Tag: grayscale bitcoin trust

BTC Surges Past $19,200, Grows Bigger In Size Than MasterCard With $356 Billion Market Cap

The Bitcoin Price surge continues to challenge traditional financial players outgrowing some of the big companies in size. The BTC price has surged 6.41% today moving past $19,200 levels hitting its new 2020-high. Bitcoin (BTC) is currently witnessing massive trade volumes trading at a price of $19,262 with a market cap of $357 billion. With […]

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Bitcoin (BTC) Surges 5% Above $18,000 As Guggenheim’s Entry Sparks Excitement

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 […]

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Grayscale Bitcoin Trust (GBTC) Surges Past $10 Billion Assets Under Management

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. […]

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Last Week 3 Bitcoin Funds Added 24,337 Bitcoins as BTC Price Approaches $19,000

Bitcoin funds continue to add more Bitcoins in huge numbers as the BTC price approaches $19,000 on Friday, November 20. Over the last week, three of the top four Bitcoin funds have accumulated nearly 25,000 Bitcoins. 3 Bitcoin funds bought up 24,337 BTC this week. There are only 21 million, and they’re going fast. pic.twitter.com/jsP0sU4CF1 […]

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Grayscale Ethereum Trust Gets SEC Nod As the First Public-Quoted ETH Investment Product

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 […]

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Grayscale Surpasses $10 Billion in Crypto Under Management With Over 500,000 BTC in Bitcoin Trust

Grayscale Surpasses $10 Billion in Crypto Under Management With Over 500,000 BTC in Bitcoin Trust

Grayscale Investments has surpassed $10 billion in cryptocurrency assets under management. About $8.85 billion are held in the Grayscale Bitcoin Trust, which now holds more than 500,000 bitcoins. Over $10 Billion Under Management Grayscale Investments announced Tuesday that it has surpassed a major milestone in cryptocurrency assets under management (AUM), which the total now stands […]

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Weekly Per Hour Bitcoin (BTC) Purchase Jumps 50%, Net Buyers Dominate Miner Selling

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 […]

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JPMorgan’s Analysis Shows Institutional Investors Moving From Gold ETFs to Bitcoin

JPMorgan’s Analysis Shows Institutional Investors Moving From Gold ETFs to Bitcoin

JPMorgan has highlighted evidence of institutional demand for bitcoin and investors moving from gold exchange-traded funds (ETFs) to the cryptocurrency. The firm points out that bitcoin demand is driven not only by younger retail investors but also by institutional investors, such as family offices and asset managers. Gold ETF Investors Moving to Bitcoin JPMorgan’s Global […]

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$10 Billion in BTC Reserves: Companies With Bitcoin Treasuries Command Close to 4% of the Supply

$10 Billion in BTC Reserves: Companies With Bitcoin Treasuries Command Close to 4% of the Supply

The web portal bitcointreasuries.org now shows close to two dozen firms with a large number of bitcoin reserves. Currently, the aggregate total bitcoin held in reserves by the 23 companies listed is roughly 785,999 BTC worth well over $10 billion dollars. This past August the billion-dollar firm Microstrategy announced it purchased 21,454 BTC for around […]

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Institutional Rain: Grayscale Attracts Over $1 Billion In Fresh Crypto Investments in Q3

The world’s largest digital currency asset manager Grayscale released its Digital Asset Investment report for Q3 2020. Reportedly, the giant invested a whopping $1.05 billion into different crypto investment products during the third quarter. Dropping our latest Digital Asset Investment Report this morning…@Grayscale raised over $1 billion into our family of products in 3Q20!! a […]

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