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The Bitcoin AUM market fell 9.5% to $48.7 billion in November while altcoin-based crypto funds such as Ether saw their AUM rise 5.4% to $16.6 billion. Go to Source Powered by WPeMatico
Grayscale, a leading cryptocurrency asset manager, seems to have set its gaze on the metaverse as a business opportunity. Yesterday the company released a report where it examined the feasibility of this interconnected virtual world and how these economies can provide a profitable entry for investors, considering this area could grow to be a $1 … Read more
According to a new report from Grayscale, the rate of active Metaverse users increased by 10X between the start of 2020 and June 2021. Go to Source Powered by WPeMatico
The investment firm’s exposure to Bitcoin across three major funds totals roughly $303 million with 6,626,381 shares as of Sept. 30. Go to Source Powered by WPeMatico
The cryptocurrency investment giant has also seen “massive” options volume as gold takes a fresh beating and institutions seek Bitcoin exposure. Go to Source Powered by WPeMatico
Digital Currency Group (DCG), a Manhattan-based, crypto-focused VC conglomerate, has reached a $10 billion dollar valuation in a secondary sale where existing investors sold part of their shares to new ones. The funding round was led by Softbank and also included participation from Capitalg, Google’s investment firm. $700 million worth of shares changed hands via … Read more
Digital Currency Group CEO and founder Barry Silbert didn’t sell any stock in the latest round. Go to Source Powered by WPeMatico
Filing to convert GBTC now is “perfect timing,” the company’s ETF head argues, but concerns remain over the overall strength of the industry. Go to Source Powered by WPeMatico
Bitcoin’s surge to $67,000 has given bulls an advantage in Friday’s $1.8 billion BTC options expiry. Go to Source Powered by WPeMatico
Grayscale Investments has confirmed its plan to file for its bitcoin trust (GBTC) to be converted into a bitcoin exchange-traded fund (ETF). “The NYSE Arca will file a document called the 19b-4 to convert GBTC into an ETF,” said Grayscale’s official. GBTC to Become Bitcoin ETF Grayscale Investments has confirmed that it will convert its … Read more