Sentences with phrase «trust holds bitcoins»

Grayscale Bitcoin Investment Trust (OTCQX: GBTC)-- The investment trust holds bitcoins and can be traded on your typical broker.

Not exact matches

As its name suggests, this is a trust that holds bitcoin and lets people trade its shares under the ticker GBTC.

The bitcoin trust is the top holding of two of Ark Invest's exchange - traded funds, which unsurprisingly were among the top performing ETFs last year, according to ETF.com.

There is the Grayscale Bitcoin Investment Trust, which acts like a closed - end fund holding coins, verifying their authenticity and arranging storage and security.

The mined bitcoin earned by Hut 8 will be held in custody by Xapo GmbH («Xapo»)- known as the «Fort Knox» for Bitcoin and trusted custodian of cryptocurrencies for numerous financial instutions and high - net worth indivbitcoin earned by Hut 8 will be held in custody by Xapo GmbH («Xapo»)- known as the «Fort Knox» for Bitcoin and trusted custodian of cryptocurrencies for numerous financial instutions and high - net worth indivBitcoin and trusted custodian of cryptocurrencies for numerous financial instutions and high - net worth individuals.

Soaring demand from institutional investors who don't want to hold the actual cryptocurrency has caused the trust to surge even more than bitcoin itself, making it a rollicking trip.

The Trust's purpose is to hold only Bitcoin.

All fiat currency or bitcoin sent to or from ITC in New York occurs exclusively through approved customers sending money to be held by ITC in an insured bank or Bitcoin to be held by ITC or a withdrawal of that customer money or Bitcoin at the express direction of an existing customer of ITC's New York trust company obitcoin sent to or from ITC in New York occurs exclusively through approved customers sending money to be held by ITC in an insured bank or Bitcoin to be held by ITC or a withdrawal of that customer money or Bitcoin at the express direction of an existing customer of ITC's New York trust company oBitcoin to be held by ITC or a withdrawal of that customer money or Bitcoin at the express direction of an existing customer of ITC's New York trust company oBitcoin at the express direction of an existing customer of ITC's New York trust company offices.

Accordingly, the Shareholder generally will recognize gain or loss on the sale in an amount equal to the difference between (1) the amount realized pursuant to the sale of the Shares, and (2) the Shareholder's tax basis for the portion of its pro rata share of the Bitcoins held by the Trust at the time of sale that is attributable to the Shares sold, as determined in the manner described in the preceding paragraph.

«Security System» — The proprietary hardware and software security system used by the Trust to safekeep the Bitcoins held in the Trust Custody Account.

Bitcoins held in the Trust Custody Account will be stored on computer hardware using computer software owned by the Sponsor and leased and licensed to the Trustee.

The Shares are designed to mirror as closely as possible the performance of the Blended Bitcoin Price, and the value of the Shares relates directly to the value of the Bitcoins held by the Trust, less the Trust's liabilities (including estimated accrued but unpaid fees and expenses).

The Trust holds «Bitcoins,» a digital commodity based on an open source cryptographic protocol existing on the online, end - user - to - end - user network hosting the public transaction ledger, known as the «Blockchain,» and the source code comprising the basis for the cryptographic and algorithmic protocols governing the issuance of and transactions in Bitcoins (the «Bitcoin Network»).

The Trust's Bitcoins are held by the Trustee, as custodian on behalf of the Trust, at its various United States premises on a segregated basis.

The Trust's custodian holds the Trust's Bitcoins using secure vaults in the United States.

The Trustee will maintain regular reports detailing the Bitcoins transfers in and out of the Trust Custody Account and identifying the Bitcoins then held in the Trust Custody Account.

The Trust seeks to achieve this objective by directly holding Bitcoins.

In the case of a Shareholder that acquires its Shares as part of a creation of a Basket, the delivery of Bitcoins to the Trust in exchange for the underlying Bitcoins represented by the Shares will not be a taxable event to the Shareholder, and the Shareholder's tax basis and holding period for the Shareholder's pro rata share of the Bitcoins held by the Trust will be the same as its tax basis and holding period for the Bitcoins delivered in exchange therefor (except to the extent of any cash contributed for such Shares).

If any Shares remain outstanding after the date of termination, the Trustee thereafter shall discontinue the registration of transfers of Shares, shall not make any distributions to Shareholders, and shall not give any further notices or perform any further acts under the Trust Agreement, except that the Trustee will continue to collect distributions pertaining to Trust assets and hold the same uninvested and without liability for interest, pay the Trust's expenses and sell Bitcoins as necessary to meet those expenses and will continue to deliver Trust assets, together with any distributions received with respect thereto and the net proceeds of the sale of any other property, in exchange for Shares surrendered to the Trustee (after deducting or upon payment of, in each case, the fee to the Trustee for the surrender of Shares, any expenses for the account of the Shareholders in accordance with the terms and conditions of the Trust Agreement, and any applicable taxes or other governmental charges).

The Trustee will transfer Bitcoins held by the Trust to the Trust Expense Account to pay Trust expenses not assumed by the Sponsor on an as - needed basis, irrespective of then - current Bitcoin prices on the Bitcoin Exchange Market.

If redelivery arrangements acceptable to the Trustee for the Bitcoins held in the Trust Custody Account are not made, the Trustee may continue to store the Bitcoins and continue to charge for its fees and expenses, and, after six months from the termination date, the Trustee may sell the Bitcoins and account to the Trust for the proceeds.

The Trust Agreement places no limit on the number of Bitcoins the Trust may hold.

The per - Share number of Bitcoins exchanged for a purchase or redemption is calculated daily by the Trustee, using the Blended Bitcoin Price, or such other publicly available price as the Sponsor may deem fairly represents the commercial value of the Trust's Bitcoins, for the Bitcoins being valued to calculate the Bitcoin amount in respect of any liabilities for which covering Bitcoins sales have not yet been made, and represents the per - Share number of Bitcoins held by the Trust, after giving effect to its liabilities, sales to cover expenses and liabilities and any losses that may have occurred.

Upon a Shareholder's sale of some or all of its Shares, the Shareholder will be treated as having sold the portion of its pro rata share of the Bitcoins held by the Trust at the time of the sale that is attributable to the Shares sold.

But the list might include gold, silver, stocks of mining companies that focus on these two metals, hedge funds, mutual funds that endeavor to act like hedge funds, timber, farmland, private equity funds that buy privately held companies, residential and commercial rental properties, real estate investment trusts, commodity funds that buy everything from agriculture to energy futures contracts, stocks of energy and natural - resource companies, venture capital funds that invest in startup companies, and even bitcoin.

Can you hold bitcoin in trust?

Tom Lee, a Wall Street Strategist, and Bitcoin financial specialist implied that if his bitcoin value forecasts hold right, it would affect the Bitcoin Investment Trust, and may triple the estimation of theBitcoin financial specialist implied that if his bitcoin value forecasts hold right, it would affect the Bitcoin Investment Trust, and may triple the estimation of thebitcoin value forecasts hold right, it would affect the Bitcoin Investment Trust, and may triple the estimation of theBitcoin Investment Trust, and may triple the estimation of the Trust.

As its name suggests, this is a trust that holds bitcoin and lets people trade its shares under the ticker GBTC.

The Bitcoin Investment Trust is currently traded «over the counter» in less formal exchanges than those used for typical stocks and at far higher prices than the bitcoin itBitcoin Investment Trust is currently traded «over the counter» in less formal exchanges than those used for typical stocks and at far higher prices than the bitcoin itbitcoin it holds.

The Bitcoin Investment Trust (BIT) now holds more than 100,000 BTC, according to Barry Silbert, CEO of SecondMarket and founder of the tTrust (BIT) now holds more than 100,000 BTC, according to Barry Silbert, CEO of SecondMarket and founder of the trusttrust.

BitGo Inc., a closely held crypto - security firm, agreed to buy Bitcoin custodian Kingdom Trust as it seeks to attract as much as $ 20 billion that institutional investors could commit to digital currencies.

Bitcoin Investment Trust, the readily available way for U.S. investors to take a flier on the popular cryptocurrency via their brokerage accounts, is again trading at twice the value of the bitcoin itBitcoin Investment Trust, the readily available way for U.S. investors to take a flier on the popular cryptocurrency via their brokerage accounts, is again trading at twice the value of the bitcoin itbitcoin it holds.

The Proshares Trust II bitcoin ETF will derive its NAV from derivatives rather than a pyshical holding of Bbitcoin ETF will derive its NAV from derivatives rather than a pyshical holding of BitcoinBitcoin.

Bitcoin Investment Trust (OTCQX: GBTC) on November 22nd announced that it has declared a distribution and established a record date for the distribution of a portion of the rights to Bitcoin Gold tokens currently held by the Trust as a result of the fork in the Bitcoin blockchain on October 24, 2017 to shareholders of record as of the close of business on December 4, 2017.

In fact, the Bitcoin Investment Trust is trading at a 35pc premium, which means individuals are paying that much more per share than the value of the Bitcoin held per share.

Once a client initiates a transaction, BitPrime's third - party escrow partner, Local Bitcoins, will hold the bitcoin in trust until the payment has been made.

Notably, SecondMarket's Bitcoin Investment Trust recently passed 80,000 BTC in holdings, while Cameron and Tyler Winklevoss just this week submitted a revised filing for a public bitcoBitcoin Investment Trust recently passed 80,000 BTC in holdings, while Cameron and Tyler Winklevoss just this week submitted a revised filing for a public bitcoinbitcoin ETF.

Investors who hold Bitcoin Investment Trust shares could thus stand to lose money even if bitcoin prices keep moving Bitcoin Investment Trust shares could thus stand to lose money even if bitcoin prices keep moving bitcoin prices keep moving higher.

Traded over the counter, the trust holds about 0.093 bitcoin for each share outstanding.

This comes after Merrill Lynch told employees last month not to offer clients Grayscale's Bitcoin Investment Trust (GBTC), a financial instrument directly holding the digital coin, as the brokerage broadly eschews the virtual currency.

«There is no assurance that prices in this range (before deduction of expenses) would have been realizable had the bitcoin cash currently held in the trust been liquidated on such date,» Grayscale's announcement details.

Just recently the sponsor of the Bitcoin Investment Trust (OTCQX: GBTC), Grayscale Investments, has announced its plans for the bitcoin cash (BCH) reserves the trust is currently hBitcoin Investment Trust (OTCQX: GBTC), Grayscale Investments, has announced its plans for the bitcoin cash (BCH) reserves the trust is currently holTrust (OTCQX: GBTC), Grayscale Investments, has announced its plans for the bitcoin cash (BCH) reserves the trust is currently hbitcoin cash (BCH) reserves the trust is currently holtrust is currently holding.

The Bitcoin Investment Trust was designed to make holding bitcoin as easy as buying a stock or exchange - tradeBitcoin Investment Trust was designed to make holding bitcoin as easy as buying a stock or exchange - tradebitcoin as easy as buying a stock or exchange - traded fund.

Now the Maryland - based business is creating its «Proshares Trust II» a bitcoin ETF that derives its Net Asset Value (NAV) from derivatives rather than holding the currency in reserves.

Meanwhile, those of you who are afraid to hold your own bitcoins should consider the Bitcoin Investment Trust (OTCMKTS: GBTC).

The alternative is to open an account with an IRA custodian that works with a fund like the Bitcoin Investment Trust (BIT), which holds bitcoin and issues shares based on itsBitcoin Investment Trust (BIT), which holds bitcoin and issues shares based on itsbitcoin and issues shares based on its value.

Take the example of Barry Silbert of Digital Currency Group (DCG), whose firm launched the largest Bitcoin fund, Bitcoin Investment Trust (GBTC), and is now introducing the Grayscale Digital Large Cap Fund, another investment fund with five crypto holdings — the top two being Bitcoin and Ethereum.

Finance Just recently the sponsor of the Bitcoin Investment Trust (OTCQX: GBTC), Grayscale Investments, has announced its plans for the bitcoin cash (BCH) reserves the trust is currently hBitcoin Investment Trust (OTCQX: GBTC), Grayscale Investments, has announced its plans for the bitcoin cash (BCH) reserves the trust is currently holTrust (OTCQX: GBTC), Grayscale Investments, has announced its plans for the bitcoin cash (BCH) reserves the trust is currently hbitcoin cash (BCH) reserves the trust is currently holtrust is currently holding.

SecondMarket also offers a product called the Bitcoin Investment Trust, which founder Barry Silbert says already holds 100,000 bitcoins.

The new funds — the Ethereum Investment Trust, Ripple Investment Trust, Bitcoin Cash Investment Trust, and Litecoin Investment Trust — will each hold positions in a single cryptocurrency.