{"id":48578,"date":"2021-08-31T10:27:54","date_gmt":"2021-08-31T07:27:54","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=48578"},"modified":"2025-09-02T02:55:38","modified_gmt":"2025-09-01T23:55:38","slug":"us-global-investors-reveals-stake-in-grayscale-bitcoin-trust","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/us-global-investors-reveals-stake-in-grayscale-bitcoin-trust\/","title":{"rendered":"US Global Investors reveals stake in Grayscale Bitcoin Trust"},"content":{"rendered":"<p>Texas-based asset manager US Global Investors, managing about $4.6 billion in assets, disclosed a position in the Grayscale Bitcoin Trust (GBTC). As disclosed in a <a href=\"https:\/\/www.sec.gov\/edgar\/search\/#\/q=bitcoin&#038;dateRange=custom&#038;ciks=0000101507&#038;entityName=US%2520GLOBAL%2520INVESTORS%2520FUNDS%2520(CIK%25200000101507)&#038;startdt=2021-08-30&#038;enddt=2021-08-30\">filing<\/a> with the U.S. Securities and Exchange Commission.<\/p>\n<p>As of June 30, 2021, the gold and precious metals specialist firm held GBTC shares worth $566,389 across three of its eight funds:<\/p>\n<ul class=\"wp-block-list\">\n<li>Gold and Precious Metals Fund \u2014 $302,899;<\/li>\n<li>World Precious Minerals Fund \u2014 $222,532;<\/li>\n<li>Global Resources Fund \u2014 $40,958.<\/li>\n<\/ul>\n<p>GBTC&#8217;s share of the funds&#8217; total assets stands at 0.19%.<\/p>\n<p>A gold bull and crypto skeptic Peter Schiff noted that US Global Investors chief executive Frank Holmes is also the CEO of the mining company HIVE Blockchain.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Frank Holmes, the CEO of U.S. Global Investors is also the CEO of Hive Blockchain. He has been very active in crypto since 2017. So this is not a surprise nor does it indicate a shift in the way other <a href=\"https:\/\/twitter.com\/hashtag\/gold?src=hash&#038;ref_src=twsrc%5Etfw\">#gold<\/a> equity managers view crypto or <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a>.<\/p>\n<p>\u2014 Peter Schiff (@PeterSchiff) <a href=\"https:\/\/twitter.com\/PeterSchiff\/status\/1432395868490117121?ref_src=twsrc%5Etfw\">August 30, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cHe has been very active in cryptocurrency since 2017. This [GBTC stake] is not surprising and does not indicate a shift in how other gold-focused fund managers view cryptocurrency or Bitcoin,\u201d<\/em> he said.<\/p>\n<\/blockquote>\n<p>Earlier<a href=\"https:\/\/u1f987.com\/en\/news\/peter-schiff-wins-debate-over-golds-advantage-over-bitcoin\"> Schiff won in debates<\/a> on the superiority of gold over Bitcoin. The investor argued that comparing the two assets is pointless because the first cryptocurrency \u201clacks the qualities that confer value on gold.\u201d<\/p>\n<p>Back in August Miller Opportunity Trust, billionaire Bill Miller&#8217;s<a href=\"https:\/\/u1f987.com\/en\/news\/bill-millers-miller-opportunity-trust-reveals-a-45m-stake-in-grayscale-bitcoin-trust\"> disclosed a position of $44.7 million<\/a> in the Grayscale Bitcoin Trust.<\/p>\n<p>Follow ForkLog news on <a href=\"https:\/\/www.facebook.com\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Texas-based asset manager US Global Investors, managing about $4.6 billion in assets, disclosed a position in the Grayscale Bitcoin Trust (GBTC) in a filing with the U.S. Securities and Exchange Commission.<\/p>\n","protected":false},"author":1,"featured_media":48579,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1214],"class_list":["post-48578","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-grayscale-bitcoin-trust"],"aioseo_notices":[],"amp_enabled":true,"views":"9","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/48578","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=48578"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/48578\/revisions"}],"predecessor-version":[{"id":48580,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/48578\/revisions\/48580"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/48579"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=48578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=48578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=48578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}