GBTC Stock Recent News

This past week, I got to talk about potential ETFs and stocks to put on your buy list in a sea of selling. Amidst the falling dollar, rising yields, nasty trade war and poor earnings guidance, I went shopping.

Steven McClurg is a bull on crypto under President Trump, which he considers a "pro-crypto" administration. He believes Bitcoin can climb to $120,000 before the end of the year but expects other cryptocurrencies and ETFs to double.

Bitcoin's resilience amid recent market turmoil suggests a potential rally, with strong support from stabilizing Bitcoin flows and bullish defense levels. Fidelity's Wise Origin Bitcoin ETF offers superior Bitcoin exposure, competitive fees, and self-custody, making it an attractive investment vehicle. Positive on-chain net flows for spot Bitcoin ETFs, particularly FBTC and ARKB, maintain upward pressure on Bitcoin's price.

YieldMax MSTR Option Income Strategy ETF (MSTY) offers a high distribution yield but carries elevated risk due to its indirect association with Bitcoin's volatility. MSTY's synthetic options strategy generates high income but limits capital appreciation, making it vulnerable to Bitcoin's price fluctuations and potential crypto market downturns. MSTY's total return exceeds 48.5% due to high distributions, outperforming traditional ETFs but risking long-term capital erosion.

Bitcoin has been displaying strong resilience amid the tariff-led market turmoil. Given strong technicals, growing adoption, and its inflation-hedging appeal, Bitcoin's current setup could offer a solid entry point.

Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.

This weekly update tracks some of the largest cryptocurrencies by market share: bitcoin and ether. While both are considered to be high-risk when it comes to investing, the two have foundational differences that investors should know.

With crypto price performances staying in the spotlight, advisors and investors are looking to chart the best course for building exposure.

STAMFORD, Conn., April 04, 2025 (GLOBE NEWSWIRE) -- Grayscale Investments®, a leading crypto asset management firm, offering more than 30 crypto investment products, and manager of Grayscale® Digital Large Cap Fund (OTCQX: GDLC) (Digital Large Cap Fund), Grayscale® Decentralized Finance (DeFi) Fund (OTCQB: DEFG) (DeFi Fund), Grayscale® Smart Contract Fund (GSC Fund), and Grayscale® Decentralized AI Fund (AI Fund), today announced the updated Fund Component weightings for each product in connection with their respective first quarter 2025 reviews.

This weekly update tracks some of the largest cryptocurrencies by market share: bitcoin and ether. While both are considered to be high-risk when it comes to investing, the two have foundational differences that investors should know.