The SEC announces amendment to the Securities Law w.r.t. to the definition of “accredited and institutional investor.” The U.S. Governmental agency is looking to recognize the knowledge and expertise of individuals to freely participate in the financial markets. The new definition seeks to provide favourable treatment for “qualified and knowledgable” individuals in addition to the
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
After Grayscale Bitcoin Trust became an SEC reporting company back in January, the Grayscale Ethereum Trust followed the footsteps of the Bitcoin Trust and filed to become an SEC reporting company. The United States Securities and Exchange Commission [SEC] has been an essential part of the crypto ecosystem. Even though the crypto industry upholds decentralization
Recently, excess demand for GBTC vs. actual supply of Bitcoin drew a handsome picture of the Bitcoin markets. Reports by independent researcher Kevin Rooke and 100 Acre Investments were the talk of the hour all among all crypto enthusiasts. It essentially meant that one institutional trust in the US is buying up more Bitcoin than
Three Arrows Capital becomes the leading holder of the GBTC fund with 6.26 share. Analysts who attempt to gauge the strategy at play see this is as a ‘premium play.’ Nevertheless, essentially the hedge fund is bullish on Bitcoin. The GBTC share under Three Arrows Capital is nearly $259 million. The hedge fund is Bullish on
Bitcoin [BTC] demand is becoming net positive with respect to the daily supply. With more than 87.5% of the total supply already mined, this is indicative of positive effects in price. The report from 100 Acres Investment analyzes the demand across two leading platforms in the U.S. for institutions/accredited investors and retail investors – Grayscale
Bitcoin [BTC] price has been stalling in the $8800-$9000 range, as traders in the space are working to fathom the bullish or bearish narrative. Apart from that, in the past, there has been also debating around retail vs. institutional factors driving the markets. The crypto bubble in 2017 was essentially led by retail demand, and eventually,
Lately, the crypto markets have been under a lot of pressure, as the COVID-19 crisis is taking over the world. As reported on CoinGape yesterday, quick recovery in many of these altcoins is now beginning to shrink the dominance of Bitcoin. However, Grayscale’s quarterly report suggests that the interest in other cryptocurrencies has been subsiding
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
Grayscale Investments provides a trust fund for investment in digital assets like Bitcoin. It one of the most prominent authorized Trusts for digital currencies in the US. The #dropgold campaign initiated by Grayscale made a profound impact on the investors. According to Grayscale’s recent Performance and Risk Monitor report, GBTC – Grayscale BTC index projects an
Key highlights Reddit Bitcoin discussion is positive Square sold $125M BTC in Q2 SEC may outsource crypto nodes Walmart patenting a stable coin Grayscale using Coinbase Custody S Korea starts regulation-free zone Reddit Bitcoin discussion is positive The interest in Bitcoin is definitely rising and by far is positive. And here comes another number that
Top Crypto Asset Manager, Grayscale recently transferred a huge amount in Bitcoin and other largest cryptocurrencies to Coinbase custody. According to the reports, Grayscale’s decision comes as a part of the custodian solution. Nevertheless, Coinbase custody will ensure the security of Grayscale’s largest crypto assets that including; Bitcoin, Ethereum, XRP, Litecoin, Bitcoin Cash, Stellar Lumens,
Grayscale Investments, LLC is a regulated firm for cryptocurrency asset management and investment. It offers multiple single assets and various asset products based on cryptocurrencies. Nevertheless, Bitcoin-backed GBTC is the most selling financial asset. Grayscale is known for its #dropgold campaign to favor digital currencies. The LLC recently conducted a survey, including investors in the US.
Bitcoin [BTC] is essentially a cryptocurrency that can be stored digitally using a combination of public and private address. While the ledger provides a guarantee against immutability and hacking, the wallet still fails to provide complete trust and security to a person. A cryptocurrency trust fund, on the other hand, can provide a secure way
Key highlights Binance launching margin trading Robinhood launches crypto in NY AT&T accepts BTC for bill payment Grayscale’s ETH Trust approved Montana law exempts utility tokens Binance launching margin trading Cryptos is maturing and its exchanges are getting closer to modern day exchanges. Yet another step towards this week, as Binance, confirmed it will be
The host of Keiser Report and Bitcoin bull Max Keiser has again expressed optimism that Bitcoin will reach his predicted $100,000 price. Speaking in an interview with Kitco News, Keiser said several factors such as major institutions like TD Ameritrade, eToro and others getting into Bitcoin will eventually take the price to his price target
Is crypto really replace the gold.? As Grayscale’s #DropGold advert is on the rise, UK’s largest organization for the gold industry, World Gold Council (WGC) hit a new blog against #DropGold wherein its manager explained why ‘cryptocurrencies are no replacement for gold’. #DropGold promo Ad received a number of positive responses from across the largest crypto
Its been a decade since Bitcoin came into existence and it’s almost the same time frame that crypto enthusiasts have been claiming Bitcoin to be “digital gold”. Considering how investment dynamics in Gold works, Grayscale Investment has launched a campaign to promote Bitcoin as an alternative to investing in gold calling it #DropGold. Investments in
Is bull really continued? Although the downtrend in the price of Bitcoin since late 2017 saw 74% decline, this seems to have very less effect on New-York based Grayscale Investment venture. According to CEO, Barry Silbert, the firm has raised over $20 million in the latest week which is reportedly the highest value since 2017.
If you ask 10 people, 9 people would say that Institutional money is expected to trigger the next bull run in crypto markets. It was assumed that the Bitcoin ETF would open floodgates for institutional money, but umpteen number of rejections and delays seems to have forced institutional investors to take various routes into cryptos.