A recent report by Grayscale, the world's largest digital currency asset manager, revealed the firm now holds roughly 1.7% of all of Bitcoin’s supply in its Grayscale Bitcoin Trust (GBTC). Having seen the biggest quarter yet, Grayscale’s share of Bitcoin increased by 0.1% in 2020 despite current market uncertainties brought about by the COVID-19 pandemic. Rayhaneh Sharif-Askary, Grayscale’s head of investor relations, told Cointelegraph that “the majority of capital invested into our products comes from institutional investors.” He elaborated: “We saw 88% of the $503.7M in capital invested into our family of products come from institutional investors this past quarter. …

Grayscale’s Bitcoin Trust shares (GBTC) are currently trading at $7.49 per share, a 15.81% premium of Bitcoin. GBTC is the first publicly quoted security “solely invested in and deriving value from” Bitcoin and since listing it has been known to trade at a high premium, having hit a 2020 high of 41.42% on Feb. 18. The premium is usually accentuated when prices are high. The GBTC-BTC premium has dropped by over 30% since February this year, following Grayscale’s registration as a reporting company with the United States Securities and Exchange Commission as well as another private placement of its shares …

Investors are paying a 515% premium to buy Ether through the Grayscale Ethereum Trust. It costs $90.55 to buy a share in Grayscale Investments’ Ethereum Trust (ETHE), however its Ether holdings per share are currently worth just $16.10. That means it’s five times more expensive to buy Ether via the trust than on the open market. 04/09/20 UPDATE: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products. Total AUM: $2.5 billion$BTC $BCH $ETH $ETC $ZEN $LTC $XLM $XRP $ZEC pic.twitter.com/S68eNk8tEN — Grayscale (@GrayscaleInvest) April 9, 2020 While the ETHE premium goes up and …

Bitcoin (BTC) has “solidified” its role in the world economy as both a store of value and “digital gold,” the head of the world’s largest BTC fund has said. Speaking in an interview with financial news magazine The Compound on March. 2, Michael Sonnenschein, managing director of Grayscale Investments, said Bitcoin was in a new investment era. Grayscale: institutions think BTC is a “flight to safety” In complete contrast to even two years ago, in 2020, institutional investors consider it necessary to have the cryptocurrency in their portfolios. “Bitcoin itself has solidified its role as a store of value or …

Ether (ETH) has more than doubled in value so far this year, with strong fundamentals and increasing numbers of projects being built on the network. Here are five signs from this week that Ethereum’s time may have finally come. Institutional investors are now paying a 220% premium Accredited investors are currently paying a 220% premium to buy Ether through Grayscale's Ethereum Trust. The price of a single share in the Ethereum Trust is currently trading for $81.50 even though one share represents Ether worth just $25.46. Yesterday the premium was even higher, at 312%. The Grayscale Ethereum Trust has $154.5 …

Millennials prefer to hold Bitcoin (BTC) equity than invest in some of the world’s best-known companies, surprising new data reveals. In a report originally released in November, Charles Schwab, one of the United States’ biggest brokerage firms, shed new light on the increasingly pro-Bitcoin stance of Millennials compared to previous generations. GBTC makes inroads at Charles Schwab 1.84% of assets held as equity with Schwab are for the Grayscale Bitcoin Trust (GBTC), a Bitcoin investment vehicle that saw record participation in 2019. This is more than equity Millennials held in Berkshire Hathaway, Netflix, Disney Corp., and even Microsoft and Alibaba. …

Grayscale’s Bitcoin Trust now reports to the United States Securities and Exchange Commission (SEC), putting it one step closer to public trading. The announcement Grayscale’s Bitcoin Trust manages investment in Bitcoin on behalf of investors, exposing them to the coin’s potential for gains while mitigating risks. The Jan. 21 announcement advertises the trust as the first of its kind to report to the SEC. Grayscale’s full Form 10 is available here. Subsequent to this registration, the trust will need to file quarterly and annual reports with the SEC, which will then become publicly available. In response to an inquiry from …

Digital currency asset manager Grayscale Investments banked a stellar 2019 to surpass the $1 billion mark in total investments and now has over $2 billion in AUM. By the numbers In a comprehensive eighteen-page report, the firm touted a record Q4 in 2019. It raised $225.5 million into its investment products, lifting the year’s inflow to $607.7 million after back-to-back quarterlies over $225 million, possibly signaling a larger market trend. 71 percent of the year’s inflow sprung from institutional investors. Managing director Michael Sonnenshein told Cointelegraph: “We saw record-breaking investment into Grayscale’s family of products, illustrating continued demand from investors …

A report published on Dec. 4 by Bitcoin (BTC) fund operator Grayscale suggests that 43% of investors interested in Bitcoin are women. The study involved 1,100 United States investors of ages between 25 and 64 surveyed between March 28 and April 3, 2019. All the respondents were involved in personal investing and held at least $10,000 in investable assets with at least $50,000 in household income. Bitcoin not as male-dominated as believed? As the report points out, cryptocurrencies are believed to be a predominantly male space. Additionally, GoogleAnalytics suggests that over 90% of Bitcoin community engagement is male. But the …

On Nov. 19, Grayscale Investments, a subsidiary of Digital Currency Group and the world's largest digital asset manager, filed a voluntary registration statement on Form 10 with the United States Securities and Exchange Commission on behalf of its Grayscale Bitcoin Trust. If successful, the move would result in the trust acquiring the status of an SEC reporting company, the first cryptocurrency investment instrument to do so. The trust’s shares would therefore be registered according to the requirements of the Securities Exchange Act of 1934. Grayscale Investments expects the development to broaden the product’s investor base and provide those already holding …

American digital asset management fund Grayscale Investments is soon launching its diversified cryptocurrency investment product for public trading. Dubbed Grayscale Digital Large Cap Fund (DLC), the product includes five major cryptos including Bitcoin (ETH) and Ether (ETH), and will soon be available to trade on the over-the-counter (OTC) share trading marketplace OTCQX Best Market, the firm announced Nov. 22. Launched in 2018, DLC is an open-ended fund that provides market cap-based exposure to the upper 70% of the digital currency asset class. It will now be publicly traded under the symbol GDLCF. GDLCF is the fourth publicly-traded investment product launched …

Grayscale’s Michael Sonnenshein contends that the asset manager’s recent Form 10 filing with American regulators would be “a milestone” for the crypto industry if it’s approved. Sonnenshein — managing director at the world’s largest digital asset manager, Grayscale Investments — made his remarks during an interview with CNBC on Nov. 20. Hedge funds after digital asset exposure Earlier this week, Grayscale filed a registration statement on Form 10 for its publicly traded Bitcoin (BTC) fund Grayscale Bitcoin Trust (GBTC) with the United States Securities and Exchange Commission (SEC). If approved, the trust would become the first cryptocurrency investment vehicle to …