grayscale

Auto Added by WPeMatico

Another Hedge Fund Gets Crypto Exposure via Grayscale’s GBTC

by

Millennium, the U.S.-based alternative investment management firm, has become the latest hedge fund to get exposed to cryptocurrencies via Grayscale Investments’ bitcoin trust. However, the extent of Millennium’s exposure to the crypto asset has not been disclosed as both Millennium and Grayscale executives have refused to comment. Nevertheless, a report by The Street says two … Read more

Oracle Token Chainlink Replaces XRP in Grayscale’s Strategic Large Cap Fund

by

The digital currency manager Grayscale Investments announced that the firm has updated its Digital Large Cap Fund (GDLC) in order to add the crypto asset chainlink to the fund. Chainlink is the popular blockchain oracle network and the token will replace XRP after Grayscale removed the digital currency from the GDLC. Chainlink Added to Grayscale’s … Read more

Grayscale Reveals Intentions to Convert the Firm’s Bitcoin Trust Into an ETF

by

On Monday, the digital currency asset manager Grayscale Investments announced intentions to file for a bitcoin exchange-traded fund (ETF) when permissible. The subsidiary of Digital Currency Group (DCG) says in regard to its crypto trust products that it always been the company’s intention “to convert these products into an ETF.” Transforming Grayscale’s $34 Billion Bitcoin … Read more

Bitcoin’s Price Consolidates, Elon Musk Tweet Sends Dogecoin Surfing, Filecoin Surges

by

While bitcoin prices have been consolidating just under the $60k handle, a number of other alternative digital assets have seen steep gains. Two coins, in particular, the decentralized storage network filecoin token and the notorious meme token dogecoin have jumped well over 10% during the last 24 hours. On Thursday, April 1, 2021, otherwise known … Read more