Spot Bitcoin ETF Race Fuels Rally For Grayscale And BlackRock Stocks Who’s Winning?

Published

2 years ago

November 30, 2023

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Several firms are vying for the approval of their proposed spot Bitcoin BTC/USD exchange-traded funds (ETFs), hoping to capture a significant market share.

What Happened: Switzerlands Pando Asset AG on Wednesday emerged as the 13th contender by submitting a filing to the Securities and Exchange Commission (SEC) for the Pando Asset Spot Bitcoin Trust.

Among the total 13 applications, two major players, Grayscale Bitcoin Trust GBTC and Blackrock Inc. BLK , have revised their filings just to secure a BTC ETF spot.

Analysts predict that the SEC is on the cusp of approving several spot Bitcoin ETFs. The first to cross the finish line could enjoy a significant first-mover advantage, attracting a large base of retail investors.

Since both BlackRock and Grayscale Bitcoin Trust submitted their applications for a spot Bitcoin ETF, their stock prices have experienced an upswing. We compare which of the two stocks has delivered the best returns over the past year.

BlackRocks stock increased from $695.78 to $747.3, marking a 7.4% growth. On the other hand, GBTC saw a 242.74% surge from $9.05 to $31.02. BLK Or GBTC: 1-Year Performance (Image: Benzinga)

If you had invested $1000 in either of the stocks, you would have yielded $1074.04 in BLK and $3427.4 in GBTC. BLK Or GBTC: Which Offers Better Returns? (Image: Benzinga)

See More: Dogecoin HODLERs Are Beating Shiba Inu With 57% Landing In Profits, IntoTheBlock Data Reveals

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A Closer Look at Market Movements

When analyzing their market behavior, the coefficient of determination (R^2) stands at a low 0.023, suggesting a very weak correlation between BLK and GBTCs market movements, as evidenced by a linear regression analysis. Do BLK And GBTC Often Move Together? (Image: Benzinga)

Price Action: At the time of writing, BTC was trading at $37,731, down 1% in the last 24 hours, according to Benzinga Pro. On Wednesday, GBTC finished trading at $31.02, while BLK closed at $747.30.

Illustration by CryptoFX on Shutterstock

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Sports

Bama’s Meadows exits after violent hit at Mizzou

Published

48 mins ago

October 11, 2025

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Bama's Meadows exits after violent hit at Mizzou

Associated Press

Oct 11, 2025, 12:58 PM ET

COLUMBIA, Mo. — Alabama wide receiver Derek Meadows appeared to be knocked unconscious by a violent hit from Missouri safety Marvin Burks Jr. on Saturday, resulting in a scary situation in the first quarter at Memorial Stadium.

Meadows had leaped to catch a pass from Crimson Tide quarterback Ty Simpson when Burks, ranging to his left, delivered a big shoulder-to-shoulder blow. Meadows hit the turf and lay motionless, his right arm bent at an awkward angle, as several members of the Crimson Tide coaching staff rushed from the sideline to surround him.

Quiet fell over the stadium, and it took several minutes before they sat Meadows up, and several more before they helped him walk off the field. Burks was flagged for targeting on the play, and the penalty was upheld after the officials reviewed it.

Meadows, a freshman from Las Vegas, has yet to catch a pass in a game this season.

The game between the eighth-ranked Crimson Tide and No. 14 Missouri marks the first in Columbia between two AP top-15 teams since Sept. 29, 1979, when the Tigers lost to Texas. Alabama has not lost to Missouri since 1975.

Sports

Stanford CB responsive after leaving in ambulance

Published

48 mins ago

October 11, 2025

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Stanford CB responsive after leaving in ambulance

Associated Press

Oct 11, 2025, 01:18 PM ET

DALLAS — Stanford cornerback Aaron Morris was alert and responsive after being immobilized and taken off the field in an ambulance following a tackle, the school said Saturday.

Morris’ face mask was removed while he was placed on a stretcher before he was loaded onto the ambulance at SMU’s Ford Stadium. Stanford spokesman Brian Brownfield said Morris was “alert and responsive. Doing well.”

Morris and Ziron Brown were credited with the tackle on a 12-yard catch by Jordan Hudson with five minutes left in the first quarter.

Morris is a junior from Lowell, Massachusetts. He was playing in the fourth of Stanford’s six games this season after making 17 appearances in his first two years.