Grayscale, whose focus lately has been primarily on turning its flagship Trust into a spot Bitcoin ETF, has removed five altcoins from its Digital Large Cap Fund. The assets in question are Bitcoin Cash, Chainlink, Litecoin, Polkadot, and Uniswap. The statement from earlier this week informed that the largest digital asset manager had sold “certain...Read More
On June 29, the U.S. securities regulator rejected the proposal by Grayscale to list a spot Bitcoin exchange-traded fund (ETF) on the NYSE Arca exchange. According to the SEC, the proposal did not meet standards designed to prevent fraudulent and manipulative market practices. It stated that the rejection was not based on an “assessment of...Read More
Michael Sonnenshein, the CEO of the leading crypto asset manager, Grayscale Investments, believes the launch of ProShares’ Short Bitcoin Exchange-Traded Fund (ETF) could be a positive sign for the industry. SEC Becoming More Comfortable With Bitcoin In a Twitter thread on Tuesday, Sonnenshein noted that he believes the United States Securities and Exchange Commission (SEC)...Read More
The dramatic collapse in UST brought tremendous selling pressure, catching many off-guard. But the subsequent negative macroeconomic conditions have adversely affected the cryptocurrency market as a whole, with institutional demand plunging to the lowest levels. Grayscale Bitcoin Trust (GBTC) Hits Lowest Point The Grayscale Bitcoin Trust, an investment vehicle provided by asset manager Grayscale Investments,...Read More
The world’s largest digital asset manager – Grayscale – hired Donald B. Verrilli as additional legal counsel. With his help, the firm aims to receive the SEC’s approval and finally convert its Bitcoin trust into an exchange-traded fund. Grayscale Reinforces Bitcoin ETF Team In a recent tweet, Grayscale raised hopes that Verrilli could be a...Read More
The world’s largest digital asset manager – Grayscale – will reportedly launch an exchange-traded fund in Europe. The product, tracking the “Bloomberg Grayscale Future of Finance Index,” will go live in the UK, Germany, and Italy. Grayscale’s First ETF in Europe A few weeks ago, CEO – Michael Sonnenshein – disclosed that the company seeks...Read More
Given the total addressable market for digital on-chain transactions is far bigger than the current DeFi market size, worth around $200B, Grayscale said DeFi protocols powered by smart contracts are still being undervalued. The current capital markets alone are 500x more than the DeFi market, Grayscale outlined. In addition, NFT-associated transactions and Metaverse-related applications could...Read More
Grayscale – a popular cryptocurrency asset manager – has now launched the Grayscale Smart Contract Platform Ex-Ethereum Fund. The fund includes exposure to a variety of cryptocurrencies that power major smart contract networks besides Ethereum. Investing in Smart Contracts As announced by Grayscale in a press release on Tuesday, the fund marks the firm’s 18th...Read More
Grayscale – the world’s largest Bitcoin fund – has long had its attempts to become a spot-based Bitcoin ETF denied by the Securities and Exchange Commission (SEC). Investors are now speaking out against this, and have sent roughly 200 letters to the commission in support of the fund’s transition. Grayscale Investors Speak Out As reported...Read More
The world’s largest digital asset manager, Grayscale Investments, announced today the launch of its first ETF. Dubbed Grayscale Future of Finance ETF, it will be the first equity ETF to track the performance of the Bloomberg Grayscale Future of Finance Index. The statement dated February 2nd informed that the new product’s ticker will be GFOF....Read More
Digital currency investment and cryptocurrency asset management firm Grayscale continues to chase its expanded exchange-traded fund (ETF) plans with the launch of a new crypto-related index offered in collaboration with Bloomberg. Future of Finance Index By Grayscale and Bloomberg According to a press release issued on Wednesday, January 19, 2022, Bloomberg and Grayscale have announced...Read More
The world’s leading digital asset manager – Grayscale Investments – has readjusted its DeFi Fund. The firm rebalanced the financial product’s weightings with AMP (the native token of the Flexa payment Network), while Bancor Network Token (BNT) and Universal Market Access Protocol (UMA) were removed. Adjusting The DeFi Fund According to a recent series of...Read More
The United States Securities and Exchange Commission (SEC) has postponed its decision regarding the Bitwise Bitcoin ETP Trust and Grayscale Bitcoin Trust applications. SEC Extends Approval Date to Feb 2021 The regulatory body has issued two new extension dates for both applications to determine whether to approve, reject, or “institute proceedings to determine whether to...Read More
According to a study conducted by Grayscale Investments – the world’s largest digital asset manager – 26% of the American investors already own bitcoin. 55% of the HODLers entered the crypto market in the last 12 months. Every Fourth American Has BTC Despite bitcoin’s current price decline, the primary cryptocurrency has had a highly successful...Read More
Digital Currency Group (DCG) is moving to Connecticut, and with this relocation, the company aims to generate over 300 jobs over the next five years. Barry Silbert cited the proximity to major metropolitan areas, infrastructure, talent, business-friendly environment, and facilities as the reasons behind the move. Cryptocurrency behemoth Digital Currency Group (DCG) announced relocating to...Read More
Grayscale Investments, the digital asset manager with over $50B in AUM, announced the launch of its 16th investment vehicle – the Grayscale Solana Trust. The company’s press release, dated November 30th, explained that the new Trust will “solely and passively” invest in SOL – the native cryptocurrency of the popular blockchain project, Solana. The product...Read More
Metaverse is a whole new paradigm paving the way for yet another exciting investment frontier. Grayscale Investments, the world’s largest digital asset management firm, believes that the industry will be valued at over $1 trillion in the next few years. According to the latest research report by the company titled ‘The Metaverse, Web 3.0 Virtual...Read More
A recent filing with the United States Securities and Exchange Commission (SEC) reveals that the international banking behemoth Morgan Stanley has an increased appetite for BTC, even as the price of the cryptocurrency goes up. According to several filings with the SEC, Morgan Stanley has substantially increased its BTC exposure. The company has done so...Read More
Following yesterday’s price increases and new records, the world’s largest digital asset manager reached an ATH of its own in terms of AUM by topping $60 billion. Interestingly, if the company operated as an exchange-traded fund, it would have been the 19th-largest. If ETF, Grayscale Would Be in Top 20 Launched in 2013, Grayscale is...Read More
The New York-based giant Digital Currency Group sold $700 million worth of shares in a secondary sale in a deal on Monday led by some high-profile participants such as SoftBank, Alphabet Inc’s Capital G, and Ribbit Capital. With this, DCG becomes the latest’ decacorn in the crypto space. The secondary round, which valued the company...Read More
Digital Currency Group, the organization behind the world’s largest cryptocurrency asset manager, has decided to enhance its Bitcoin position by authorizing the acquisition of $1 billion more worth of shares of Grayscale’s Bitcoin Trust. The press release dated October 20th reads that Digital Currency Group has upped its authorization from $750 million to $1 billion....Read More
The world’s largest cryptocurrency investment vehicle – Grayscale – plans to file to turn its BTC Trust into a Bitcoin spot ETF next week. This comes amid numerous reports claiming that the SEC has finally decided to greenlight an exchange-traded fund tracking the performance of bitcoin, even if it’s a futures one. Citing people familiar...Read More
Grayscale – the world’s largest digital asset fund based in the United States – has recently partnered with fintech investment platform iCapital to provide cryptocurrency investment strategy to the latter’s 6,700+ clients. Crypto Exposure for Wealthy Clients As reported by Globe News Wire, the partnership will be pairing iCapital’s technology and investment capabilities with Grayscale’s...Read More
The largest digital asset manager – Grayscale Investments – has announced that the Bitcoin Cash Trust, the Ethereum Classic Trust, and the Litecoin Trust have become SEC reporting products. Thus, the total number grew to six. Speaking to Forbes, Grayscale’s CEO – Michael Sonnenshein – indicated that the company’s portfolio of funds reporting to the...Read More
Despite the bearish rhetoric prevalent among crypto analysts until recently, Morgan Stanley, one of the largest banks in the United States, has been gaining exposure to Bitcoin by investing millions of dollars through its various funds. Even though the information was publicly available, Twitter User MacroScope was one of the firsts to share it on...Read More
Grayscale has appointed David LaValle, a former executive at Alerian and S-Network Global Indexes, to help the company on its way to having a BTC ETF approved in the States. As announced earlier on August 4th, the leading digital asset manager has enhanced its endeavors to launch a Bitcoin ETF through a new addition to...Read More
The financial institution Wealthfront announced it would expand its menu of digital asset investments by including Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (ETHE). Additionally, the company would provide more solutions to its customers with cryptocurrencies different than BTC and ETH. Wealthfront Customers Can Now Invest in GBTC and ETHE The California-based investment provider...Read More
Retail wealth clients at American banking giant JPMorgan Chase & Co have been given access to several cryptocurrency products, including Grayscale Bitcoin Trust (GBTC). The move makes the bank the first major financial institution in the United States to do so. JPMorgan Approves Five Crypto Funds The bank issued a memo to its financial advisors...Read More
The Bank of New York Mellon Corporation and State Street Corporation joined four other institutions in backing the digital asset exchange Pure Digital. Furthermore, America’s oldest banking organization plans to expand its crypto offerings to clients. BNY Mellon Diving Deeper into Crypto According to a recent Financial Times report, one of the largest custodian banks...Read More
The latest retracement that drove bitcoin to sub-$30,000 levels has not deterred Cathie Wood’s investment management company ARK Invest. The firm has bought more than 140,000 additional shares of the Grayscale Bitcoin Trust in a day for its ARK Next Generation Internet ETF. ARK Investment Bought the Bitcoin Dip? The price of the primary cryptocurrency...Read More
