Bitcoin (BTC) $100,776.87 -3.02%
Ethereum (ETH) $3,271.04 -4.64%
Tether (USDT) $1.00 -0.01%
Solana (SOL) 155.70657 -3.64%
Cardano (ADA) $0.52 -4.62%
Chainlink (LINK) $14.43 -4.73%
Litecoin (LTC) $86.28 -2.38%
Dash (DASH) $113.86 5.61%
Helium (HNT) 2.319213 0.51%
Polygon (MATIC) 0.25693 2.45%
X-CASH (XCASH) 2.0E-6 -48.86%
Dogecoin (DOGE) $0.00 -0.08%

Cryptocurrencies: 27846

Markets: 116350

Market Cap: $3,350,465,516,360

24h Vol: $162,289,815,217

TheBlock

2021-01-29 19:08:18

Why a new challenger bitcoin trust likely poses little threat to GBTC’s dominance

Why a new challenger bitcoin trust likely poses little threat to GBTC’s dominance

Quick TakeA new bitcoin investment product, Osprey Bitcoin Trust (OBTC), is listing on OTC Markets in the coming days.But market insiders are skeptical that Grayscale Bitcoin Trust’s dominant position is in jeopardy.The main threat to GBTC might be a bitcoin ETF — if and when one receives approval.

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