Bitcoin Investment Trust

Bitcoin has rebounded 40 percent over the last three sessions, but Bitcoin Investment Trust (OTC: GBTC) won’t ride the trend, according to Buckingham Research Group. The Rating Analyst Chris Brendler initiated coverage with an Underperform rating and $8.35 price target. The Thesis The 42-...

Cryptocurrencies and related stocks are on a tear Tuesday despite some negative news in the sector, a demonstration of strong investor preference for the asset class. Bitcoin, the mother of all digital currencies, steamrolled to another record. Tether, which promotes a dollar-pegged cryptocurrency...

In a report authored by Gil Luria and Aaron Turner, Wedbush Securities predicted a bright future for the Bitcoin Investment Trust as well as for the cryptocurrency itself. Though the firm acknowledged the volatility risks associated with bitcoin, it said it ultimately sees the currency continuing...