Tag Archives: Grayscale

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 Securities and Exchange Commission has doubled. He specified that those funds were the Grayscale Bitcoin Cash Trust (BCHG), the...

JPMorgan reportedly allowed its wealth management clients to get involved with half a dozen cryptocurrency funds over the past month. One of them – a new bitcoin fund created by the digital asset company NYDIG – is only available for private bank customers. New Crypto Offerings from JPMorgan According to a CNBC report, the American multinational investment bank – JPMorgan Chase & Co. – has provided its top customers with digital asset exposure to six cryptocurrency funds...

The popular Bitcoin stock-to-flow model is flawed, and the asset’s price might not reach a six-digit territory as it predicts, claimed the CEO of CryptoQuant, Ki Young Ju. In a recent interview, he also spoke about the declining issuance of stablecoins, the negative GBTC premium, and the potential consequences for BTC’s price. BTC S2F Model is Flawed Developed a few years back, the stock-to-flow model and its variations take into account the annual supply of BTC (flow) and...

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 the team. David LaValle has become the new Senior Managing Director and Global Head of ETFs, who will report directly to the company’s CEO – Michael...

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 Wealthfront with more than $25 billion in assets under management, revealed in a...

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 earlier this week, giving them the green light to give all retail wealth clients access to crypto funds, Business Insider...

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 – BNY Mellon – publicly declared its support towards the London-based cryptocurrency exchange Pure Digital....

Grayscale announced the release of its latest product called Decentralized Finance (DeFi) Fund to enable institutional investors to receive exposure to assets from that particular space. Some of the tokens represented in the fund will be Uniswap (UNI), Aave (AAVE), and Compound (COMP). Launched in 2013, Grayscale has become the largest digital asset manager with nearly $30 billion of AUM as of now. While its flagship product tracks the performance of Bitcoin, the firm has...

Although the US Securities and Exchange Commission has failed to approve even a single BTC ETF application, the Grayscale CEO believes it’s a matter of “when, not a matter of if.” In a recent interview, Michael Sonnenshein also outlined that the current price correction has allowed long-term investors to accumulate more portions. BTC ETF: A Matter of When not if The topic of Bitcoin ETF has surged in popularity lately as Brazil and Canada already have multiple such products...

While BTC’s price continues to trade in a range of around $32,000, all eyes are on today’s largest GBTC unlocking of over 16,000 bitcoins. On the other hand, some of the altcoins have bounced off since the recent price declines, with DOGE jumping by roughly 9% on a 24-hour scale. All Eyes on GBTC Unlocking After briefly exceeding $33,000 on Thursday, bitcoin started to retrace in value and lost about $2,000 in a day. The subsequent unsuccessful attempt by the bulls to recover...