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
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Grayscale Investments’ Diversified Cryptocurrency Fund Now an SEC Reporting Company
Grayscale Investments now has three SEC reporting funds, with the newest addition being the Digital Large Cap Fund. The company has also filed to make three other funds SEC reporting companies. Grayscale Investments, the world’s largest crypto asset manager, made two announcements Monday. The first was that the registration statement on Form 10 filed with … Read more
Grayscale’s diversified crypto fund becomes SEC-reporting firm
Grayscale also publicly filed three Form 10 registration statements on behalf of Grayscale Bitcoin Cash Trust, Grayscale Ethereum Classic Trust, and Grayscale Litecoin Trust. Go to Source Powered by WPeMatico
GBTC unlock edges closer as impact on Bitcoin price remains unclear
Contrary to JPMorgan’s analyst, the major GBTC unlock on July 18 might not put any downside risk on BTC’s spot price. Go to Source Powered by WPeMatico
First Midwest Bank Trust Division increases Grayscale Bitcoin Trust holdings by 283%
A report on the firm’s holdings to the SEC for Q2 2021 revealed the bank’s trust division had 29,498 shares in Grayscale’s Bitcoin Trust, worth more than $880,000. Go to Source Powered by WPeMatico
Bitcoin price will likely shrug off $530M GBTC unlock in July — analysis
New research questions the gravity of the upcoming unlocking events at the Grayscale Bitcoin Trust, pointing to bigger potential price threats later in 2021. Go to Source Powered by WPeMatico
Turning bullish? Institutions are net buyers of crypto for the first time in 5 weeks
CoinShares’ weekly report showed institutional managers are buying into crypto funds again after four weeks of profit taking. Go to Source Powered by WPeMatico
Cardano Joins Grayscale Digital Large Cap Fund as Third Biggest Component
Cardano has been added to Grayscale Investments’ large-cap cryptocurrency fund. It is now the third-largest component of the fund after bitcoin and ether. Grayscale Investments, the world’s largest digital currency asset manager, announced Friday the addition of cardano to its Digital Large Cap Fund (OTCQX: GDLC). Grayscale described this fund as “a passive, rules-based strategy … Read more
Ethereum Classic price has nearly doubled days after Digital Currency Group’s $50M bet
The gains also appear amid an overall crypto market recovery following Bitcoin’s sharp rebound from $30,000-support. Go to Source Powered by WPeMatico
Institutions turn bearish on ETH as record $50M exits Ether investment products
Ether investment products have suffered record outflows this past week, while Bitcoin flows have begun to stabilize. Go to Source Powered by WPeMatico