The BTC price is at a crucial inflection point, according to JPMorgan strategists. Grayscale Investments, the world’s largest digital-asset manager, could hold the key to Bitcoin’s (BTC) short-term price outlook, according to JPMorgan Chase. As Bloomberg reports, strategists led by Nikolas Panigirtzoglou believe Bitcoin could lose its luster over the short-term unless it can “break…
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Some stats indicate Bitcoin’s current rally could be more reliant on institutional investors than ever before. Within 48 hours of Grayscale reopening its services to new investors on January 13, Bitcoin’s price shot up by almostd 20%, to once again hover just under the $40,000 mark. During the same period, the institutional investment firm added…
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Average weekly inflows into Grayscale’s products hit $250.7 million in the fourth quarter, capping off a stellar year for the asset manager. Institutional investors continued to pile into Grayscale products in the fourth quarter, highlighting the continued urgency for exposure to Bitcoin (BTC) and Ethereum (ETH) Total investments into Grayscale’s family of products reached $3.3…
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The fund manager had temporarily stopped taking on new investors in late December but has now resumed for almost all crypto trusts. Digital asset investment manager Grayscale has resumed accepting new investments into almost all of its cryptocurrency trusts. The investment manager had paused new inflows into six of its trusts in late December 2020,…
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Bitcoin bulls fight to hold the $40,000 level as support while many altcoins sell-off due to profit taking. Altcoin’s recent gains have come under pressure as Bitcoin (BTC) price dropped to retest lower support levels after reaching a new all-time high at $41,940. Following Bitcoin’s Jan. 7 push above $40,000, the top cryptocurrency faced selling…
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In fact, CEO Michael Sonnenshein says they’re fueling Grayscale’s massive growth. Grayscale’s newly-appointed CEO Michael Sonnenshein told Bloomberg Thursday that pension funds and endowments are investing actively into the Grayscale family of funds. He explained: “We’ve started to see participation not just from the hedge fund segment, which we’ve long seen participation from, but now…
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Bitcoin bulls bought the dip and produced enough momentum to send BTC price to a new all-time high above $36,500. Bitcoin’s (BTC) parabolic rally intensified on Wednesday as the price broke above $36,000 for the first time, sending a strong signal that the bull market still has further room to grow. The flagship cryptocurrency peaked…
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Grayscale Investments is the latest major crypto player to drop its association with Ripple’s token. Grayscale Investments, the world’s largest cryptocurrency asset manager, announced Tuesday that it has liquidated its XRP holdings and used the remaining funds to buy up more Bitcoin (BTC), Bitcoin Cash (BCH) and Litecoin (LTC). The decision affects Grayscale’s Digital Large…
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A Grayscale spokesperson confirmed to Cointelegraph that the fund manager didn’t dump massive stakes of XRP and XLM. Bybt data apparently showing a massive liquidation of XRP and Stellar Lumen (XLM) by Grayscale Investments earlier this week is inaccurate, according to the investment company. On Wednesday, a public Bybt data set suggested that Grayscale Investments reduced…
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The digital asset manager has reduced its holdings of both cryptocurrencies significantly. Update 12.31.2020 at 15:49 ET. Grayscale has clarified to Cointelegraph that despite the data set published by Bybt on Dec. 30, the fund has not liquidated positions in XRP or XLM. Grayscale’s commentary is available here. Grayscale Investments, the world’s largest digital asset…
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