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Grayscale shared a letter from Coinbase Custody attesting that each of Grayscale’s crypto products is fully backed, but stopped short of providing the wallet addresses. Go to Source Powered by WPeMatico
The troubled firm is also acting as the liquidity provider of Grayscale Bitcoin Investment Trust. Go to Source Powered by WPeMatico
On Nov. 9, the GBTC closed at a record discount of 41% with a one-share price standing at $8.76. Go to Source Powered by WPeMatico
Grayscale and Ripple against the SEC, Coin Center versus the Treasury — it’s a hot season in the U.S. courts. Go to Source Powered by WPeMatico
Grayscale’s BTC trust trades at a 36.7% discount to their actual BTC holdings, and it’s possible that more than just the market-wide downtrend stands as the reason for the spread. Go to Source Powered by WPeMatico
Grayscale plans to buy mining equipment at discounted prices and offer co-investment opportunities to accredited investors. Go to Source Powered by WPeMatico
On October 6, Grayscale Investments announced a new venture that gives accredited investors the opportunity to invest in the mining infrastructure that powers the digital asset ecosystem. According to the announcement, the co-investment vehicle is called Grayscale Digital Infrastructure Opportunities (GDIO), and the crypto mining firm Foundry will handle the new product’s operations. GDIO is … Read more
Grayscale Investment’s Bitcoin Trust (GBTC) has dropped to a new low this week as the bitcoin fund tapped a record 35.18% low against bitcoin spot prices. GBTC’s discount to spot has been underwater for a total of 577 consecutive days. GBTC Discount to NAV Widens by 35% — Fund Reaches an All-Time Low Against BTC … Read more
A Securities and Exchange Commission filing filed on September 16 shows that the company Grayscale Investments has declared “distribution of rights to Ethereum Proof of Work Tokens.” The newly launched ETHW blockchain went live on September 15 and roughly 50-60 terahash per second (TH/s) of hashrate is dedicated to the new network. Grayscale notes that … Read more
Grayscale Investments has explained that there may be another 250 days of the current bearish crypto market, citing patterns in previous cycles. In addition, “Bitcoin is 222 days off the all-time high, which means we may see another 5-6 months of downward or sideways price movement,” the world’s largest digital asset manager detailed. Grayscale’s Crypto … Read more