Grayscale’s Bitcoin (BTC) Trust is on track to reach 500,000 BTC by the end of 2020. Last week, Grayscale saw a record inflow of $215 million (15,907 BTC) that surpassed all previous investments into the trust. The firm now holds $6.7 billion (481,711 BTC) as of the time of writing. Should the firm continue last month’s growth rate of 32,000 BTC, Grayscale in on-track to hold 500,000 BTC (2.7% of the circulating supply) within three weeks. By the end of next year, if the rate is consistent, Grayscale could control 926,600 BTC — equal to 5% of Bitcoin’s total current …

Crypto investing firm Grayscale recently released its 2020 Bitcoin Investor Study. The report used data from a survey which digitally polled a sizable number of individuals in the U.S. between June and July. Grayscale found the majority of the surveyed people were keen on buying Bitcoin (). "In 2020, more than half (55%) of survey respondents expressed interest in Bitcoin investment products," Grayscale in its October 2020 report. "This marks a significant increase from the 36% of investors who said they were interested in 2019." The numbers in Grayscale's report come from data compiled by research company 8 Acre Perspective. …

A survey by Grayscale Investments indicates that the COVID-19 pandemic has increased investor appetite for Bitcoin (). The firm surveyed 1,000 U.S. consumers between the ages of 25 and 64 that were involved in personal investments of $10,000 or more in household investable assets. The survey was conducted in June-July 2020. 63% of the respondents who had invested in Bitcoin in the previous four months said that the pandemic had an impact on their decision. Moreover, 39% found Bitcoin to be more appealing because of the pandemic. Only 13% said that the events surrounding COVID-19 made the asset less desirable: …

Crypto fund manager Grayscale Investments has increased its assets under management by $1 billion in the space of a week. According to an update posted to Grayscale’s Twitter account on Oct. 22, the investment firm currently has $7.3 billion in assets under management. That’s a billion-dollar increase on the $6.3 billion AUM Grayscale reported on Oct. 15. Each report is delayed by 24 hours, so it refers to the previous day’s figure. The funds are mostly held in Grayscale’s trusts for Bitcoin (BTC) and Ether (ETH), along with the firm’s digital large cap fund. The most recent spike is likely …

Bitcoin price has seen a healthy upward tick toward the $13,000 mark in the fourth quarter. At the start of the quarter, Bitcoin (BTC) was in the sub-$11,000 region, and from there, constant rises took the price to the $13,000 mark on Oct. 21 for the first time this year. The price rallied to $13,217, a record high for 2020, before falling to around the $12,750 mark. This upward price movement is certainly indicative of the bullish sentiment held by investors in the current market. Rising hash rate a bullish sign? The Bitcoin hash rate has also been constantly increasing …

The average value of Bitcoin (BTC) transactions has increased dramatically since July this year. The average transaction value was sitting at approximately $25,000 per transaction four months ago, but posted a yearly high on Oct. 20 at $151,000 per transfer — representing an increase of more than 500%. The latest spike, as shown by crypto analytics platform BitInfoCharts’ data, saw the average value of a transaction increase almost $50,000, up from $105,000, in the last 48 hours. This surge in transaction value comes shortly after Bitcoin’s trading dominance rose to levels not seen since 2017. The $151,000 average value is …

According to the latest SEC disclosure by the Grayscale Ethereum Trust, or ETHE, the impending transition of Ethereum (ETH) to the proof-of-stake consensus represents a risk that could have a “material adverse effect” on its shares. The ETHE recently filed an application with the regulator to become an SEC-reporting company. Companies of this nature are required to discuss the risk factors that may have an adverse impact on the their performance within all quarterly and annual reports. One section, meant to outline potential risks for the fund's future, outlines that the upgrade to ETH 2.0 may present certain difficulties for …

Crypto fund manager Grayscale Investments has increased the assets under management in its Bitcoin Trust by more than $180 million over the past week. According to data from information platform Bybt, Grayscale added 17,100 Bitcoin (BTC) to the firm’s Bitcoin Trust in the last seven days. The company now has 449,900 total coins under management — worth roughly $4.9 billion with the crypto asset at $10,890, closing above $10,000 every day for the last 63 days. This effectively means Grayscale controls roughly 2.4% of total coin supply — currently at 18,502,381 according to CoinMarketCap — and shows no signs of …

According to a recent report by CryptoCompare, a digital asset data resource, aggregate trading volumes exchange traded products (ETP) have plummeted drastically in the month of September. Aggregate ETP Volume ($millions) Source: CryptoCompare Overall daily cryptorrency ETP volumes plunged by roughly 74%, dropping from $186.5 million exchanged in mid-August to an average of $48 million in mid-September. Grayscale volumes take a hit Grayscale’s Bitcoin Trust product represents the overwhelming amount of trading activity in cryptocurrency ETPs, and has therefore taken the biggest hit when it comes to trading volumes. Grayscale’s top 3 cryptocurrency products, Grayscale Bitcoin Trust (GBTC), Grayscale Ethereum …

MicroStrategy acquired 16,796 more Bitcoin (BTC) for $175 million, adding to its previous purchase of 21,454 BTC. Now, it owns 38,250 Bitcoin, according to its latest disclosure to the United States Securities and Exchange Commission. This occurred on the same day that its board of directors made the cryptocurrency its primary treasury reserve asset. It was also indicated that the company could add to its Bitcoin reserves in the near future. The company’s CEO, Michael J. Slayer, also restated the same information in a tweet from earlier today. On September 14, 2020, MicroStrategy completed its acquisition of 16,796 additional bitcoins …

Blockchain Center has compiled data for some of the biggest Bitcoin (BTC) hodlers — from the Winklevoss twins to various scammers and hackers, and even “zombie coins”. Allegedly, the twins own 150,000 BTC, which places them between the Bitfinex hackers, who own 120,000 BTC, and the Mt. Gox trustees who lay claim to 166,000 BTC. One spot above the latter is occupied by another notable scam — the Plus Token scammers, who allegedly hold 200,000 BTC. Tim Draper supposedly holds a paltry 30,000 BTC, which he acquired in a government auction of coins seized from Silk Road. "Zombie coins” are …

CoinShares, a company that manages over $1 billion worth of crypto assets is opening up its reserves to a public audit. The service is provided by an accounting firm Armanino, which will be providing an updated state of reservers for various electronically traded products issued by XBT Provider, a CoinShares subsidiary. In a Cointelegraph interview, CoinShares COO Richard Nash said that he hopes this will give it an advantage over its rivals like Grayscale: “We're able to bring comfort to our stakeholders, whether that be investors or people looking at us through the normal regulatory lens.” Both Nash and Noah …