The Metaverse is a $1T opportunity after users increase 10X: Grayscale report
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
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Morgan Stanley increased exposure to Bitcoin, held $300M in Grayscale shares
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
‘#DropGold worked’ — Grayscale ‘flippens’ world’s largest gold fund as AUM hits $60B
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
DCG Reaches $10 Billion Valuation in Secondary Sale Led by Softbank and Capitalg
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 sells $700M of shares for investors to take profits
Digital Currency Group CEO and founder Barry Silbert didn’t sell any stock in the latest round. Go to Source Powered by WPeMatico
Biggest Bitcoin fund in the world could become ETF by July as GBTC nears $40 billion AUM
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 bulls set to net an $830M profit after Friday’s BTC options expiry
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 Confirms Plan to Convert GBTC Into Bitcoin ETF
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
Grayscale confirms Bitcoin ETF plans and adds exposure to Zcash, Stellar Lumens, and Horizen to its trusts
Grayscale said it would proceed “once there’s official and verifiable evidence of the SEC’s comfort with the underlying Bitcoin market.” Go to Source Powered by WPeMatico
Grayscale hints at plans to convert Bitcoin trust into BTC-settled ETF
Grayscale looks to be seeking to restructure its Bitcoin Trust into a physically-backed fund after the SEC approved a Bitcoin futures ETF. Go to Source Powered by WPeMatico