Spotlight Growth
No Result
View All Result
Wednesday, February 8, 2023
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener
No Result
View All Result
No Result
View All Result
Home Cryptocurrency

Grayscale Bitcoin Trust Sees Record Inflows During First Quarter of 2020

by admin
April 29, 2020
in Cryptocurrency
0
Grayscale Bitcoin Trust Inflows Q1 2020

Grayscale Bitcoin Trust Inflows Q1 2020

Institutional investment is a double-edged sword for the cryptocurrency industry. On the one hand, their pull-out of the market likely caused the recent coronavirus-related crash in Bitcoin’s price. On the other hand, they are flocking to Grayscale’s investment fund, which brought in a record $1 billion USD during Q1 of 2020. GBTC offers a means of investing in Bitcoin without navigating the sharp learning curve of the cryptocurrency space. As such, it often serves as an indicator of sentiment from the general public.

In contrast, Blackrock’s asset management business saw a severe pullback from investors. As the world faces a certain recession – if not a full-blown depression – investors are fleeing from “riskier” options. While crypto-enthusiasts have touted Bitcoin as a safe haven asset in recent years, this may be the first true test of that idea. Unlimited quantitative easing may help buoy stocks in the short term, but savvy investors know it will have serious repercussions long-term.

Grayscale Bitcoin Investment Trust

Grayscale provides a publicly-traded, open-ended grantor trust. While not technically a stock, lacking some of the protections provided for investors, it is available on public markets. As such, it allows less tech-savvy users to benefit from the potential profits of the cryptocurrency industry. However, the publicly advertised price does not always correlate directly with that of Bitcoin. GBTC occasionally trades at a premium or discount, depending on demand.

Source: OTC Markets
Source: OTC Markets

The recent spike in investment suggest a promising, if lukewarm, reception for the idea of Bitcoin as a store of value. While good news for Bitcoin, this means little for the cryptocurrency space as a whole. These investors remain firmly in the traditional market, with no means of trading between various alt-coins.

Recent Bitcoin Performance

Bitcoin’s recent performance drives much of the current investment frenzy. Despite a sharp crash in March, alongside almost every other asset crash, it recovered 80% within a matter of days. While price action muted in the aftermath, it remains fairly stable compared with other potential investments.

Barring unforeseen circumstances involving the coronavirus, the next big event for Bitcoin will be the upcoming halving. Anticipated for May 12th, the halving will reduce the blockchain’s mining reward from 12.5 BTC to 6.25 BTC. Historically, these events have caused spikes in value. Despite prior post-halving performance, considerable differences in the market may mitigate such a rise.

Article By: Adam Stone

Tags: Bitcoinbitcoin newsBitcoin priceblockchainBTCcryptocrypto assetcrypto investmentscryptoassetsCryptocurrencycryptonewscryptotraderdigital currencyemerging growthEthereumGBTCGBTC StockGrayscale Bitcoin Trustinflowsinstitutional investorinvestinginvestmentnewsSpotlight Growthstock marketstock newsstockstechtrading
  • Trending
  • Comments
  • Latest
Asure Software NASDAQ ASUR Human Capital Management HCM Industry Spotlight Growth

Asure Software (NASDAQ: ASUR) is Expanding to Meet the Rising Demand for Human Capital Management Software

September 27, 2022
OLB Group NASDAQ OLB Cuentas NASDAQ CUEN Partnership Fintech Spotlight Growth

OLB Group (NASDAQ: OLB) and Cuentas (NASDAQ: CUEN) Team Up to Bring Fintech Solutions to Over 32,000 Bodegas Across the United States

October 6, 2022
Siyata Mobile NASDAQ SYTA SYTAW SD7 VK7 Purchase Orders Spotlight Growth

New Purchase Orders for SD7 Rugged Device, VK7, and Other Accessories Boost Siyata Mobile’s Outlook (NASDAQ: SYTA)

December 14, 2021
Telcoin TEL Crypto Spotlight Growth

Telcoin (TEL) Quietly Leads a Crypto Remittance Revolution

June 15, 2021
Cybersecurity Stocks Coming Into Focus Amid High-Profile Attacks

Cybersecurity Stocks Coming Into Focus Amid High-Profile Attacks

0
Safe-T SFET NASDAQ UN Presentation

Safe-T (NASDAQ: SFET) Has Been Selected to Present at the United Nations’ Office of Information and Communications Technology Event

0
Safe-T Group SFET Q4 FY 2020 Financial Results

Safe-T Group (NASDAQ: SFET) Reports Fourth Quarter and Full Year 2020 Financial Results

0
Safe-T Group NASDAQ SFET FY 2020 Prelim

Safe-T Group Ltd. (NASDAQ: SFET) Estimates Record-High Annual Revenues of Approximately $4.9 Million Representing ~50% Growth YoY 2020

0
Innovative Eyewear NASDAQ LUCY Lucyd Lyte 2 Smart Glasses Spotlight Growth

Innovative Eyewear (NASDAQ: LUCY) Debuts Lucyd Lyte 2.0 Audio Eyewear Product

February 7, 2023
American Resources Corporation NASDAQ AREC Reduced Debt By 9 Million Spotlight Growth

American Resources Corporation (NASDAQ: AREC) Reduces Debt by Over $9 Million

February 7, 2023
Its All Greek to Me What Are Option Greeks Spotlight Growth

It’s All Greek to Me: What Are Option Greeks and How Do They Impact Traders?

February 6, 2023
Unleashing the Power of 5G The Future of Mobile Technology Spotlight Growth

Unleashing the Power of 5G: The Future of Mobile Technology

February 6, 2023

Recent News

Innovative Eyewear NASDAQ LUCY Lucyd Lyte 2 Smart Glasses Spotlight Growth

Innovative Eyewear (NASDAQ: LUCY) Debuts Lucyd Lyte 2.0 Audio Eyewear Product

February 7, 2023
American Resources Corporation NASDAQ AREC Reduced Debt By 9 Million Spotlight Growth

American Resources Corporation (NASDAQ: AREC) Reduces Debt by Over $9 Million

February 7, 2023

Categories

  • Bio/Med/Pharma
  • Cannabis
  • Commodities
  • Consumer Goods
  • Crowdfunding
  • Crypto Cheat Sheets
  • Cryptocurrency
  • Earnings
  • Education
  • Entertainment
  • Financials
  • Market News
  • Opinion
  • Politics
  • Real Estate
  • Split Watch
  • Sponsored
  • Store
  • Technology
  • Uncategorized
  • Venture Capital/Private Equity (VC/PE)

Site Navigation

  • Disclosures
  • Terms Of Service
  • Privacy Policy
  • Contact Us

Copyright © 2017-2022 Spotlight Growth. All Right Reserved. Designed by Cool Cat Interactive.

No Result
View All Result
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener

Copyright © 2017-2022 Spotlight Growth. All Right Reserved. Designed by Cool Cat Interactive.

Newsletter Signup

Subscribe to our weekly newsletter below and never miss the latest small/micro-cap analysis and investment news from Spotlight Growth.

Enter your email address

Thanks, I’m not interested