Why are Investors Interested in GBTC, ETHE, PHIL and RYCEY?

Ark Invest’s  founder and CEO, Cathie Wood purchased 1 million shares of Grayscale Bitcoin Trust (Btc) (OTCMKTS: GBTC) when the cryptocurrencies crashed below $30,000. Tuesday morning, the value of bitcoin dipped below the $30,000 mark, and later rallied back. But this sent GBTC’s shares sinking down 0.79% yesterday, and at the exit hours its price was $27.79. 

Why Grayscale is investors’ cup of joe?

Meanwhile, Grayscale Ethereum Trust (ETH) (OTCMKTS: ETHE) is in the green zone with shares closing at $18.73 on Wednesday, up 1.82%. The yearly range of stock is $4.23 – $43.23. With market capitalization of 5.81B USD, ETHE’s P/E ratio is 0.66. 

Even so, the reason why both the aforementioned tickers are interesting for investors is because they’re both trading at huge discounts. Secondly, even so they’ve higher management fee, yet it isn’t so much of a deal breaker. 

The next one on this this list is PHI Group, Inc. Common Stock (OTCMKTS: PHIL). The stock was down 29.17% and closed at $0.014 on Wednesday. It has a market capitalization of 324.10M USD. It is now being seen as a comeback stock. PHIL has an enormous liquidity and a strong team of management. 

Breaking records: Rolls-Royce

The shares of Rolls-Royce Holding PLC ADR (OTCMKTS: RYCEY) are up 0.65%, and it closed at a price of $1.55. Over the year, the shares have been trading within $1.31 – $4.09 range. The market capitalization is 12.69B USD. RR is planning to invest an amount of £80 million for expansion of its electric aircraft. With this, the company is planning to roll out not just the electric aircrafts, but also the hybrid designs. Rolls-Royce is planning to break records with not just its earnings, but also otherwise, it seems so. 

Related Posts

About The Author