This section covers cryptocurrency ETFs, ETNs, trusts, funds, and other such products. For example, this section includes GBTC.

NOTE: The Bitcoin Investment Trust (GBTC) is a trust that holds Bitcoin. Shares of the trust can be purchased on the stock market. The trust holds about 170,000 bitcoins. Each share represents about .092 bitcoins (so if you own 10 shares, you own contracts that represent just under 1 bitcoin). In other words, GBTC isn’t a cryptocurrency. Instead, it represents ownership of a cryptocurrency held in a trust by the Greyscale investments.






Bakkt Goes Live on Dec. 12, 2018

Bakkt launches Dec 12th, 2018 assuming the CFTC doesn’t block them. That means daily futures contracts start Dec 12th. We explain the Bakkt launch.


ETCG Trading Below ETC Cost

A bit of milestone today, ETCG traded below the cost of ETC. For an asset that used to trade at over 2x of ETC’s value, that is a little mind blowing.



Van Eck SolidX ETF Postponed

The SEC’s decision on the Bitcoin ETF from Van Eck Securities Corp. and SolidX Management is postponed while the SEC requests another round of comments from the public. The exact decision date isn’t clear, but essentially it is 21 days for comments from Sept 20th (when the order was published in the Federal Register), 35 days for rebuttals from that date, and then with that information another decision has to be made.



GBTC and ETCG Premiums are Melting Off

The premiums on GBTC and ETCG just keep getting lower and lower as the crypto bear market drags on. If crypto recovers, finding the bottom of these could be epic.