The $275 billion company has filed an SEC amendment to allocate over $500 million from the Macro Opportunities fund to Grayscale’s GBTC An SEC filing on Friday indicates that the next Wall Street institution to take a public position in Bitcoin may also be among the largest yet: the $275 billion financial services firm Guggenheim…
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Survey data from Grayscale Investments shows the coronavirus pandemic played a role in new investors’ decision to buy Bitcoin. As Bitcoin price rises toward $18,000 and traders attempt to secure a new all-time high, the surge of institutional investors jumping on the Bitcoin (BTC) bandwagon continues. This time, institutional and retail investors are both keen to…
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Grayscale’s Bitcoin Trust now holds more than 500,000 Bitcoin, surpassing $8.3 billion in value. Cryptocurrency fund manager Grayscale Investments now holds more than 500,000 BTC in its Bitcoin Trust. According to a Nov. 16 post, Grayscale now holds to $8.35 billion worth of Bitcoin— equating to 2.69% of Bitcoin’s (BTC) outstanding supply and market cap.…
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Users have sent more than $300M BCH through exchanges since Nov. 1, while assets under management at the crypto fund manager’s Bitcoin Cash Trust have decreased. The value of assets under management for crypto fund manager Grayscale Investments’ Bitcoin Cash Trust has fallen $1.6 million following the announcement that the crypto asset would be forking…
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Could Digital Currency Group be the first major crypto company to go public? What would an initial public offering for Digital Currency Group, or DCG, look like? Analysts at digital analytics firm Messari believe they have the answer. In a newly published report, researcher Jack Purdy lays out a theoretical initial public offering for DCG.…
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Grayscale CEO says that Bitcoin will win because both a Trump or a Biden election victory would result in more “brrr” or the expansion of the US dollar supply. Whether it is a Democratic sweep led by Joe Biden or a Donald Trump reelection, Bitcoin (BTC) would likely thrive. Industry executives, including DCG and Grayscale…
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“Added a cool $300 million in AUM in one day,” boasts Grayscale CEO Barry Silbert. Crypto fund manager Grayscale Investments has increased its assets under management (AUM) by $1 billion in the space of a week. According to an update posted to Grayscale’s Twitter account on Oct. 22, the investment firm currently has $7.3 billion…
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As Bitcoin briefly surpasses $13,000, its highest price for 2020, market sentiment and fundamentals both favor a prolonged bull market. Bitcoin price has seen a healthy upward tick toward the $13,000 mark in the fourth quarter. At the start of the quarter, Bitcoin (BTC) was in the sub-$11,000 region, and from there, constant rises took…
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The average Bitcoin transaction is now worth more than $150,000. The average value of Bitcoin (BTC) transactions has increased dramatically since July this year. The average transaction value was sitting at approximately $25,000 per transaction four months ago, but posted a yearly high on Oct 20 at $151,000 per transfer — representing an increase of…
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The uncertainties outlined in the document may offer significant insights for Grayscale’s investors. According to the latest SEC disclosure by the Grayscale Ethereum Trust, or ETHE, the impending transition of Ethereum (ETH) to the proof-of-stake consensus represents a risk that could have a “material adverse effect” on its shares. The ETHE recently filed an application…
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