“We are just getting started!” that’s what Grayscale director Michael Sonnenshein said two days back in an interview with CNBC. Grayscale runs one of the biggest Bitcoin Funds – Grayscale Bitcoin Trust (GBTC) – that manages over $10 billion worth of assets. Interestingly, the director’s comments soon after Guggenheim Partners filed with the SEC to
After consolidating a while at around $17,200 levels, BTC price has once again surged 5.74% today surpassing $18,000 levels. At press time, Bitcoin (BTC) is trading at a price of $18,054 with a market cap of $332 billion. The latest Bitcoin price surge happened as one of the world’s biggest asset managers Guggenheim Partners is
Digital asset manager Grayscale continues to amass more and more Bitcoins as the Grayscale Bitcoin Trust (GBTC) clocks over $10 billion of assets under management (AUM). In the latest update, Grayscale notified that the total assets under management have also moved past $12 billion meaning the GBTC contributes a whopping 83% of its total value.
In a major development, the United States Securities and Exchange Commission (SEC) has given its approval for the Grayscale Ethereum Trust (ETHE) as the first public quoted ETH investment product in the country. Thus, shares of the Grayscale Ethereum Trust shall be quoted on the top OTC marketplace OTCQX, under the ticker symbol ETHE. We're
Bitcoin (BTC) price hits its new 2020-high as it inches closer to the $17,000 mark. At press time, Bitcoin (BTC) is trading at $16,615 with a market cap of $310 billion. Over the last month, the BTC price has appreciated over 50% as the net buyers on exchanges have overwhelmed the miner selling during this
Grayscale Crypto Trust Fund tops $6 billion in AUM (Asset Under Management). Bitcoin [BTC] accounts for $5 billion (83.33%) of the total assets. The AUM under the Ethereum Fund is 876.6 M, accounting for nearly 14.6% of the asset at Grayscale. The update from Arcane Research on Grayscale LLC.’s AUM point towards a high institutional
Digital Currency Group (DCG) subsidiary, Grayscale Investments, grew its digital assets under management (AUM) to $2.2 billion dollars cementing its place as the largest crypto institutional investment firm in the world. The Grayscale Bitcoin Trust (GBTC) asset contributed to $2.018 billion of the total AUM amidst growing institutional interest in altcoin based trust funds. GBTC