(Bloomberg) -- Bitcoin is sustaining a record-breaking run, lifted by the unprecedented amounts of capital flowing into crypto products as well as a looming reduction in the digital token’s supply growth.Most Read from BloombergOne of the Most Infamous Trades on Wall Street Is Roaring BackChina Has Never Canceled This Many Shipments of US WheatStock Traders Bracing for Worst Shrug Off Hot CPI: Markets WrapNY Says Trump Should Post Full Bond During Fraud Case AppealThe original cryptocurrency rea
Known for her innovative investment approach, Cathie Wood predicts Bitcoin will surpass $1 million sooner than her previous estimate of 2030.
GBTC - which in January received approval to convert from a trust to an ETF - currently has higher fees than its peers, one of the key factors in drawing investors to rival ETFs, Reuters has reported. Grayscale filed to list shares of a new investment product, the Grayscale Bitcoin Mini Trust, which will receive a certain amount of bitcoin held by GBTC. In exchange, current GBTC shareholders will get stock in the Mini Trust, the company said.
