Tag Archives: Grayscale

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 disapprove” them. “The Commission finds that it is appropriate to designate a longer period within which...

2021 saw many Americans jumping into the crypto space. In fact, according to a new report from Grayscale Investments, more than half of Americans owning crypto began trading just this year. Grayscale Issues New Report Detailing Crypto Ownership It can be said for many reasons that 2021 was the era of crypto. One of the main reasons is because assets like bitcoin and Ethereum hit all-time highs, with the former reaching $68,000 per unit in November and the latter spiking...

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 Stamford, Connecticut, from its New York headquarters. Founded by Barry Silbert in 2015,...

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 is already available for daily subscriptions by eligible individual and institutional accredited investors. The Grayscale...

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 through buying additional shares of the Grayscale Bitcoin Trust (GBTC). Summarizing the difference between the shares Morgan...

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 the largest cryptocurrency asset manager with an AUM of over $60 billion as of yesterday’s update. To have a clear view of this meteoric rise,...

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 at $10 billion, witnessed the existing investors selling shares to new backers. DCG is not only the parent company of crypto-media platform...

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. This means the company will more than triple its current position, which, as of October 19th, 2021, stands at...

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 expertise in the cryptocurrency space. Together, iCapital will provide access to...

Not long ago, Gary Gensler – the head of the Securities and Exchange Commission (SEC) – commented on how the agency would potentially unroll an approval path for a bitcoin-based exchange-traded fund (ETF). The news had some people dissatisfied given the circumstances of the rollout, and now Michael Sonnenshein – the CEO of Grayscale, one of the world’s largest bitcoin and crypto trusts – is throwing his two cents into the mix. Michael Sonnenshein Shares His Views on a...