According to digital asset investment manager CoinShares, institutional demand in the United States has declined slightly, while European funds are still buying. According to Coinshares’ Monday "Fund Flows Weekly" report, combined flows into institutional crypto products totaled $99 million for the week ending March 20. The data indicates a significant decline in institutional demand, with inflows down 59% from the previous week, which recorded $242 million. However, the researchers noted that the assets under management figure for the top institutional investment products reached a record high of $57 billion. The report added that while demand has declined in the U.S., …

Every bull market is marked by a particular trend that catalyzes and sustains the uptrend in asset prices. In late 2020, Ether (ETH) led the way as the Ethereum network saw a surge in activity due to the growing popularity of the decentralized finance (DeFi) sector and the expectation that the altcoin would rally into the Ethereum 2.0 launch. As further signs of institutional money entering the cryptocurrency sector increase, the "Grayscale bump" has emerged as the newest trend that may trigger rallies in assets that are listed to be added to Grayscale's family of products. This is exactly what …

Optimism returned across the cryptocurrency market on March 17 following a brighter economic forecast from the U.S. Federal Reserve and comments which hinted at the possibility of an interest rate hike in 2022 if employment and economic indicators continue to improve. Data from Cointelegraph Markets and TradingView shows that Bitcoin struggled below the $57,000 level during early trading hours until the announcement from the U.S. Federal Reserve sparked a rally which took BTC to an intraday high of $58,243. Bullish momentum for the top cryptocurrency began to build after it was revealed that institutional banking giant Morgan Stanley will soon …

The price of Filecoin's native FIL token has rallied by more than 40% in the past 48 hours, spiking from $53.538 to as high as $75 across major exchanges, reaching its highest point since October 2020. FIL is now the 22nd-largest cryptocurrency, with a market capitalization of over $4 billion. However, its circulating supply is 58 million, or just 3% out of a maximum total of 2 billion. There are two possible reasons behind its uptrend, namely its fundamentals such as the growth of its storage capacity and transaction volume in addition to interest from investors, exemplified by the addition …

According to digital asset investment manager, CoinShares, institutional-grade crypto asset investment products inflows have already reached record levels so far in 2021. According to Coinshares’ March 15 Fund Flows Weekly report first quarter inflows into cryptocurrency funds are up 7.7% and already total $4.2 billion, smashing the quarterly record of $3.9 billion set in Q4 2020. There are now five digital asset investment providers with over a billion dollars in assets under management, or AUM: Grayscale, CoinShares, 3iQ, ETC Issuance, and 21Shares. The newly launched Purpose Bitcoin fund is in sixth place with $517 million in AUM according to the …

Grayscale Investments’ Grayscale Bitcoin Trust (GBTC) has been under the heat for the last couple of weeks as it traded below the Bitcoin equivalent for each share. The instrument trades on over-the-counter markets and is by far the largest listed cryptocurrency asset. Periodically, the private-placement offerings for GBTC shares are temporarily closed, along with similar products offered by Grayscale Investment such as its Ethereum trust. As of March 7, both GBTC and the Digital Large Cap Fund (GDLC) are under such periods. The fact that one of the only investment vehicles containing Bitcoin (BTC) has temporarily closed its issuance, along …

Cryptocurrency asset manager Grayscale has a new buyer of shares in its Grayscale Bitcoin Trust (GBTC) — its owner. In a press release on March 10, Grayscale parent company Digital Currency Group (DCG) announced plans to purchase up to $250 million of GBTC shares. GBTC to buy "up to $250 million" in shares The move, which comes amid volatile conditions for GBTC, follows plans to hire specialists in the exchange-traded fund (ETF) sphere, signaling a potential diversification by the company. According to the press release, DCG "has authorized the purchase by DCG of up to $250 million worth of shares …

Bitcoin (BTC) could be in for a $100,000 bull run next if a classic signal from institutions repeats its historical trend. In a tweet on March 4, Mike McGlone, senior commodity strategist at Bloomberg Intelligence, said that those seeking clues about what lies next for Bitcoin should look at the Grayscale Bitcoin Trust (GBTC). Negative premium "could signal march to $100,000" As Bitcoin fell to $43,000 and continued to linger below all-time highs thereafter, the so-called “premium” on GBTC flipped negative. This means that GBTC shares are trading below their so-called net asset price (NAV) — institutional buyers are able …

Despite the current battle between Bitcoin bulls and bears around the $50,000 price mark — and an 8.7% pullback over the past 24 hours — a raft of analysts and commentators have got out their crystal balls to tip a glittering future for Bitcoin prices. On Mar. 4, Senior Commodity Strategist for Bloomberg Intelligence Mike McGlone pointed to historical data to suggest that Bitcoin is on the way to $100,000. McGlone’s logic revolves around the growing discount for shares in the Grayscale Bitcoin Trust which is at the same level as last year’s Black Thursday collapse. The discount refers to …

Shares in Grayscale Investments' Grayscale Litecoin Trust, or LTCN, have been trading at a whopping 1,800% premium over the market rate of their underlying asset, Litecoin (LTC). $319 per Litecoin? This difference is primarily due to retail investors' inability to purchase shares directly from Grayscale Investments, whose funds are aimed exclusively at accredited investors. It costs $319 to buy a share in Grayscale Litecoin Trust. However, its LTC holdings per share are currently worth just $16.42. That means it's almost 20 times more expensive to buy Litecoin via the trust than regular spot exchanges. LTCN shares have recently traded for …

According to on-chain analytics provider Glassnode, the late-February crypto market correction may have purged excessive leverage from the markets. On March 1, Glassnode published a report analyzing the recent crypto crash, which was only the second significant crypto correction since the markets pushed into new record highs in late 2020. Glassnode noted that the crash peaked with a 25% fall in the price of Bitcoin (BTC) from the local top of $58,300 to $43,343. As such, the move was weaker than January’s dip, which saw a roughly 30% retracement from $42,000 to less than $30,000. The analytics provider suggested that …

Since 2017, investors have been anxiously awaiting a Bitcoin ETF approval as the existence of such a fund was an important symbol of mass adoption and acceptance from the realm of traditional finance. On Feb. 18, the Toronto Stock Exchange hosted the official launch of the Purpose Bitcoin ETF and the fund quickly absorbed more than $333 million in market capitalization in just two days. Now that the long-awaited Bitcoin ETF is here, investors are curious about how it will compete with Grayscale Investments GBTC fund. On Feb. 17, Ark Investment Management founder and CEO Cathie Wood said the likelihood …