Institutions increase exposure to Grayscale Bitcoin Trust as GBTC discount nears 30%
More capital enters the flagship Grayscale trust as it eyes regulator approval to become an exchange-traded fund later this year. Go to Source Powered by WPeMatico
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More capital enters the flagship Grayscale trust as it eyes regulator approval to become an exchange-traded fund later this year. Go to Source Powered by WPeMatico
304 days or roughly nine months ago, 42 companies held bitcoin on their balance sheet with an aggregate total of 1,350,073 bitcoin on March 1, 2021. Today, metrics indicate there are 59 companies, a few countries, and exchange-traded funds (ETFs) with 1,499,493 bitcoin held in treasuries. Private and Public Companies, ETFs, and Countries — Treasuries … Read more
Grayscale Investments has launched a solana trust. The company now has nearly $54 billion in total assets under management. The new trust, which is the company’s 16th crypto investment product, will solely invest in solana (SOL). The CEO of Grayscale said that investors are increasingly “diversifying their exposure beyond digital assets like bitcoin and ethereum.” … Read more
The new allocation extends DCG’s purchase authorization for the Grayscale Bitcoin Trust by $250 million. Go to Source Powered by WPeMatico
Grayscale Investments has engaged the oldest bank in the U.S., BNY Mellon, to provide asset servicing for its bitcoin trust. The bank will also provide ETF services for the bitcoin trust upon its conversion to an exchange-traded fund (ETF). Grayscale Teams up With BNY Mellon Grayscale Investments announced Tuesday that it has selected the Bank … Read more
U.S. Senator Patrick Toomey has declared investments in Grayscale’s bitcoin and ethereum trusts. His declaration shortly followed one by fellow congressman, U.S. Representative Barry Moore, who declared that he had invested in dogecoin, ether, and cardano. Senator Pat Toomey’s Cryptocurrency Investments A growing number of U.S. lawmakers are investing in cryptocurrencies or crypto-related investments. According … Read more
The RSI is seeing higher lows after rebounding from its oversold areas as Bitcoin price is forming lower lows. Go to Source Powered by WPeMatico
Grayscale Investments is considering 31 crypto assets to add to its family of investment products. The company, with $32.9 billion in crypto assets under management, currently offers investments in 13 cryptocurrencies. Grayscale Investments announced Friday 13 additional crypto assets it is considering for investment products. These cryptocurrencies add to the initial list of coins the … Read more
A recent market outlook published by Glassnode shows institutions are returning to the Bitcoin market after May 19 crash. Go to Source Powered by WPeMatico
Ark’s Q1 SEC report revealed holdings of 639,069 shares in Grayscale’s Ethereum Trust, worth more than $20 million. Go to Source Powered by WPeMatico