Category: Grayscale

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5 largest regulated US digital asset managers hold over $46B of crypto

Forbes ranks the top traditional asset managers, but who ranks the top regulated digital asset managers? Cointelegraph Consulting’s 2021 ranking of the top five United States-based regulated crypto asset management firms highlights that Bitcoin’s explosive growth in price has catapulted many digital asset managers past the half-billion-dollar mark.  As more and more investors are turning…
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Bitcoin’s time has come: TIME magazine to hold BTC on balance sheet

TIME magazine has partnered up with Grayscale to drop a series of educational crypto videos, and has agreed to be paid in Bitcoin. Institutional fund manager Grayscale has partnered with acclaimed New York-based magazine TIME to produce an educational video series on the subject of crypto assets. The partnership was announced on April by Grayscale’s…
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Grayscale publishes roadmap for turning its products into crypto ETFs

The company is renewing its push for a U.S. ETF but offered no specific guarantees or promises. After several attempts in previous years, Grayscale has renewed its push to release a Bitcoin exchange-traded fund on American asset markets. According to a Monday roadmap, two of its funds, GBTC and ETHE, are on the short-list to…
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Institutional inflows into crypto hit lowest levels since October

Managers bought $21 million worth of digital asset investment products last week, according to CoinShares. On a market-cap adjusted basis, Ether remains the most popular investment. Capital flows into cryptocurrency investment products rose again last week, though the pace of growth has slowed since the start of the year, possibly marking a local top in…
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Bitcoin buyers mean business as Coinbase reserves drop $8B in 3 months

Demand for Bitcoin remains solid and is fuelling a “supply shock” that shows no sign of abating, even at $50,000 and higher. Bitcoin (BTC) may have shed $10,000 in a week but the cryptocurrency’s “supply crisis” is more real than ever. According to the latest data from on-chain monitoring resource Glassnode, exchange BTC reserves are…
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Institutional managers hold a record $57B worth of crypto, according to CoinShares

Inflows into Grayscale products continue to surge, according to CoinShares data. Bitcoin remains the preferred asset for institutional investors. Inflows into cryptocurrency investment products topped $57 billion last week, marking a new all-time high and underscoring the rapid adoption of digital assets underway among institutions.  In its weekly inflows report, digital asset manager CoinShares, said…
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Institutional crypto managers report record AUM despite U.S. inflows plummeting

Institutional inflows have declined 59% this past week, but AUM is at an all-time high. According to digital asset investment manager, CoinShares, institutional demand in the U.S. has declined slightly however European funds are still buying. According to Coinshares’ March 22 Fund Flows Weekly report, combined flows into institutional crypto products totaled $99 million for…
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$60K Bitcoin price back in sight after Morgan Stanley and Fed announcements

Bitcoin bulls are making a renewed push toward $60,000 after the Federal Reserve and Morgan Stanley made announcements that could bode well for BTC price. Optimism returned across the cryptocurrency market on March 17 following a brighter economic forecast from the U.S. Federal Reserve and comments which hinted at the possibility of an interest rate…
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Digital asset investment products hit record $4.2B inflows already this quarter

Bitcoin dominates but Ethereum is growing in popularity for institutional investment products. According to digital asset investment manager, CoinShares, institutional-grade crypto asset investment products inflows have already reached record levels so far in 2021. According to Coinshares’ March 15 Fund Flows Weekly report first quarter inflows into cryptocurrency funds are up 7.7% and already total…
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Grayscale parent Digital Currency Group plans to buy $250M of its own GBTC shares

In a further sign of a shake-up in the institutional market, DCG is eyeing the purchase along with hiring ETF specialists. Cryptocurrency asset manager Grayscale has a new buyer of shares in its Grayscale Bitcoin Trust (GBTC) — its owner. In a press release on March 10, Grayscale parent company Digital Currency Group (DCG) announced…
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