Grayscale Bitcoin Trust (GBTC)

48.75
OTC Markets
Prev Close 48.97
Day Low/High 46.80 / 49.80
52 Wk Low/High 13.88 / 58.22
Exchange OTC Markets
Shares Outstanding 692.37B
Market Cap 33.91B
Div & Yield N.A. (N.A)

Latest News

Black Monday Recollections, Bitcoin ETF Launch, Fed Numbers, FDA, Disney's Dip

Black Monday Recollections, Bitcoin ETF Launch, Fed Numbers, FDA, Disney's Dip

While cryptocurrencies are indeed an asset class, and they are divisible, they do not serve as a medium of exchange, and remain unproven as a store of value.

Crypto Gets Hit as Action Turns Choppy and Sloppy

Crypto Gets Hit as Action Turns Choppy and Sloppy

The main theme I see now is de-SPACs.

Cryptocurrencies Are Not 'Off the Charts'

Cryptocurrencies Are Not 'Off the Charts'

Let's see how technical analysis can help when investing in Ethereum.

If You Close Your Eyes to the Indexes, You'll See Good Stock Picks

If You Close Your Eyes to the Indexes, You'll See Good Stock Picks

Good trading action is not necessarily correlated to the indexes and Monday is an example of that.

Bit by Bit Bitcoin Peripheral Equity Plays Get Torn to Bits

Bitcoin peripheral equity plays are getting schmeissed - as , , , , , etc. are being taken to the woodshed. I remain negative on bitcoin and digital currencies. See the Podcast of the Day.    

2021 Has Been a Year of Surprises

* "Group Stink" stunk up the joint in the first half of the year * The last half of the year likely holds some more surprises as the bull market in complacency could peak * Look for the unexpected As we move this week to the end of the quarter, and ...

Awaiting Buy Triggers for an Aircraft Maker and a Bitcoin Play

Awaiting Buy Triggers for an Aircraft Maker and a Bitcoin Play

Boeing Co. and Grayscale Bitcoin Trust are the issues in the crosshairs.

Crocs Is Breaking Out to a New All-Time High and It's My Stock of the Week

Crocs Is Breaking Out to a New All-Time High and It's My Stock of the Week

The shoes may be ugly, but the chart is attractive, and sales are good.

More Strange Brew

Though NYSE breadth is 17-3, I see a sea of red on my monitor.  Ns over Ss.  The most speculative gewgaws are the upside feature ( , , etc.) while digital currency related issues (as cyrpto appears to be rolling over) continue to be downside market ...

Shark Bites: The New Crypto King?

Shark Bites: The New Crypto King?

Ethereum has been gaining traction recently against Bitcoin primarily because it's a flexible platform.

ARKK Moves

ARK Invest continues to chase Twitter higher (+245k shares), and is adding to and .

Cryptos Lower

Interesting to see cryptocurrencies lower this morning with digital peripheral plays ( , , , and ) all lower.  Meanwhile,  is bucking the trend lower and is +$5.40/share.    

Hanging With My Spec Garbage Cryptos

I was hoping that we would see a Fin TV special tonight... "Crypto In Turmoil". Then I would know that I should buy more crypto related stocks.  But, alas, Bitcoin has rallied by about $10k.  It's very non Kass-like but I am still hanging in with my...

So Far So Good

* With the crypto gewgaws  and are nearly +10% each off the panic purchases. is +5% and is flattish.

This Is Pure Speculation!

Given the cryptocurrency price crash, I just put together and purchased a small speculative long rental trade in secondary crypto equities:  * $21.90 * $19.56 * $29.40 * $8.56  I might be a Sixty Minute Man in these! 

Is It Time to Be Greedy When Others Are Fearful With Cryptocurrency Equities?

* Maybe very soon!  With the speculative tertiary cryptocurrency plays getting obliterated in line with digital price "discovery" - and with some of the stocks -75% from the 2021 highs - I am assembling a speculative crypto equity package to BUY.  S...

From Not Good to Not So Bad

From Not Good to Not So Bad

We didn't see much wild rotation, but the Russell 2000 did outperform, and the negative action could prove good from a technical standpoint.

Get Ready for the Screw Elon Coin!

* I remain a non consensus bear on bitcoin though "The Screw Elon Coin" may rip higher in price * My new favorite long, Coinbase, will likely be lower on the news and I will be adding on weakness  The PT Barnum of our generation, Elon Musk, made new...

Pockets of Momentum Remain Very Narrow

Pockets of Momentum Remain Very Narrow

There continues to be little energy among stock pickers.

Small-Caps Are Finally Showing Some Relative Strength

Small-Caps Are Finally Showing Some Relative Strength

I'm feeling better about more aggressive stock picking, but I'm staying selective.

I Remain a (Non Consensus) Bitcoin Bear

* With the recent fall in cryptocurrency prices, down seven of the last eight days, the "cool kids" may be getting worried now * Are cryptocurrencies a giant fraud? * From my perch, and minority viewpoint, cryptocurrency holders are more lemmings th...

Fundamentals and Valuation Don't Matter Right Now

Fundamentals and Valuation Don't Matter Right Now

I don't recall a market where sentiment among traders was this negative while the major indices have been so strong.

Tweet of the Day (Part Trois)

Watch the speculative crypto gewgaws fall today (e.g., , , , etc.): SHARES OF U.S.-LISTED CRYPTO & BLOCKCHAIN RELATED COS DOWN BETWEEN 1.5% AND 6% PREMARKET AFTER BITCOIN FALLS AS TURKEY BANS USE OF CRYPTO — *Walter Bloomberg (@DeItaone) April 16, 2...

Minding Mr. Market: The Coin Toss

* I ended the day in a large net short exposure (personally)   Some observations:   1. I was wrong on where I thought Coinbase would open, but I was correct that it should be be avoided (or shorted on the opening at $381) as it closed at $328. See "...

The Markets Are Steadily Climbing

The Markets Are Steadily Climbing

I'm hoping that we see some more rotational action rather than a broad market correction.

Bitcoin Is a Bright Spot in a Frustrating Market

Bitcoin Is a Bright Spot in a Frustrating Market

I'd rather be late jumping in on a bottom fish than jump in too early.

Looking at Shorts

*Last week we looked at laggards to buy, today I look at shorts  Last week I looked at laggards I would buy - some, like Amazon , Twitter  and Walmart prospered:  Apr 01, 2021 ' 08:30 AM EDT DOUG KASS Looking at Laggards * On the long side While I f...

New Buy (and Short) Levels

* My revised levels I don't want there to be any ambiguity about the size of my positions, or about my buy and short levels, as I strive for as much transparency as possible. This column is a continued commitment towards that sort of disclosure. "Wh...