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#gbtc — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #gbtc, aggregated by home.social.

  1. 2018 Email from Jeffrey #Epstein to Steve #Bannon:

    > “Later today we can discuss Michael and his coins”

    Trying to figure out who this could be. some possibilities:

    1. Michael Saylor is a huge figure in crypto with his $65 billion “borrow money to buy bitcoin” play at #MicroStrategy / #MSTR but he didn’t start that play until 2020.

    2. Michael Sonnenshein? We know Larry Summers was tight with Epstein and he was on the board of DCG around this time. DCG owned grayscale, which manages GBTC (the first bitcoin ETF, launched ca. 2015). There was a particular kind of BTC / GBTC carry trade that was incredibly popular with traders around this time.

    3. [edit] Michael Barr? Architect of Dodd-Frank, associated with #Ripple Labs and #XRP at that time.

    4. Some smaller player involved with Bannon & Epshteyn's #FJB #memecoin?

    Other ideas?

    #SteveBannon #JeffreyEpstein #EpsteinFiles #GBTC #DCG #uspol #uspolitics #trump #LarrySummer #DCG #Grayscale #MichaelSonnenshein #CarryTrade #bitcoin #BTC

  2. 2018 Email from Jeffrey #Epstein to Steve #Bannon:

    > “Later today we can discuss Michael and his coins”

    Trying to figure out who this could be. some possibilities:

    1. Michael Saylor is a huge figure in crypto with his $65 billion “borrow money to buy bitcoin” play at #MicroStrategy / #MSTR but he didn’t start that play until 2020.

    2. Michael Sonnenshein? We know Larry Summers was tight with Epstein and he was on the board of DCG around this time. DCG owned grayscale, which manages GBTC (the first bitcoin ETF, launched ca. 2015). There was a particular kind of BTC / GBTC carry trade that was incredibly popular with traders around this time.

    3. [edit] Michael Barr? Architect of Dodd-Frank, associated with #Ripple Labs and #XRP at that time.

    4. Some smaller player involved with Bannon & Epshteyn's #FJB #memecoin?

    Other ideas?

    #SteveBannon #JeffreyEpstein #EpsteinFiles #GBTC #DCG #uspol #uspolitics #trump #LarrySummer #DCG #Grayscale #MichaelSonnenshein #CarryTrade #bitcoin #BTC

  3. @wordshaper he saw how much money grayscale was making for doing literally nothing managing #GBTC and realized he could steal their business just by charging 90% lower fees

    (as bad as blackrock's fees are on IBIT the GBTC fees were straight up extortion - IIRC it was something like 2% of the principal in fees per year)

  4. @wordshaper he saw how much money grayscale was making for doing literally nothing managing #GBTC and realized he could steal their business just by charging 90% lower fees

    (as bad as blackrock's fees are on IBIT the GBTC fees were straight up extortion - IIRC it was something like 2% of the principal in fees per year)

  5. 2024’s Top Corporate #Bitcoin HODLers

    🔹#BlackRock leads corporate $BTC holdings with 551,918 BTC, showcasing its confidence in the asset.

    🔹Close behind #MicroStrategy holds 446,400 #BTC, with #GBTC at 205,296 BTC and #Tether at 83,759 BTC.

    #CoinPedia #CryptoNews #Blockchain #cryptocurrency

  6. #Grayscale’s Bitcoin ETF Crisis

    ➡️Grayscale #Bitcoin Trust has seen $21 billion in outflows, the only U.S. Bitcoin #ETF with negative net flows in 2024.

    ➡️Its struggles stem from high fees and growing competition from cheaper #BitcoinETFs, drawing investors away from #GBTC.

    #CoinPedia #CryptoNews #Blockchain #cryptocurrency #crypto

  7. BlackRock Takes the Lead: Grayscale No Longer the Top Bitcoin Holder!

    🔹Market Leader: #BlackRock’s IBIT holds 349,000 BTC, surpassing #Grayscale’s GBTC at 230,000 #BTC.

    🔹AUM Advantage: BlackRock’s #IBIT leads with $20.7 billion in assets, compared to Grayscale’s #GBTC at $13.6 billion.

    🔹Cost Efficiency: BlackRock’s IBIT offers a 0.25% fee, significantly lower than Grayscale’s GBTC at 1.5%.

    #CoinPedia #cryptocurrency #Crypto #cryptonews

  8. Grayscale Bitcoin Mini Trust Approved by SEC, Pending S-1 Registration - The U.S. Securities and Exchange Commission (SEC) has greenlighted the Grayscale Bitcoin ... - cryptonews.com/news/grayscale- #altcoinnews #grayscale #spotetfs #gbtc

  9. Grayscale Bitcoin Mini Trust Approved by SEC, Pending S-1 Registration - The U.S. Securities and Exchange Commission (SEC) has greenlighted the Grayscale Bitcoin ... - cryptonews.com/news/grayscale- #altcoinnews #grayscale #spotetfs #gbtc

  10. US Bitcoin ETFs Continue Inflow Streak, Funds Now Hold 4.47% of BTC’s Market Cap - The U.S. spot bitcoin exchange-traded funds (ETFs) experienced another day of net ... - news.bitcoin.com/us-bitcoin-et #bitcoinetfs #blackrock #grayscale #fidelity #finance #bitcoin #bitwise #inflows #etfs #fbtc #gbtc #ibit

  11. US Bitcoin ETFs Continue Inflow Streak, Funds Now Hold 4.47% of BTC’s Market Cap - The U.S. spot bitcoin exchange-traded funds (ETFs) experienced another day of net ... - news.bitcoin.com/us-bitcoin-et #bitcoinetfs #blackrock #grayscale #fidelity #finance #bitcoin #bitwise #inflows #etfs #fbtc #gbtc #ibit

  12. Hawkish Fed Stand Led to $620 Million Outflows from Bitcoin Last Week - The latest report from CoinShares shows that the digital asset investment products experi... - coingape.com/hawkish-fed-stand #24/7cryptocurrencynews #bitcoinpriceprediction #bitcoinpriceforecast #bitcoinetfoutflows #bitcoinnews #gbtc

  13. Hawkish Fed Stand Led to $620 Million Outflows from Bitcoin Last Week - The latest report from CoinShares shows that the digital asset investment products experi... - coingape.com/hawkish-fed-stand #24/7cryptocurrencynews #bitcoinpriceprediction #bitcoinpriceforecast #bitcoinetfoutflows #bitcoinnews #gbtc

  14. Bitcoin ETFs sucked up 2 months of BTC mining supply last week - In the first full trading week of June, U.S. Bitcoin ETFs acquired almos... - cointelegraph.com/news/bitcoin #exchange-tradedfund #btcprice #bitcoin #etfs #ibit #fbtc #gbtc #btc #etf #us

  15. Bitcoin ETFs sucked up 2 months of BTC mining supply last week - In the first full trading week of June, U.S. Bitcoin ETFs acquired almos... - cointelegraph.com/news/bitcoin #exchange-tradedfund #btcprice #bitcoin #etfs #ibit #fbtc #gbtc #btc #etf #us

  16. ETFs See 18 Days of Gains: Blackrock’s Bitcoin Holdings Surpass 300,000 - Blackrock, the world’s largest asset manager, now holds more than 300,000 bitcoins... - news.bitcoin.com/etfs-see-18-d #cryptocurrency #digitalassets #bitcoinetf #investment #blackrock #finance #crypto #arkb #fbtc #gbtc #ibit

  17. ETFs See 18 Days of Gains: Blackrock’s Bitcoin Holdings Surpass 300,000 - Blackrock, the world’s largest asset manager, now holds more than 300,000 bitcoins... - news.bitcoin.com/etfs-see-18-d #cryptocurrency #digitalassets #bitcoinetf #investment #blackrock #finance #crypto #arkb #fbtc #gbtc #ibit

  18. Investor Confidence Soars With $488M Inflows Into US Bitcoin ETFs - On Wednesday, U.S. spot bitcoin exchange-traded funds (ETFs) saw inflows amounting... - news.bitcoin.com/investor-conf #cryptocurrency #blackrock #fidelity #finance #bitcoin #bitwise #crypto #arkb #etfs #fbtc #gbtc #ibit

  19. Investor Confidence Soars With $488M Inflows Into US Bitcoin ETFs - On Wednesday, U.S. spot bitcoin exchange-traded funds (ETFs) saw inflows amounting... - news.bitcoin.com/investor-conf #cryptocurrency #blackrock #fidelity #finance #bitcoin #bitwise #crypto #arkb #etfs #fbtc #gbtc #ibit