$25B investment firm adds ‘riskier’ Grayscale GBTC and ETHE for clients
Wealthfront users will now be able to have up to 10% of their portfolios composed of the Grayscale Bitcoin and Ethereum Trusts. Go to Source Powered by WPeMatico
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GBTC premium matches Bitcoin price crash levels as unlocking fear fades
Funds are flowing back into GBTC, data suggests, as CEO Sonnenshein reiterates plans to turn Grayscale crypto funds into ETFs. Go to Source Powered by WPeMatico
Institutions continue offloading BTC exposure despite price rebound
Bitcoin funds are still in decline as institutional sentiment remains bearish. Go to Source Powered by WPeMatico
Weekly roundup: Ark Invest, Edge Wealth Management, and Rothschild Investment accumulate crypto
Cathie Wood’s Ark Invest purchased more than 450,000 GBTC shares in two separate buys this week. Go to Source Powered by WPeMatico
Rothschild Investment Corp has increased its Bitcoin exposure by 300% since April
Rothschild Investment Corp has bought more Bitcoin and Ethereum exposure via Grayscale despite the ongoing crypto market retreat. Go to Source Powered by WPeMatico
Grayscale Investments Launches Defi Fund — Now Offers 15 Crypto Investment Products
Grayscale Investments has launched a decentralized finance (defi) fund. The new defi fund is the crypto asset manager’s 15th investment product and its second diversified product. “The emergence of decentralized finance protocols provide clear examples of technologies that can redefine the future of the financial services industry,” said the Grayscale CEO. Grayscale Debuts Decentralized Finance … Read more
Grayscale sets sights on institutional DeFi fund
Grayscale Investments is set to float a fund targeting blue-chip assets in the decentralized finance space. Go to Source Powered by WPeMatico
Record outflows from Canada’s biggest Bitcoin fund see BTC reserves drop by 50%
On-chain data shows two dramatic declines in the Bitcoin reserves held by a Canadian Bitcoin fund but there’s a catch. Go to Source Powered by WPeMatico
Oldest US Bank BNY Mellon to Provide Grayscale Bitcoin Trust With Asset Servicing and ETF Services
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
BNY Mellon to provide ETF services for Grayscale’s Bitcoin Trust
The new agreement further reinforces Grayscale’s commitment to converting Grayscale Bitcoin Trust into an ETF as its strategic goal. Go to Source Powered by WPeMatico