Grayscale Posts Holdings and AUM Update

2021-3-27 18:00

The famous Grayscale pod of crypto whale trusts now have $41 billion under management.

Digital currency asset managers Grayscale tweeted an update on their holdings and net assets under management on March 26. The company now holds almost $34.7 billion worth of Bitcoin and almost $5.2 billion of Ethereum. 


The digital trust giant now lists 14 different vehicles, with five new funds announced on March 17. These are funds for Basic Attention Token (BAT), Chainlink (LINK), Decentraland (MANA), Livepeer (LPT), and Filecoin (FIL). The amounts of these coins under Grayscale management are small compared to the flagship trusts.The largest is the MANA holding, at $14.6 million.

Will Grayscale Pivot?

The biggest threat to Grayscale’s market position might not be the volatility of crypto, but rather its success. Currently, there are only ways for an institutional investor to gain exposure to cryptocurrency. One is to invest in a company with BTC in its corporate treasury. MicroStrategy is a good example for companies taking this route. Even Norway’s sovereign Oil Fund has bought into MicroStrategy. 

The other way is to invest into a crypto fund such as Grayscale Bitcoin Fund. This way, instead of owning the BTC directly, the investor owns shares of the underlying asset. 

However, this is coming to an end. Institutional investors want Bitcoin Exchange Traded Funds (ETFs), where the costs are lower and the market is bigger. Until now, the U.S. Securities and Exchange Commission (SEC) has been turning down applications for Bitcoin ETFs with the claim that the market is too immature.

Enter Fidelity, Maybe

On March 24, Fidelity Investments filed with the SEC for permission to launch its own ETF. Fidelity’s ETF application is perhaps too big to ignore. First, the company is one of the largest asset managers in the world. It has $8.3 trillion under management in a variety of asset classes at this time. Even the Grayscale whale pales in comparison.

Canadian ETFs might influence SEC decision-making as well. Canadian regulators permitted the first Bitcoin ETF in North America to launch in February 2021. The Purpose Bitcoin Fund gained $400 million in two days of trading and and $800 in its first month of operation. The closest American participation in the fund comes from Gemini Fund, owned by the Winklefoss twins.  The Winklevosses, who had wanted to open their own ETF, now manage custodial operations for Purpose’s non-Canadian holdings.

Bitcoin ETFs in the US will definitely cool enthusiasm to Grayscale’s fees. Will Grayscale open its own Bitcoin ETF in response to a ‘yes’ to Fidelity from the SEC?

The post Grayscale Posts Holdings and AUM Update appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Interstellar Holdings (HOLD) на Currencies.ru

$ 0.0001343 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: -26.89 %
Cегодня L: $0.0001343 - H: $0.0001343
Капитализация $133.055k Rank 99999
Доступно / Всего 990.574m HOLD / 1.5b HOLD

update almost holdings grayscale company bitcoin worth

update almost → Результатов: 68


MoonTrader ICO

MoonTrader team has developed and is supporting the trading terminal (MoonBot - moon-bot. com) which was introduced in October 3, 2017. Currently, the performance of MoonBot surpasses that of most existing trading systems as a result of its advanced functionality and the high security features designed to protect your trading activities.

2019-6-13 21:03


Nano (NANO) Price Analysis and Prediction 2019 – Yearly Low, Here We Go (June 1st Update)

4H NANOBTC NANO is having a hard time to stay afloat. While other coins had their mini bull runs, NANO stood on the bylines and did almost nothing aside of couple of weak jolts up. Right now it is hovering around the yearly lows at 19k sats and should it fail to hold this height, […] The post Nano (NANO) Price Analysis and Prediction 2019 – Yearly Low, Here We Go (June 1st Update) appeared first on CaptainAltcoin.

2019-6-2 18:38


Ripple’s XRP Price Analysis and Prediction 2019: Getting Ready To Attack $0.50 Level (May 28th Update)

Daily XRPBTC XRP almost gave away all the May 13th – May 17th (big move of 1600 sats) gains over bitcoin. Right now, XRP is hanging below EMA20 around 4800 sats after being rejected at a sturdy resistance zone of Fib236 at 5600 sats that needs to be shattered before XRP can attack the Fib50 […] The post Ripple’s XRP Price Analysis and Prediction 2019: Getting Ready To Attack $0.

2019-5-28 01:02


Verge (XVG) Price Analysis And Prediction 2019 – Verge Has One Foot In The Grave (Mid May Update)

Mid May Update: Technicals XVGBTC daily chart looks anemic as XVG struggles to hold its long-term support zone at around 150 sats, falling back to the current 99 satoshis. Trading volume is feeble and there is almost no buzz around XVG on social media and media outlets in general – all portents of a dying […] The post Verge (XVG) Price Analysis And Prediction 2019 – Verge Has One Foot In The Grave (Mid May Update) appeared first on CaptainAltcoin.

2019-5-14 02:40


Verge (XVG) Price Prediction 2019 – The Purge of No Value Coins Has Begun (Early May Update)

Early May Update: Technicals XVGBTC daily chart looks anemic as XVG struggles to hold its long-term support zone at around 150 sats, falling back to the current 119 satoshis. Trading volume is feeble and there is almost no buzz around XVG on social media and media outlets in general – all portents of a dying […] The post Verge (XVG) Price Prediction 2019 – The Purge of No Value Coins Has Begun (Early May Update) appeared first on CaptainAltcoin.

2019-5-7 14:37