Grayscale Bitcoin Trust (GBTC)

51.12
1.48 2.81
OTC
Prev Close 52.60
Open 50.59
Day Low/High 49.71 / 51.12
52 Wk Low/High 7.03 / 58.22
Volume 2.36M
Exchange OTC
Shares Outstanding 692.31B
Market Cap 35.65B
Div & Yield N.A. (N.A)

Latest News

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...

Minding Mr. Market

Stock futures have continued their climb this morning (5:20 am) - with S&P futures +12 handles and Nasdaq futures +95 handles.  As I wrote in "There Is Always More Than One Cockroach":  "The 1966 season took its toll on Los Angeles Dodgers pitcher S...

Nothing Normal About This Market

The speculative gewgaws have lost their bids again and are falling back to earth.  , , , ,  , , etc., getting taken to the woodshed.  Usually this portends broader market weakness - but there is nothing normal about this market.  Meanwhile, in part ...

Little Speculative Interest as Worries About Archegos Continue

Little Speculative Interest as Worries About Archegos Continue

One group seeing some momentum today is bitcoin.

Take the Money and Run

If I was trading I would probably be out of all my speculative gewgaw shorts - like , , , , , etc.  

Gewgaws Collapse

* To this observer they are shorts on any strength  My speculative shorts --  (-9%), (-5%), (-5%), (-9%), (-7%), etc. -- continue to stink up the joint.

Spec as in Dreck

Yesterday the speculative gewgaws fell apart (e.g., , , and , etc.). Today the larger cap concept stocks are taking a fall ( e.g., , and ).

You Done Tore Out My Heart and Stomped That Sucker Flat

"You keep on stompin' And my heart is on the floor..." - Lewis Gizzard, You Done Tore Out My Heart and Stomped That Sucker Flat  In yesterday's opening missive, "The Market Is a Hard Dog to Keep Under the Porch," I argued that the U.S. stock market ...

Gewgaws = Schmeissburgers

Bitcoin peripheral plays -  , , ,  - continue to get led to the woodshed after large losses yesterday.  I would consider selling or shorting all of these names.

The Market Is a Hard Dog to Keep Under the Porch

* The U.S. stock market remains materially overpriced * I would use market rallies to reduce equity exposure * Value is stretched now (financials and energy) while growth valuations are vulnerable to higher interest rates * I am looking towards some...

I Remain Negative on the Markets

Today's feature was a (not surprising) mean reversion back from value to (recently depressed) growth.   Given the interest rate rise, I suspect there is a limitation or ceiling on growth stocks over the near term.   Indeed with Invesco  having peake...

Speculative Gewgaws Getting Schmeissed

Speculative gewgaws I was short - up until Friday - are getting schmeissed in today's trading session - , , , and .  The construct of the Russell Index has grown increasingly speculative - the constituent components are indicative of the Index's poo...

Rotation Reverses as 'Reopen' Plays Are Hit

Rotation Reverses as 'Reopen' Plays Are Hit

The big cap technology names are doing much better.

We're Seeing a 'Bull Trap' Now

We're Seeing a 'Bull Trap' Now

The good news is that the number of stocks near intraday highs is expanding rather than contracting so far.

Hot Pockets of Speculative Action Are Shifting Fast

Hot Pockets of Speculative Action Are Shifting Fast

Traders have to move very quickly to stay ahead of the game.

How Japanese Traders Might Be Viewing Bitcoin Now

How Japanese Traders Might Be Viewing Bitcoin Now

Let's take a look at bitcoin futures and GBTC using Japanese technical analysis techniques.

Can Momentum and Liquidity Overcome Higher Interest Rates?

Can Momentum and Liquidity Overcome Higher Interest Rates?

The stronger the economy, the better it is for earnings, but more likely it will pressure multiples as interest rates rise.

How I'm Playing the Sudden Reversal: Bitcoin, Cannabis and Gaming

How I'm Playing the Sudden Reversal: Bitcoin, Cannabis and Gaming

The key here is bonds.

Today's Trades

Additional add on longs today - and Additional add on shorts today - , , , and . New short and add on today-

Is Bitcoin Ready to Take a Tumble? Let's Check the Charts

Is Bitcoin Ready to Take a Tumble? Let's Check the Charts

Based on the technical patterns, the risks of being long bitcoin and other cryptocurrencies appear high right now.

Short Adds

I have added to the following shorts: , , , , , and .

The Foundation for the Next Major Market Cycle Is Developing Now

The Foundation for the Next Major Market Cycle Is Developing Now

This corrective phase may go deeper, but we see some good support.

There's an Oversupply of Positive Action Right Now

There's an Oversupply of Positive Action Right Now

The longer this continues, the more anxiety there will be about being underinvested.

I've Been a Buyer Friday, Making Partial Buys Like I Always Do

I've Been a Buyer Friday, Making Partial Buys Like I Always Do

It's premature to predict that a low has been made, but plenty of stocks are quite washed-out already and are starting to find support.

Amid Monday's Weakness, This Group Is Showing Strength

Amid Monday's Weakness, This Group Is Showing Strength

If you aren't in the favored sectors right now, you are going to miss out.