Log in

Home
Research
Analysis
Community
  1. Cryptonary
  2. Archived Posts
  3. Miller Opportunity Trust buys 1.5 million shares of GBTC
News

Miller Opportunity Trust buys 1.5 million shares of GBTC

Updated: Aug 31, 2024
Published: Aug 29, 2021
0
Share:

Institutional investors are seeking direct and indirect exposure to cryptocurrencies.

Post Feature Image

Miller Opportunity Trust obtains GBTC shares

The Miller Opportunity Trust, owned by the billionaire fund manager, Bill Miller, has entered the cryptocurrency market. The investment fund bought 1.5 million shares of the Grayscale Bitcoin Trust (GBTC).

The investment firm filed this with the United States Securities and Exchange Commission. According to the filing, the 1.5 million shares of GBTC cost Miller Opportunity Trust $44.7 million, representing roughly 1.55% of the fund’s total assets.

This latest development doesn’t come as a surprise since Miller has been talking about Bitcoin in recent months. in January, he stated that Bitcoin investment is a suitable risk management strategy considering the current market climate. Later on, he added that he doesn’t see any other asset that has Bitcoin’s liquidity and upside potential.

The investment manager has been looking to take a position in GBTC since February. At the time, the firm said it is seeking to gain exposure to Bitcoin indirectly via the Grayscale Bitcoin Trust.

Cryptocurrencies becoming available to institutional investors

The past year has seen numerous institutional investors take direct and indirect positions in the cryptocurrency market. Some of the institutional investors and corporate entities invested directly in Bitcoin and other cryptocurrencies, while the others bought the shares of GBTC and other crypto funds.

Continue reading by joining Cryptonary Pro

Save 30%

$997/year

Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.

VisaCardImageMsCardImageCoinbaseCardImageSolanaCardImage

For your security, all orders are processed on a secured server.

As a Cryptonary Pro subscriber, you also get:

  • 3X Value Guarantee - If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund.

  • 24/7 access to experts with 50+ years’ experience

  • All of our top token picks for 2025

  • Our latest memecoins pick with 50X potential

  • On hand technical analysis on any token of your choice

  • Weekly livestreams & ask us anything with the team

  • Daily insights on Macro, Mechanics, and On-chain

  • Curated list of top upcoming airdrops (free money)

3X Value Guarantee

If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund.

Terms & Conditions apply

Star

Trusted by 300,000+ investors

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut through the noise and consistently find winning assets.

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.

  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
/images/advertorial/corpcomm1.webp
/images/advertorial/corpcomm2.webp
/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp
/images/advertorial/corpcomm6.webp
/images/advertorial/corpcomm1.webp
/images/advertorial/corpcomm2.webp
/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp
/images/advertorial/corpcomm6.webp
/images/advertorial/corpcomm1.webp
/images/advertorial/corpcomm2.webp
/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp
/images/advertorial/corpcomm6.webp

Frequently Asked Questions

Can I trust Cryptonary's calls?

Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.

Do I need to be an experienced trader or investor to benefit?

No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.

What makes Cryptonary different from free crypto content on YouTube or Twitter?

Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.

Why is there no trial or refund policy?

We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.

Do I get direct access to the Cryptonary team?

Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.

How often is content updated?

Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.

How does the 3X Value Guarantee work?

We stand behind the value of our research. If the documented upside from our published research during your 12-month membership does not exceed three times (3X) the annual subscription cost, you can request a full refund. Historical context: In every completed market cycle since 2017, cumulative documented upside has exceeded 10X this threshold.

Recommended from Cryptonary
BTC, ETH and More: Majors Test Support, Altcoins Hold Key Levels
PRO
Market Updates
BTC, ETH and More: Majors Test Supp...The market just went through another shakeout. Bitcoin slipped below $90K, majors followed, and vola...
10 min read
Dec 16, 2025
Market Pulse: Unemployment Is Rising
Market Pulse
Market Pulse: Unemployment Is Risin...The market got the data it expected… and still didn’t get what it wanted. Nonfarm Payrolls sent mixe...
3 min read
Dec 16, 2025
Market Update: Risk Assets Signal Caution
PRO
Market Updates
Market Update: Risk Assets Signal C...This week could set the tone for how markets finish the year. Delayed US data, a key Bank of Japan d...
8 min read
Dec 15, 2025
Highlights From The Biggest Crypto Conference of 2025
PRO
Research Report
Highlights From The Biggest Crypto ...Breakpoint is the most significant event on Solana’s calendar and is increasingly becoming one of th...
14 min read
Dec 18, 2025
Market Pulse: Inflation Data is Out!
PRO
Market Pulse
Market Pulse: Inflation Data is Out...Inflation came in well below expectations, shifting focus from price pressures to the labour market....
4 min read
Dec 18, 2025
Market Pulse: Possible MSTR Removal from MSCI Indices
Market Pulse
Market Pulse: Possible MSTR Removal...The potential exclusion of MicroStrategy from major MSCI equity indices could spark forced selling, ...
3 min read
Dec 17, 2025
BTC, ETH and More: Majors Test Support, Altcoins Hold Key Levels
PRO
Market Updates
BTC, ETH and More: Majors Test Supp...The market just went through another shakeout. Bitcoin slipped below $90K, majors followed, and vola...
10 min read
Dec 16, 2025
Market Pulse: Unemployment Is Rising
Market Pulse
Market Pulse: Unemployment Is Risin...The market got the data it expected… and still didn’t get what it wanted. Nonfarm Payrolls sent mixe...
3 min read
Dec 16, 2025
Market Update: Risk Assets Signal Caution
PRO
Market Updates
Market Update: Risk Assets Signal C...This week could set the tone for how markets finish the year. Delayed US data, a key Bank of Japan d...
8 min read
Dec 15, 2025
Highlights From The Biggest Crypto Conference of 2025
PRO
Research Report
Highlights From The Biggest Crypto ...Breakpoint is the most significant event on Solana’s calendar and is increasingly becoming one of th...
14 min read
Dec 18, 2025
Market Pulse: Inflation Data is Out!
PRO
Market Pulse
Market Pulse: Inflation Data is Out...Inflation came in well below expectations, shifting focus from price pressures to the labour market....
4 min read
Dec 18, 2025
Market Pulse: Possible MSTR Removal from MSCI Indices
Market Pulse
Market Pulse: Possible MSTR Removal...The potential exclusion of MicroStrategy from major MSCI equity indices could spark forced selling, ...
3 min read
Dec 17, 2025
BTC, ETH and More: Majors Test Support, Altcoins Hold Key Levels
PRO
Market Updates
BTC, ETH and More: Majors Test Supp...The market just went through another shakeout. Bitcoin slipped below $90K, majors followed, and vola...
10 min read
Dec 16, 2025
Market Pulse: Unemployment Is Rising
Market Pulse
Market Pulse: Unemployment Is Risin...The market got the data it expected… and still didn’t get what it wanted. Nonfarm Payrolls sent mixe...
3 min read
Dec 16, 2025
Market Update: Risk Assets Signal Caution
PRO
Market Updates
Market Update: Risk Assets Signal C...This week could set the tone for how markets finish the year. Delayed US data, a key Bank of Japan d...
8 min read
Dec 15, 2025
Research
Top PicksDeep DivesPassive IncomeAirdrop ReportsCrypto Research
Analysis
Market UpdatesMarket DirectionMarket PulseLivestreams
Tools
Market DirectionAssets & PicksAirdropsPortfolio Tracker
Cryptonary
Affiliate programEducationPrivacy PolicyTerms & ConditionsContact UsWrite for us
Stay connected
Disclaimer: The information provided on this website is for educational and informational purposes only and does not constitute financial, investment, legal, or tax advice. Cryptonary is not a licensed financial advisor. All content is shared without any guarantee of accuracy or completeness. You are solely responsible for your investment decisions. Always do your own research and consult with a licensed professional before making financial choices. Past performance is not indicative of future results.

×

Don't Miss The Next 100X

We called major winners like

BTC

BTC

120X

ETH

ETH

270X

SOLANA

SOLANA

30X

Get our next high-conviction setup + weekly research free.

Join 300,000+ investors and traders who've been following us since 2017.

​
Germany

Free forever. Unsubscribe anytime. No credit card required.