, per year, or $200 on a $10,000 investment.The Grayscale Bitcoin Investment Trust (OTCMKTS:GBTC) was one of the first vehicles using the fund structure to give investors exposure to bitcoin, but to be clear, GBTC is not structured as an ETF.GBTC, which represents fractional bitcoin ownership, "enables investors to gain exposure to the price movement of bitcoin through a traditional investment vehicle, without the challenges of buying, storing, and safekeeping bitcoins," according to Grayscale.There are some drawbacks with GBTC, including an expense ratio that is well above the average fee found on ETFs -- or even actively managed mutual funds. Additionally, GBTC is currently closed to new investors, but interested parties should continue checking the fund's website because GBTC is periodically opened throughout the year.Finally, GBTC can often trade at significant premiums to bitcoin. Based on the fund's recent closing price, it reflects a bitcoin price north of $11,000, not the digital asset's true prices of just under $9,000. Grayscale Digital Large Cap FundSource: Shutterstock Expense ratio: 3%The Grayscale Digital Large Cap Fund, which debuted in February 2018, is an idea, albeit a pricey one, for investors looking for exposure to multiple digital currencies, including bitcoin."Grayscale Digital Large Cap Fund enables investors to gain exposure to the price movement of a diversified mix of large cap digital assets through a traditional investment vehicle, without the challenges of buying, storing, and safekeeping digital assets," according to the issuer. * 5 Stocks Under $10 With Big Upside Potential The fund devotes 70% of its weight to bitcoin and also has allocation to ethereum, XRP, bitcoin cash and litecoin. This bitcoin spent its first year on the market available only to accredited investors (those investors with annual income of $200,000 or a net worth of over $1 million), but it is expected to become available to a wider audience. Amplify Transformational Data Sharing ETF (BLOK)Source: Shutterstock Expense ratio: 0.70%The Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK) is a not dedicated bitcoin ETF. It actually does not hold any bitcoin. Rather, BLOK is a play on the blockchain, the digital ledger on which bitcoin transactions are stored. However, blockchain technology has myriad applications beyond the cryptocurrency space.This actively managed, thematic fund holds 52 stocks, including Internet, financial services, bank, software and semiconductor names. BLOK is also a global fund with over 56% of its weight allocated to companies from outside North America.There is a long-term case for BLOK because of the array of industries that adopting blockchain technologies. Blockchain is already being used across the financial services industry, in healthcare and in conjunctions with smartphones and mobile devices. It's also expected to be a cornerstone of connected devices and the Internet of Things theme.Give BLOK some credit, too. It may be showing some correlation to bitcoin because the fund lost just 2.50% last month as the S&P 500 slid 5.67%. ARK Innovation ETF (ARKK)Source: Shutterstock Expense ratio: 0.75%The ARK Innovation ETF (NYSEARCA:ARKK) is not a cryptocurrency ETF, but it merits a place in this conversation because, at one point, ARKK held a sizable position in the aforementioned GBTC. ARKK is an actively managed fund so it can move in and out of positions, meaning it is possible that the fund will eventually renew its bitcoin exposure.ARKK's managers deserve some credit for their crypto expertise. The fund surged in 2017 as digital currencies prices soared, but ARKK's management team trimmed its GBTC exposure in early 2018, just before bitcoin plunged.Companies found in ARKK include "DNA technologies, industrial innovation in energy, automation and manufacturing, the increased use of shared technology, infrastructure and services and fintech," according to the issuer. * 4 CBD Stocks to Buy for Mainstream Marijuana Profits Currently, ARKK's headwind is not bitcoin exposure or lack thereof. It is a 10% weight to Tesla Inc. (NASDAQ:TSLA). The Bitwise 10 Private Index FundSource: Shutterstock Expense ratio: 2.50% of assets under management.The Bitwise 10 Private Index Fund is the first crypto-based index fund and it holds the 10 largest digital currencies. Those assets are weighted by five-year diluted market values.The fund devotes nearly two thirds of its weight to bitcoin with ethereum and ripple combining for 20.10% of the fund's weight. Assets in the fund are rebalanced on a monthly basis and the minimum investment is $25,000."Assets are held in 100% cold storage, audited annually, and purchased across several liquidity providers to seek best execution," according to Bitwise. "Bitwise actively evaluates network opportunities including hard forks, airdrops, staking rewards, super- and master-node rewards, and emissions, and captures available benefits for fund investors where appropriate."For the three months ending April 30, the fund returned 47.40%.Todd Shriber does not own any of the aforementioned securities.Compare Brokers The post 5 Funds to Consider for Bitcoin's Resurgence appeared first on InvestorPlace.
Mark Yusko, CEO and Chief Investment Officer of Morgan Creek Capital Management, joined Benzinga’s PreMarket Prep trading show on Wednesday morning. Yusko discussed the recent rally in bitcoin, which has sent the Grayscale Bitcoin Trust (OTC: GBTC) up 10.5 percent in the past two weeks. Metcalfe’s Law is a formula used to calculate the value of computer and telecommunications networks that states that a network’s value is proportional to the square of its users.
New York, May 23, 2019 -- Grayscale Investments, LLC (“Grayscale”), a global leader in digital currency asset management, today announced that common units of fractional.
CBS’s “60 Minutes” featured an in-depth story by Anderson Cooper about bitcoin on Sunday night. After a disastrous 2018, bitcoin prices have rebounded so far in 2019 but remain well below their all-time ...
Bitcoin price spiked past $8,000 intraday, but Bitcoin and most other cryptocurrencies and Bitcoin-related stocks erased gains or turned lower.
After a brutal price crash in 2018 dropped bitcoin prices from near $20,000 to below $3,400, bitcoin has come roaring back so far in 2019. Bitcoin prices have only been above $10,000 two other times. In that instance, bitcoin prices ripped through $10,000 and hit its all-time high of $19,783 within roughly a month’s time.
New York, May 13, 2019 -- Grayscale Investments, LLC, a global leader in digital currency asset management, today released its 2019 Q1 Grayscale Digital Asset Investment.
Cryptocurrencies are staging a major come-back. For example, cryptocurrency Bitcoin bottomed out at around $3,360 at the start of the year and traded recently at $5,700. Now, with reports that Fidelity will roll out a crypto trading service within a few weeks, bet on prices firming up.Source: Shutterstock Fidelity is reportedly set to launch cryptocurrency trading service soon. A spokeswoman said that "We currently have a select set of clients we're supporting on our platform."Fidelity will focus on the Bitcoin cryptocurrency and will target institutional, not retail, customers. This is unfortunate for the crypto market because it would exclude two other major cryptocurrencies: Ethereum and Litecoin.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSimilar to Bitcoin, Ethereum bottomed at around $154 and closed recently at $173. Litecoin traded as low as $31 in January and topped out at almost $92 on April 6. It settled at around $75 on May 6. * 7 Dangerous Dividend Stocks to Stay Far Away From Bitcoin Gains LegitimacyThe cryptocurrency market still struggles from getting taken seriously for a good reason. Fraud and theft are the chief problems the currency faces. Still, those caught stealing the currency are getting charged and indicted. For example, the man who stole $9 million was indicted in Israel.The bad news is that crypto theft is still growing at an alarming rate. Losses grew 70% from 2018 to $1.2 billion. This suggests that Fidelity will have to limit the growth of its service and tread carefully. It must prioritize security and threat detection first and foremost over everything else. Investing in Bitcoin ReboundAlthough investors will not have a chance to participate in Fidelity's entry in the crypto market, they could buy Grayscale Bitcoin Trust (OTC:GBTC) instead. Investors could buy the stock on the open market but should be aware of two things.First, the holding has a 2% annual fee. And second, it trades at a premium to the underlying Bitcoin. Investors could do more research to learn how to buy Bitcoin directly from exchanges. That would remove the unnecessary costs associated with gaining exposure in the cryptocurrency.Despite my concerns for GBTC, the stock is still a good trading vehicle for speculative investors. If Bitcoin rises, GBTC will go up, too. Likewise, if Bitcoin falls, GBTC falls. The stock has sufficient liquidity to allow for quick trades. Trade OverstockHolding shares of Overstock.com (NASDAQ:OSTK) is another way to indirectly play the Bitcoin boom. Per Overstock's website:"We partnered with Coinbase, a Bitcoin platform, to enable Bitcoin as a form of payment on Overstock.com…Unfortunately, Bitcoin payments are not yet accepted through our Mobile website. However, the Pay with Bitcoin option is now available for Overstock international customers."Unfortunately, Overstock failed to secure $100 million in a fund raise in April. GSR Capital, a Chinese firm, does not have a definitive deal as the firm carries out its due diligence first.If Overstock succeeds in getting the investment it needs for the Bitcoin subsidiary, its stock could attract crypto investors. The stock is in a downtrend, trading recently below $13 and down 27% in the last quarter.Although its underlying business lost money last year, management is now aiming to generate $10 million in operating cash flow in 2019. Having Bitcoin prices perk up and getting its subsidiary funded will help the stock move higher.On Wall Street, only one analyst covering OSTK stock has a $51 price target. Shares trade at three times below that level. So, even with the surging Bitcoin prices, Overstock shares are unlikely to trade at that level. Your TakeawayBitcoin is a volatile asset class that is no different from other commodities. Oil, gas, and gold (NYSE:GLD) are also commodities whose prices fluctuate. Investors with the appetite to trade the price movements in Bitcoin could make plenty of profits.Timing the entry price on the drop and the exit when the cryptocurrency surges are the harder aspects of the trade.Disclosure: As of this writing, the author did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dangerous Dividend Stocks to Stay Far Away From * 7 Tips for New Investors Young and Old * 10 Great Stocks to Buy on Dips Compare Brokers The post Here's How to Invest in the Cryptocurrency Trading Services Boom appeared first on InvestorPlace.
Gold is often utilized by investors as a popular hedge against market dislocations, but is there a better store-of-value asset for our digital age? It’s time for investment portfolios to reflect that Bitcoin has become digital gold for today’s forward-thinking investors.