DCG’s Grayscale Investments Records Losses Over $400 Million In Latest Crypto Asset Value Plunge

2018-11-23 17:40

The digital asset management firm Grayscale Investments has registered more than $400 million dollars losses in asset value in the last weeks. This is related to the bear market that virtual currencies are experiencing and the hard drop experienced by Bitcoin and other cryptos on November 14 and 19.

In a recent tweet uploaded by the company, they informed investors that the net value of the firm’s Bitcoin Investment Trust went down from $1.275 billion dollars on November 13, to $893.5 million dollars on November 21.

11/21/18 UPDATE: Holdings per share and net assets under management for our investment products

Total AUM: $1.0 billion$BTC $BCH $ETH $ETC $LTC $XRP $ZEC $ZEN pic.twitter.com/uFimoSX9g7

— Grayscale (@GrayscaleInvest) November 21, 2018

However, the worst losses were experienced by Bitcoin Cash (BCH) and Ethereum Classic (ETC). Bitcoin Cash experienced a network upgrade on November 15. There are two different networks currently trying to survive and have a space in the crypto market Bitcoin SV and Bitcoin ABC.

Greyscale has also added around $81.1 million dollars worth of client capital during the third quarter of the year. According to the company, 60% of the capital gathered came from institutional investors. The company has been trying to attract institutional investors with ads on Google and other sites.

During 2018, the company was able to raise $330 million dollars during 2018. This is quite promising considering that the market has been in a bear trend since the beginning of the current year.

During the third quarter, the company had a weekly average for the Bitcoin Investment Trust at $4.5 million dollars. Those investments not related to Bitcoin have also grown at $1.7 million dollars per week.

In the report, the company wrote:

“Despite a slight deceleration in the most recent quarter, new investment into Grayscale products remains strong. Grayscale raised $81.1 million in Q3, bringing our year-to-date inflows to nearly $330 million.”

According to the company, the company had the strongest year-to-year date inflows through September since the inception of their business.

Coming from a strong third quarter, the fourth quarter might not be as positive as the third one. At least, the numbers provided by the company a few days ago, show that the market drop has affected its numbers.

origin »

Dix Asset (DIX) на Currencies.ru

$ 1.0E-7 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $1.0E-7 - H: $1.0E-7
Капитализация $11.516k Rank 99999
Цена в час новости $ 7.0E-7 (-85.71%)

asset investments value grayscale million losses drop

Источник: bitcoinexchangeguide.com

asset investments → Результатов: 125


Фото:

VanEck’s MVIS Debuts First Ever Bitcoin OTC Index, Binance Invests $3M in OTC Trader

Over-the-counter (OTC) trading gained visibility and prestige this week as MVIS launched the first cryptocurrency OTC index and Binance Labs made fresh investments. Circle, Genesis, And Cumberland: Bitcoin OTC Index Source In a press release November 20, German-based MVIS unveiled its latest digital asset index composed of what it calls “three of the leading providers in OTC liquidity,” namely Circle Trade, Cumberland and Genesis Trading.

2018-11-20 18:00


Фото:

Криптобанк Майка Новограца стал первым клиентом трейдинговой платформы Fidelity

Криптовалютный банк миллиардера Майка Новограца Galaxy Digital Ventures стал первым клиентом компании Fidelity Digital Asset, предоставляющей решения по хранению и торговле криптовалютами для институциональных и аккредитованных инвесторов.

2018-10-19 23:21


Фото:

Fidelity Locks in Galaxy Digital as its First Crypto Client, “Robust Pipeline” of Customers to Come

Just days after blowing the lid off their new institutionally oriented cryptocurrency outfit, and Fidelity Investments has already bagged one of blockchain’s household names as its first client. And this client is Galaxy Digital — the multi-service, digital asset merchant bank headed up by billionaire Bitcoin bull Mike Novogratz — who will become the first […] The post Fidelity Locks in Galaxy Digital as its First Crypto Client, “Robust Pipeline” of Customers to Come appeared first on CryptoSlate.

2018-10-19 22:00


Fidelity Investments создает платформу для институциональных криптоинвесторов

Финансовая корпорация Fidelity Investments, под управлением которой находятся активы на $7,2 трлн, анонсировала запуск новой компании Fidelity Digital Asset Services для обслуживания заинтересовавшихся криптовалютами институциональных инвесторов.

2018-10-16 23:46


Фото:

Stackr: The Dawn of a Digital Asset Savings Solution - [BTC Media Sponsor]

Financial savings have long been the foundation of wealth and asset building. However, we are now in a time when the growing obsolescence of financial institutions has forced certain technologies out of date, created high fees, revealed structural inefficiencies and, ultimately, meant that some standard investment solutions now fail to place consumer needs first.

2018-10-6 16:37


Фото:

ErisX Receives Investment From TD Ameritrade, to Develop a Regulated Cryptocurrency Exchange

The year 2018 has seen several collaborations and investments from traditional financial service firms into the crypto market. Recently, TD Ameritrade made a strategic investment in ErisX. It is a regulated derivative exchange and a clearing organization that will support crypto spot markets and digital asset futures on the same platform.

2018-10-5 20:34


Фото:

Fidelity, World’s 4th Largest Asset Manager, Says Crypto Products ‘Underway’

US multinational financial services corporation Fidelity Investments plans to release details of its new cryptocurrency offerings before the end of the year, its CEO revealed this week. ‘A Few Things Underway’ Speaking at the Boston Fintech Week in its hometown, Abigail Johnson said the company, which is famous for its bullish stance on cryptocurrency, had several projects underway in the space.

2018-9-21 18:00


дальше еще 76 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Can traders gain from DEXE’s recent dip? THIS data suggests...

DeXe skyrocketed to a multi-year high then plummeted by double digits in a single day. Surging derivatives volume and a critical support zone near $14 can determine DEXE's next move. After wThe post Can traders gain from DEXE’s recent dip? THIS data suggests... appeared first on AMBCrypto.

MOVE surges 16% after WLF's buy - Can it reach an ATH?

Institutional interest in MOVE has escalated, alongside confidence in the token’s long-term potential. MOVE’s ecosystem is expanding, with 10,737 holders. Institutional interest in MovemThe post MOVE surges 16% after WLF's buy - Can it reach an ATH? appeared first on AMBCrypto.