One Third of Institutions Have Invested in Crypto Says Fidelity
A survey published by Fidelity has found that more than one-third of institutional investors globally are exposed to crypto assets. Go to Source Powered by WPeMatico
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Grayscale is Buying Up More Than Just Bitcoin
22% of crypto fund manager Grayscale Investments’ purchases have been Ether throughout 2020 so far, totaling $110 million worth of accumulation. Go to Source Powered by WPeMatico
Crypto Funds in Demand, Institutions See Bitcoin as Alternative Hedge
Grayscale Investments has been gobbling up Bitcoin in recent months, and most of its investors are institutions — but other funds are doing it, too. Go to Source Powered by WPeMatico
Grayscale Bitcoin Trust Buys Over 1.5 Times Total BTC Mined Since Halving
Grayscale Investments has purchased more than 1.5 times the number of bitcoins mined since the third Bitcoin halving for its bitcoin trust. This indicates that there is a strong institutional demand for the cryptocurrency, which is expected to grow significantly post the coronavirus crisis. GBTC Buys 1.5 Times the Amount of Bitcoin Mined After Halving … Read more
Grayscale is Now Buying 1.5 Times the Amount of Bitcoin Being Mined
Independent researcher Kevin Rooke estimates that Grayscale has ramped up its Bitcoin accumulation to a rate equivalent to 150% of the new BTC created since the halving. Go to Source Powered by WPeMatico
Central Bank Digital Currencies Are Not a Replacement for Bitcoin: Grayscale
Leading Bitcoin fund manager Grayscale Investments explains in its recent report that viewing CBDC as a Bitcoin replacement is incorrect. Go to Source Powered by WPeMatico
Institutional Investors Buying Up BTC Like Crazy After Halving
Institutional investors brewing a perfect Bitcoin storm Go to Source Powered by WPeMatico
Grayscale’s Bitcoin Holdings Pass $3 Billion, Growing 76% Year-on-Year
American digital asset management fund Grayscale has continued to grow, with the total assets under management hitting $3.8 billion. Go to Source Powered by WPeMatico
Grayscale Buys 33% of All Bitcoin Mined in Last Three Months
Grayscale Investments bought up to 33% of all newly minted bitcoin over the last three months, as the asset manager continues to stockpile major cryptocurrencies. The investment fund added 60,762 BTC to its Bitcoin Trust Fund between February 7 and May 17, a researcher posted on Reddit. That’s the equivalent of 607 BTC acquired by … Read more
Report: Square’s CashApp and Grayscale Consumed Over 50% of Bitcoin Mined Q1 202
Square’s Cash App and Grayscale absorbed over half of the Bitcoins mined in the first three months of 2020, according to a May 7 report. Go to Source Powered by WPeMatico