After the Grayscale Digital Large Cap Fund liquidated its investment in the Avalanche network on Thursday, the AVAX token dropped by around 3% on Friday. On Friday morning, Grayscale filed a notice with the SEC detailing the rebalancing, explaining that it had “adjusted the fund’s portfolio by selling Avalanche (“AVAX”)
Valkyrie Investments, the largest fund in the cryptocurrency industry, stated on December 28 that it had proposed to become the “sponsor and manager” of Grayscale’s Bitcoin (GBTC). Grayscale BTC is one of the biggest Bitcoin investment funds, which is now valued at 643,572 BTC ($10.6 billion). However, Grayscale’s Bitcoin Trust
Following the demise of crypto behemoth FTX, CZ has prompted a flurry of reserve audits at cryptocurrency exchanges. Proof-Of-Reserves was first proposed by Binance’s CEO. Grayscale, a digital asset investing business, has refused to provide its on-chain proof of reserves, citing security concerns. On Friday afternoon, Grayscale sent an announcement
A little over a week after hitting its previous record low discount to the price of Bitcoin. Grayscale’s Bitcoin Trust (GBTC) struck a new one. YCharts data shows that as of Friday morning, the Bitcoin-tracking investment vehicle was trading at a discount of 42.69%. Introduced in September 2013, GBTC is
Coinbase submitted an amicus curiae brief with the U.S. Court. The federal regulator had rejected Grayscale’s application for a Bitcoin ETF. Coinbase, the biggest cryptocurrency exchange in the United States, is supporting Grayscale, the largest Bitcoin fund, in its lawsuit against the Securities and Exchange Commission (SEC). Since the federal
Grayscale’s website states that GBTC has $11.9 billion in assets under management. GBTC has always traded at a significant premium over spot Bitcoin pricing. Shares of the Grayscale Bitcoin Trust (GBTC), the biggest Bitcoin fund in the market, reached a record discount of 35.18% last Friday and showed little sign
CoinDesk’s Large Cap Select Index methodology is used to rebalance its funds. Ethereum, Bitcoin’s longtime adversary, comes in second place with 25.22 percent. Grayscale Investments, the world’s biggest digital currency asset manager, has released its newest funds for the second quarter of 2022. All of the group’s products and services
On Wednesday, the U.S. Securities and Exchange Commission (SEC) refused Grayscale’s, one of the world’s largest digital asset managers, application to convert its Grayscale Bitcoin Trust (GBTC) vehicle to a spot bitcoin exchange-traded fund (ETF) on the NYSE Arca exchange. Grayscale responded by filing a lawsuit against the decision and
Robinhood crypto trading revenues fell by 39 percent in the first quarter. Over $329 million was invested in Grayscale’s Ethereum Trust. For a long time, Robinhood’s cryptocurrency trading app only featured a limited number of coins. Now, two equity products linked to the price of crypto are accessible on the
In accordance with the 1933 Act, Valkyrie is said to have submitted this application. Michael Sonnenshein was certain that he would get a green light this time. Despite displaying some acceptance of cryptocurrencies, authorities have yet to warm up to the items that surround these digital currencies. For a long
