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Category: grayscale

Grayscale Tops Up Ethereum Investment To $10 Billion

Ethereum makes up a large part of crypto-asset manager Grayscale’s portfolio. In a recent report, it shows that Grayscale now has over 3 million ETH in its asset under management (AUM), amounting to more than $10 billion. This makes the asset manager one of the largest holders of Ethereum in the space. Related Reading | Crypto Market Goes Into “Extreme Greed,” What This Means For Bitcoin The asset manager had gradually increased its ETH holdings over time, adding almost 20,000 ETH to its portfolio back in February. The recent filings show that the New York-based asset manager has increased its crypto holdings since its last report, which has raised the value of the total assets under management from $33 billion to $41.4 billion. Ethereum Is Not The Only Interest The fund had started out providing a way for investors to invest in Bitcoin through the stock market. But over the years, Grayscale has added more crypto-assets to its offering to provide investors more exposure to the markets. Grayscale’s crypto management spans across a host of cryptocurrencies. Assets in its care range from Bitcoin to Ethereum, Litecoin, Ethereum Classic, and a host of others. Grayscale’s Ethereum Trust at almost $10 billion | Source: Grayscale on Twitter In addition to its $10 billion ETH and $29 billion BTC holdings, Grayscale also holds over $700 million worth of Ethereum Classic and over $300 million worth of Litecoin in its portfolio. The size of its assets under management puts Grayscale as the largest crypto asset manager in the world. Grayscale had also dived into the DeFi world back in July when it launched a new DeFi fund. The fund was the first of its kind in the firm’s history but would be the second diversified product fund. This fund was based on the Coindex DeFi Index. Highest Asset Under Management Although Ethereum makes up a big chunk of the asset manager’s portfolio, bitcoin remains top of the list. Grayscale’s Bitcoin holdings total over 640,000 coins, which puts the total value at almost $30 billion. Constituting the largest part of assets under management in the portfolio. The asset manager’s Ethereum holdings put ETH as the second-highest holding in its portfolio, following behind bitcoin. Related Reading | Here’s What Bitcoin Exchange Inventory Levels Means For The Bull Rally The trust has also benefitted from the current bull rally that has rocked the market. The price of Ethereum has grown tremendously in just the past three weeks along. Seeing the price of the digital asset come to rest firmly above $3,000, a price point it had not been able to break following the crash from the all-time high of the asset. The price of Ethereum at the time of this writing is trading above $3,200, with a 0.71% 24-hour price change. ETH price sitting above $3,200 | Source: ETHUSD on TradingView.com
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Is Grayscale Selling Bitcoin (BTC) FUD Over?

Grayscale Bitcoin Trust (GBTC) unlock has been the topic of discussion in the crypto sphere for the past couple of weeks as many expected the unlocking of shares after 6-months could have a bearish outcome on the Bitcoin price. However, contrary to mainstream belief BTC price has managed to escape any sell-off during the unlock

The post Is Grayscale Selling Bitcoin (BTC) FUD Over? appeared first on Coingape.

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Breaking: Grayscale Launches its First Defi Fund

Grayscale, the world’s largest crypto asset manager is expanding its crypto product offering with its new Defi Fund, the first of its kind from the firm. The crypto asset manager is well known for offering Bitcoin and other altcoins investment funds, but this would mark their first entry in the highly popular defi ecosystem. The

The post Breaking: Grayscale Launches its First Defi Fund appeared first on Coingape.

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Breaking: Grayscale Selects BNY Mellon as ETF Service Provider for Upcoming Bitcoin ETF

Grayscale, the world’s largest digital asset manager today announced BNY Mellon, the oldest custody bank as its ETF service partner when it would convert its popular institutional Bitcoin product GBTC into a Bitcoin ETF. BNY Mellon would act as the asset servicing provider that would offer fund accounting and administration for GBTC until it gets

The post Breaking: Grayscale Selects BNY Mellon as ETF Service Provider for Upcoming Bitcoin ETF appeared first on Coingape.

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Breaking: Grayscale’s $GDLC Fund is now an SEC Reporting Company

Grayscale’s Digital Large Cap Fund ($GDLC) has become an SEC reporting company making it more attractive for regulatory-focused institutional investors. Grayscale filed for the Registration Statement on Form 10 with the SEC to obtain the regulatory clearance. The digital asset management firm also revealed that they have filed three additional Registration Statements for its Bitcoin

The post Breaking: Grayscale’s $GDLC Fund is now an SEC Reporting Company appeared first on Coingape.

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Cardano (ADA) Becomes The Latest Addition To Grayscale Digital Large Cap Fund

Grayscale has just added Cardano to its Digital Large Cap Fund. The top asset management fund announced its quarterly rebalancing that brought up Cardano to be the third-largest holdings of the company. Welcome aboard, #Cardano. We have adjusted the portfolio of Grayscale Digital Large Cap Fund to now include $ADA. — Grayscale (@Grayscale) July 2, […]
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Just-In: Grayscale’s $GDLC Adds Cardano (ADA) With 3rd Largest Allocation

Grayscale, the largest crypto asset manager has added another altcoin to its popular Digital Large Cap Fund ($GDLC). Cardano (ADA) was included in the fund with the third-highest allocation of 4.36% after Bitcoin (67.47%) and Ether (25.39%). Grayscale Digital Large Cap Funds is a passive investment option that offers exposure to 70% of the digital

The post Just-In: Grayscale’s $GDLC Adds Cardano (ADA) With 3rd Largest Allocation appeared first on Coingape.

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Grayscale Bitcoin Trust Zero Inflow Suggest Institutions are Looking for Regulated Alternatives

Grayscale, the world’s leading crypto asset manager has seen zero inflow into its premiere Bitcoin product since late February when the premium turned negative. The Grayscale Bitcoin Trust (GBTC) was one of the most sought-after institutional Bitcoin investment products in absence of any better-regulated alternatives, and the high demand for these often led to a

The post Grayscale Bitcoin Trust Zero Inflow Suggest Institutions are Looking for Regulated Alternatives appeared first on Coingape.

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Grayscale Ethereum Trust (ETHE) Premium Sets All-Time-Low at -14.3%

Grayscale Ethereum Trust (ETHE), the institutional crypto investment fund for the second-largest cryptocurrency registered a negative 14.3% premium reaching its lowest since listing. Grayscale being the world’s largest crypto asset manager offers a range of crypto-based trust funds to invest, in absence of a regulated ETF in the United States. These private investment funds have

The post Grayscale Ethereum Trust (ETHE) Premium Sets All-Time-Low at -14.3% appeared first on Coingape.

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Just-In: Grayscale Partners With New York Giants to Become First Crypto Company to Sponsor a Major NFL Team

Grayscale Investments, a popular crypto asset management firm has become the first crypto company to partner with an NFL team in the form of New York Giants. The partnerships come amid the growing popularity of crypto assets as well as crypto companies this bull season. Grayscale CEO, Michael Sonnenshein “Our partnership with the Giants is

The post Just-In: Grayscale Partners With New York Giants to Become First Crypto Company to Sponsor a Major NFL Team appeared first on Coingape.

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