Tag Archives: Grayscale

Bitcoin has hit a new all-time high. Just 24 hours after shooting beyond the $20,000 mark, the world’s number one digital currency by market cap has surged to $22,700, roughly $2,000 higher than where it stood just 24 hours ago.Bitcoin Is Growing Like Never BeforeThe currency has been on a serious surge over the past few weeks. Considering the asset was, at one point in mid-March, trapped below the $4,000 for a brief period, the currency has added close to $20,000 to its price in just nine...

With bitcoin marching to new all-time highs and dragging most alternative coins higher as well, the assets under management for the leading crypto manager Grayscale jumped to nearly $14 billion. This is a 7-fold increase for the company whose managing director categorized 2020 as the “coming of age story for the asset class.”Bitcoin Breaking Above $20K Is Not SurprisingAs reported earlier today, the primary cryptocurrency went on a tear that resulted in reaching almost $24,000. With its...

Ruffer Investment, a London-based asset manager with $27 billion in AUM, is the latest large company to purchase a considerable amount of bitcoin. The company has allocated 2.5% of the portfolio of one of its funds, translating into a purchase of about $15 million worth of BTC.UK Asset Manager Replaces Gold With BTCThe cryptocurrency community has discussed widely in the past few months that some institutions have taken funds out of gold investments and allocated them into bitcoin. While most...

CoinShares data reaffirms the narrative that institutional investors continue to allocate considerable amounts into cryptocurrency assets. Last week was the second-highest seven-day period with nearly $430 million inserted in the crypto market, driving the assets under management to an all-time high of $15 billion.Record-Breaking Weeks For Institutional Money In CryptoBy citing data from the digital asset manager CoinShares, Reuters reported the significant growth of institutional money...

The world wants crypto and Grayscale knows it. After announcing a massive purchase of over $280 Million in Bitcoin last week, Grayscale is now also betting on Ethereum.According to a report issued by Grayscale to the SEC, the company revealed having purchased 11455 ETH for a total of $74,135,609. The decision follows a terrific year for Ethereum, with the rise of DeFi projects and the launch of Ethereum 2.0 as the leading reasons behind the price rally of its native token, ETH.Genesis...

So many institutional companies have looked to bitcoin this year to attain their financial hopes and dreams, and now another one is being added to the list that already contains big names such as MicroStrategy and Square. The company is called Count Guggenheim Partners LLC, and it’s making a big bet on the world’s largest cryptocurrency by market cap.Guggenheim Is Turning to BitcoinThe firm is presently placing some of the money from its Macro Opportunities Fund – presently worth $5.3 billion...

Guggenheim Partners is among the largest investment and advisory financial services companies. The Wall Street giant filed a document with the US Securities Exchange Commission (SEC) to enable one of its funds, dubbed the Macro Opportunities Fund, to allocate millions of dollars in bitcoin.According to the filing, the Fund plans to spend 10% of its net assets on bitcoin through the leading cryptocurrency manager – Grayscale.“The Guggenheim Macro Opportunities Fund may seek investment exposure...

The Bitcoin billionaire bandwagon has another representative in the likes of Mexico’s second-wealthiest man – Ricardo Salinas Pliego. He recently highlighted the problems with fiat currencies, especially in Latin America, and clarified that his first BTC purchase came four years ago. Mexican Billionaire Points Out Fiat Problems According to a Forbes publication from earlier this year, Pliego is the second-wealthiest man in Mexico with a net worth of approximately $12 billion....

Hey Informanten, willkommen zur Bitcoin-Informant Show Nr. 1016. Im heutigen Video geht’s um folgende Themen: Ethereum Kurs an der Schwelle einer Rallye zu 1400$, Milliardär Ricardo Salinas Pliego kauft Bitcoin & Grayscale hält über 500.000 BTC. 1.) Ethereum Kurs an der Schwelle einer Rallye zu 1400$ wie 2017?https://cryptomonday.de/ethereum-kurs-an-der-schwelle-einer-rallye-zu-1400-wie-2017-diese-on-chain-metriken-sprechen-fuer-eine-baldige-eth-kursexplosion/...

Amongst bitcoin and cryptocurrency fund management firms, Grayscale takes the top spot. And so it has proved again by now becoming the owner of 500,000 BTC worth $8.5 billion. This roughly equals 2.4 percent of the cryptocurrency’s total programmed supply. Grayscale Investments Owns Bitcoin Worth $8.5 Billion A few hours ago, Barry Silbert’s crypto fund management firm Grayscale dropped an update regarding its bitcoin stash, now amounting to a massive 500,000 BTC. Grayscale...