Grayscale Bitcoin, Ethereum Funds See Largest Ever Weekly Inflow

2020-11-4 00:47

Grayscale’s Bitcoin fund GBTC recorded the largest inflow of around $215 million in the week ending Oct. 29.

Focused on institutions, the uptick indicates a continued appetite for crypto among traditional financial players. 

Grayscale’s Bitcoin, Ethereum Funds Attract Institutions 

Grayscale Investments LLC offers accredited investors the opportunity to invest in digital currencies via share indices backed by digital assets. 

GBTC shares represent Bitcoin holdings in the trust fund. The trust adds Bitcoin equivalent to the share value issued by the investment fund. 

Last week, GBTC added 15,907 Bitcoins worth $215 million, reporting a consistent rise in the number of shares issued. The total GBTC now under management (AUM) is $6.41 billion. 

Grayscale’s Bitcoin Inflow (red), US dollars added (yellow), and no. of GBTC shares issues (blue). Source: Twitter

Apart from Bitcoin, the firm also offers investment in other cryptocurrencies like Ethereum, Bitcoin Cash, Litecoin, Ethereum Classic, Zcash, XRP, Stellar Lumens, and Horizen. 

Grayscale’s Ethereum fund (ETHE) has also shown a linear rise in investment since April 2020. The fund added 75,419 ETH worth $28.5M to its treasury yesterday, extending ETHE AUM to $914.9M. 

Total asset under management in Grayscale’s ETHE Fund. Source: yCharts

Ethereum leads other altcoins with 12% of the total AUM—GBTC accounts for 86.6%. 

Given that investment in Grayscale’s product is only limited to accredited investors, the rising GBTC and ETHE shares indicate positive institutional inflow. 

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 65540.59 (-0.05%)
Объем 24H $29.907b
Изменеия 24h: -0.50 %, 7d: 4.35 %
Cегодня L: $65194.83 - H: $65622.78
Капитализация $1291.028b Rank 1
Цена в час новости $ 13852.92 (373.12%)

ever weekly inflow largest see bitcoin ethereum

Источник: cryptobriefing.com

ever weekly → Результатов: 26


Фото:

Bitcoin Maintains $10k Support as Weekly Close Approaches; Factors to Consider

Bitcoin has found itself caught within a consolidation phase ever since its price bottomed at $9,900 yesterday This level has proven to be major support on multiple occasions throughout the past few days and weeks, suggesting that it may ultimately prove to be a long-term bottom Analysts are now noting that the cryptocurrency may be well-positioned to see significantly further upside in the days and weeks ahead That being said, how it continues reaction to […]

2020-9-6 19:00


Фото:

Massive $2,000,000 Prize Pool in the Biggest Ever Promotion Launched on Bitcoin Games

One lucky spin can propel your bet into a 5,000X multiplier, churning out huge amounts of money. Read on to find out how. Win Every Day Bitcoin Games, our very own cryptocurrency gaming portal, has teamed up with the popular games provider Pragmatic Play to bring a $2 Million tournament promotion with daily and weekly […] The post Massive $2,000,000 Prize Pool in the Biggest Ever Promotion Launched on Bitcoin Games appeared first on Bitcoin News.

2020-8-20 03:00


Фото:

Ethereum Faces a Critical Weekly Close as Bears Shatter Key Support

Ethereum has been struggling to maintain its momentum ever since it peaked within the $440 region The cryptocurrency is now trading right around a crucial support level that bears were able to shatter overnight Bulls are now moving the reclaim the cryptocurrency’s position above this level Whether or not it can hold above this level as its weekly close fast approaches should provide investors with significant insight into its near-term outlook Analysts are noting that […]

2020-8-17 22:00


Фото:

Venezuela Imposes Capital Controls on Bitcoin Remittance Amid Record Volume

Venezuela continues to reach new heights in terms of weekly Bitcoin trading volume. Meanwhile, the country’s government has issued new regulations that impose fees on Bitcoin remittance. 2,545 BTC: New Weekly Bitcoin Trading Record According to data from Coin Dance, Venezuelans traded 2,454 BTC via Localbitcoins (the P2P trading platform) for the week ending February 9, 2018.

2019-2-12 08:00


Фото:

Venezuela: First Bitcoin ATM Opens ‘In 2 Weeks’ Amid Localbitcoins Shutdown Reports

Venezuela, the country seeing new Bitcoin trade volume records on an almost weekly basis, is to get its first ever Bitcoin ATM. Cryptobuyer: ATM Already In Caracas In an interview with local radio and news media network Union Radio, Jorge Farias, CEO of Panama-based Cryptobuyer, said the machine had already arrived in the country’s capital Caracas.

2019-1-19 23:00


Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Ethereum Memecoin $PEPE Surges As Whales Accumulate Profits

The Ethereum memecoin $PEPE has seen a remarkable surge, hitting an all-time high of $0.00001127 today with a market cap surpassing $4.5 billion.  This represents a significant gain of over 11% for the day and 32% over the past 7 days, making it the second largest crypto memecoin in the […]