Sentences with phrase «underlying bitcoin holdings»

But given the highly audited custody of GBTC and its underlying bitcoin holdings, we see this as a short - term issue,» he added.

Not exact matches

While Bitcoin and other cryptocurrencies continue to hold tremendous potential value as a medium of exchange, it is the underlying distributed ledger technology, blockchain, which has emerged to truly capture the interest of entrepreneurs, venture capitalists, financial institutions and other corporations.

With a futures contract, banks can bet on the price of Bitcoin without holding the underlying 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).

Shareholders that hold multiple lots of Shares, or that are contemplating acquiring multiple lots of Shares, should consult their tax advisors as to the determination of the tax basis and holding period for the underlying Bitcoins related to such Shares.

Blockchain is the underlying technology of decentralized cryptocurrency Bitcoin, is a set of records (blocks), that hold...

As for the political debate underlying BCH, wanting bitcoin to be used by as many people doing as many transactions as possible, bitcoin veterans have diverse perspectives on what the real future holds.

«Our current position on Bitcoin is that we will not be using it for any payments and settlements... though the technology underlying cryptocurrencies will not end,» he said at a conference held in Mumbai, India on November the 6th.

Unlike most of the firms that have applied for bitcoin ETFs, GBTC holds the underlying assets directly instead of trading in derivatives contracts.

As a digital currency, bitcoin can either be held as an investment, or used as a foundation for future applications through the blockchain, its underlying technology.

This vehicle went public as GBTC, which isn't technically an ETF, but it does rely upon its underlying holdings of bitcoin and, in fact, trades at a premium to them (one share is backed by 0.1 BTC).

It's that underlying software and network, as opposed to a currency built upon it such as bitcoin, that holds the most potential for changing the commercial real estate business.