Category: Grayscale

Grayscale Now Owns More Than 3% of Total 21 Million Bitcoins That Will Ever Exist

The leading digital asset manager Grayscale continues to tighten its grip on the bitcoin supply. According to recent estimations, the company now owns over 3% of all the 21 million BTC that will ever exist. Grayscale’s BTC Domination Launched in 2013, Grayscale is the largest cryptocurrency asset manager with over $27 billion in assets under […]

Continue Reading

Demand for Crypto Soars: Bitcoin Funds Break Records, Goldman Sachs Wants In

Demand for Crypto Soars: Bitcoin Funds Break Records, Goldman Sachs Wants In

Investors are increasingly seeking exposure to bitcoin following the recent months-long price rally. Bitcoin exchange-traded products are seeing record trading volumes. Meanwhile, more big banks are reportedly trying to get into the crypto space, including Goldman Sachs. High Demand for Bitcoin and Crypto Products With the price of bitcoin rapidly rising over recent months, more […]

Continue Reading

Institutional Investors Bought $2.8 Billion in Bitcoin Through Grayscale In Q4 2020

Institutional Investors Bought $2.8 Billion in Bitcoin Through Grayscale In Q4 2020

Grayscale Investment has done it again with another record-breaking quarter. In its Q4 2020 report, the leading digital asset manager informed that institutional investors had allocated over $3 billion into its product, with Bitcoin accounting for the most significant part. $3.3B Invested In Grayscale In Q4 2020 Despite the challenges that 2020 brought to the […]

Continue Reading

Six-Figure Bitcoin Price Predictions Back on The Table

This has resulted in the renewal of six-figure price predictions for this market cycle, with some suggesting a top of $300,000 this time around. At the time of writing, Bitcoin was trading at $37,900 after reaching an intraday high of $40,000 according to Tradingview.com. The asset had started to fall back during the Asian trading […]

Continue Reading

Grayscale Moves to Dissolve XRP Trust Amid SEC-Ripple Fiasco

Sequel to its removal of XRP from its diversified public crypto fund, Grayscale Investments has announced the dissolution of its XRP Trust. The move is another fallout from the current enforcement action instituted by the U.S. Securities and Exchange Commission (SEC) against Ripple. Grayscale Terminates XRP Trust Grayscale announced the decision to dissolve its XRP […]

Continue Reading

Grayscale says it will dissolve XRP Trust, citing market reaction to SEC lawsuit

Grayscale says it will dissolve XRP Trust, citing market reaction to SEC lawsuit

Digital asset investment firm Grayscale is moving to dissolve the XRP Trust — a move that comes days after it announced the liquidation of XRP positions from its Digital Large Cap Fund. In a press statement circulated Wednesday, Grayscale cited the decision by the Securities and Exchange Commission to file suit against Ripple last month, in […]

Continue Reading

JP Morgan Warns a US Bitcoin ETF Could Bust BTC Prices in the Short Term

The reasoning behind such a claim is that an approved ETF could potentially compete with and cause an outflow from the world’s largest traded cryptocurrency fund, Grayscale’s Bitcoin Trust. It was suggested that the ETF would erode the Grayscale Trust’s effective monopoly, sparking outflows and a slide in its premium to net asset value. This […]

Continue Reading