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The digital currency asset manager Grayscale told investors on Thursday that the firm has publicly filed a Registration Statement on Form 10 with the Securities and Exchange Commission (SEC) for the company’s Ethereum Trust. The recent filing is voluntary and if the SEC approves the registration, the Ethereum Trust will be the second crypto asset […]
The post Grayscale Investments’ Ethereum Trust Filed With the SEC to Obtain Reporting Status appeared first on Bitcoin News.
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Traders view the premium on Grayscale Investments GBTC shares as a bullish sign, so does the recent drop to a 20-month low mean a correction is coming?
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Grayscale Investments has posted a record quarterly performance, having added almost $1 billion, which nearly doubled its previous quarterly high. 84% of the investments were from institutional investors. The cumulative investment across all of its crypto products has reached $2.6 billion. Grayscale Posts Record Quarter Grayscale Investments released its second-quarter performance report on Wednesday. The […]
The post Grayscale Crypto Investments Add Nearly $1 Billion in Q2 — Bitcoin Trust Posts Record Quarter appeared first on Bitcoin News.
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Wilshire Phoenix has filed to launch a publicly-traded trust called Bitcoin Commodity Trust (BCT) – putting the firm in direct competition with Grayscale Investments’ $3.4 billion bitcoin trust (GBTC). According to the June 12 filing with the U.S. Securities and Exchange Commission (SEC), the New York-based investment company will offer up to 80,000 shares at […]
The post Wilshire Phoenix Files Publicly-Traded Bitcoin Trust to Challenge Grayscale’s $3.4 Billion Dominance appeared first on Bitcoin News.
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Bloomberg has forecast bitcoin to reach its record high of $20,000, and possibly $28,000, this year. According to the company’s June Crypto Outlook report, “something has to really go wrong for bitcoin not to appreciate in value.” Bloomberg points to quantitative easing and the coronavirus pandemic as the fuel behind bitcoin’s maturity, particularly when benchmarked […]
The post Bitcoin to Rise to $20K This Year Spurred by Government Money Printing and Covid-19: Bloomberg appeared first on Bitcoin News.
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Grayscale Investments has purchased more than 1.5 times the number of bitcoins mined since the third Bitcoin halving for its bitcoin trust. This indicates that there is a strong institutional demand for the cryptocurrency, which is expected to grow significantly post the coronavirus crisis. GBTC Buys 1.5 Times the Amount of Bitcoin Mined After Halving […]
The post Grayscale Bitcoin Trust Buys Over 1.5 Times Total BTC Mined Since Halving appeared first on Bitcoin News.
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Central bank digital currencies (CBDCs) pose no threat to Bitcoin’s value proposition, instead, they will spur its growth toward mass adoption. In a new report, Grayscale Investments said CBDCs will never replace BTC because unlike the top cryptocurrency, they can be inflationary and are open to manipulation by central banks CBDCs are merely digital versions […]
The post Grayscale: Central Bank Digital Currencies Will ‘Neither Replace nor Harm Scarce, Uncompromising Bitcoin’ appeared first on Bitcoin News.
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Crypto fund manager Grayscale Investments is believed to have purchased one-third of new Bitcoin for three months.
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Digital asset manager Grayscale Investments bought about 50% of all newly mined ethereum so far this year. It now holds the equivalent of 1.1% of ETH in circulation, according to a post on Reddit. Grayscale operates 10 cryptocurrency investment products focused on institutional investors. As of April 24, the company had $2.7 billion worth of […]
The post Grayscale Buys 50% of All Ethereum Mined in 2020 appeared first on Bitcoin News.
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Grayscale Investments has announced the strongest quarter in its history. Investments into the company’s cryptocurrency products, including the flagship Grayscale Bitcoin Trust (GBTC), hit a record high in the first quarter. Of the total investment, 88% comes from institutional investors. The company now has $2.2 billion in assets under management. Also read: Bitcoin Revolution: Wanna […]
The post Investments in Grayscale Bitcoin Trust Hit Record High Amid Economic Crisis appeared first on Bitcoin News.
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