3/31/16 Bitcoin Investment Trust: Performance + Market Highlights

March 2016 Highlights

Barclays + Bitcoin
Barry Silbert and Michael Sonnenshein participated in Barclays’ Emerging Payments Forum for the 3rd straight year.  Barry’s digital currency panel kicked things off on the conference’s second day, joined by representatives from Coinbase and Chain.  Following that, he and Michael held a full day of 1×1 meetings with institutional investors.

 

In early April, Boston-based Circle (a DCG portfolio company) announced that it had received an e-money license from the UK’s Financial Conduct Authority and revealed its partnership with Barclays.  The new initiative, which leverages Barclays’ Corporate Banking division, allows consumers to facilitate transfers to/from any UK bank account in and out of Circle, which utilizes bitcoin on the back-end for the transfer and settlement of funds.

Citigroup + Bitcoin

In late March, Barry and Michael were invited to be ‘guests of honor’ at Citi’s Bitcoin Luncheon.  A packed room of hedge funds and institutional money managers listened attentively to Barry and Michael as they unpacked bitcoin and blockchain technology and helped investors understand where opportunities may lie within digital currencies.

Come find us at Consensus 2016!

The Grayscale Team is pleased to share that it is a sponsor at Consensus 2016.  We encourage everyone to attend this not-to-missed event and to come by our exhibition booth on the conference’s 5th floor to meet our team!

 

Interested in meeting with a representative from our team?  
When we’re not at our NYC Headquarters, here’s where you’ll find us

  • Las Vegas – May 10 – 13

To schedule a meeting with the Grayscale team, please email us at [email protected]

 

Bitcoin Investment Trust Returns as of 3/31/16
  NAV*
(Net Asset Value)
Symbol: GBTC**
(OTCQX)
March 2016 (5.17%) (2.86%)
Year-to-Date (3.00%) (13.65%)
Since Inception 206.13% N/A

Check out OTC Markets, Yahoo! Finance, or Google Finance

for the latest performance information.

 

*NAV performance information contained herein reflects the BIT’s ongoing private placement of restricted shares as of March 31, 2016.  Inception date: 9/25/13
**Performance reflects the closing price of BIT shares at 4PM ET on OTCQX® under the symbol: GBTC as of March 31, 2016.  Public trading in Symbol: GBTC began 5/4/15