Time Magazine continues to warm up to crypto, naming Digital Currency Group and Coinbase in its 2021 Top 100 Most Influential Companies list. Published on Tuesday, the Top 100 emphasized the impact that the two crypto giants have made over the past 12 months. The list consisted of five different categories — Pioneers, Leaders, Innovators, Titans and Disrupters. Digital Currency Group was categorized as a Disrupter alongside other big names such as Tesla, Huawei, Shopify and Clubhouse. Time noted that the DCG is “demystifying crypto for investors” through its subsidiaries, asset manager Grayscale and crypto news website CoinDesk. As of …

Chicago-based financial institution Rothschild Investment Corp, has acquired 265,302 shares in Grayscale’s ETH trust, according to a filing on April 15 with the United States Securities Commission or SEC. The firm also added more Grayscale Bitcoin trust shares to its holdings, with the latest SEC filing revealing that it increased its tally from 30,454 in January up to 38,346 this month. Rothschild Investment has been accumulating GBTC since 2017, and the latest filing shows the firm’s appetite for crypto exposure is not slowing down. Ether proponent Ryan Adams, the founder of crypto investment firm Mythos Capital and Bankless, commented on …

Major United States asset manager Grayscale has just surpassed $50 billion in cryptocurrency assets under management for the first time. Grayscale’s AUM is creeping ever closer to the $57-billion holdings of the largest commodity ETF. MILESTONE: We just reached $50 billion AUM. Yet another reason to #GoGrayscale. pic.twitter.com/Jrk7n6TAOI — Grayscale (@Grayscale) April 14, 2021 The company has plans to convert into an ETF when regulations allow. If the ETF had been approved already, Grayscale would be the second-largest commodity ETF behind SPDR Gold Shares. GLD is a physically backed gold exchange-traded fund with listings on stock exchanges in the U.S., …

Institutional fund manager Grayscale has partnered with acclaimed New York-based Time Magazine to produce an educational video series on the subject of crypto assets. The partnership was announced in April by Grayscale CEO Michael Sonnenshein, with Sonnenshein revealing that Time will receive payment in Bitcoin (BTC). Further, Time does not intend to convert the Bitcoin it receives through the deal into fiat and will hold the crypto asset on its balance sheet. No further details of the partnership have been revealed so far. Thrilled @Grayscale is partnering w/ @TIME on a new video series coming this summer explaining the #crypto …

Cointelegraph Consulting’s 2021 ranking of the top five United States-based regulated crypto asset management firms highlights that Bitcoin’s explosive growth in price has catapulted many digital asset managers past the half-billion-dollar mark. As more and more investors are turning to the digital asset market, these companies are on track to becoming important players in the U.S. financial industry. Grayscale Investments Grayscale is one of the largest and well-known firms in the crypto world, which was founded in 2013 by its parent organization — Digital Currency Group. Grayscale now has a total of more than $40 billion in assets under management, …

According to digital asset investment manager CoinShares, the first quarter of 2021 hit a new record for institutional crypto product inflows. As reported in CoinShares’ Tuesday “Digital Asset Fund Flows Weekly” bulletin, Q1 of this year hit a new record with $4.5 billion in inflows compared with $3.9 billion in the final quarter of 2020. It added that inflows for the past week recorded, which ended on Friday, totaled $106 million, helping push the total for the three-month period 11% higher than the previous quarter. The inflow was down on previous weeks, however, as the week ending March 12 recorded …

After several attempts in previous years, Grayscale has renewed its push to release a Bitcoin exchange-traded fund on American asset markets. According to a Monday roadmap, two of its funds, GBTC and ETHE, are on the short-list to become proper ETFs. However, the company has not indicated any concrete efforts, such as filing a new request with the SEC, nor has it provided meaningful timelines for these plans. Grayscale is one of the major providers of cryptocurrency exposure in traditional markets, operating several trust funds for major cryptocurrencies. These funds hold cryptocurrencies, such as Bitcoin (BTC), Ether (ETH), Bitcoin Cash …

For the first time, shares in Grayscale’s Bitcoin Trust traded at a discount compared to spot BTC for an entire month. Rafael Schultze-Kraft, the CTO of on-chain analytics provider Glassnode, shared the observation to Twitter on April 1, noting shares in the institutional fund manager’s Bitcoin Trust had traded at a notional discount of -6% on average during March. He noted the discount in Grayscale’s BTC shares has coincided with the launch of the Purpose Bitcoin ETF in Canada — which has accumulated 16,000 BTC worth roughly $940 million since launching in late February. 3/ The drop in $GTBC premium …

Capital flows into cryptocurrency investment products rose again last week, though the pace of growth has slowed since the start of the year, possibly marking a local top in institutional demand. Net inflows totaled $21 million for the week ending March 27, according to CoinShares, a European digital asset manager. That was the lowest level since October 2020 when Bitcoin (BTC) was trading sub-$14,000. Coupled with low investment volumes, investor appetite for crypto assets appears to have waned. The decline coincided with the lackluster price performance of major assets like Bitcoin and Ether (ETH), which have been unable to test …

Bitcoin (BTC) may have shed $10,000 in a week but the cryptocurrency's "supply crisis" is more real than ever. According to the latest data from on-chain monitoring resource Glassnode, exchange BTC reserves are at an all-time low. Everyone wants BTC In a telling depiction of investor strategy, exchange reserves have plummeted in recent months — and have continued dropping despite mixed price action. Hodlers, it seems, want to hodl rather than trade or sell, even at all-time highs above $60,000. At Coinbase, the largest U.S. exchange by volume, BTC stocks have crashed by nearly $8 billion at current prices, or …

Bitcoin (BTC) institutional investment firm NYDIG has staged an abrupt price cut for investors using it to gain exposure to BTC price action. In a press release on March 24, the company confirmed that effective immediately, its access fee had been reduced to 0.3%. Bitcoin buyers pick their premium The move comes just days after NYDIG's FS Select NYDIG Bitcoin Fund became one of three products selected by Morgan Stanley to be offered to its wealthy institutional clients. A potentially timely maneuver, the fee reduction may have consequences for competitors, notably the Grayscale Bitcoin Trust (GBTC), management fees for which …

Cryptocurrency assets held by institutional investment managers topped $57 billion last week, marking a new all-time high and underscoring the rapid adoption of digital assets underway among institutions. For the week ended March 19, digital asset manager CoinShares revealed that net inflows into digital asset investment products rose by $99 million. Contributing to that increase, Grayscale generated $9.1 million of inflows, bringing its year-to-date total to $2.373 billion. Grayscale is by far the world’s largest digital asset manager, with $44.2 billion in assets under management as of Monday. Flows into CoinShares itself, however, declined by $25.9 million from the previous …