$82,490.00
9.97%$1,643.73
16.70%$2.03
16.39%$578.13
6.97%$117.52
14.49%$0.999888
-0.00%$0.158218
14.11%$0.238674
4.92%$0.622914
14.78%$1,642.49
15.20%$82,384.00
10.07%$9.38
4.07%$12.49
17.74%$3.12
6.49%$0.999872
-0.00%$18.28
15.87%$0.23813
10.00%$0.169961
17.95%$2.20
16.34%$1,971.08
15.29%$0.00001184
13.86%$6.77
10.84%$302.67
15.14%$75.69
12.53%$3.60
9.58%$4.33
11.64%$1.002
0.57%$0.999206
0.08%$1,646.05
17.95%$13.59
18.90%$0.598203
8.75%$28.06
2.07%$202.47
4.49%$1,750.57
15.03%$53.33
7.04%$5.32
14.43%$1.047
0.14%$0.00000687
16.92%$82,558.00
9.98%$4.70
10.95%$0.867432
25.52%$21.98
8.62%$2.07
12.10%$4.97
10.00%$29.98
4.24%$0.086943
11.63%$0.701887
7.82%$15.14
9.24%$1.00
0.00%$1.16
0.08%$142.54
17.21%$4.53
11.61%$228.92
19.56%$0.02214232
15.84%$0.997215
0.35%$0.068079
15.09%$82,287.00
9.94%$4.03
0.12%$3.35
21.89%$0.310469
16.29%$8.12
11.28%$0.185721
13.34%$2.45
11.48%$0.179742
19.21%$0.483048
25.41%$2.55
12.52%$0.289426
12.42%$82,363.00
9.79%$3.62
8.27%$10.29
14.11%$1,384.05
15.25%$4.48
13.27%$0.439224
19.61%$0.658404
14.81%$0.713017
10.98%$0.374772
17.06%$0.06639
6.41%$1.029
11.03%$0.999614
0.11%$1,646.83
16.07%$122.59
15.85%$66.46
12.44%$1,709.81
15.41%$0.60705
16.34%$0.01465339
31.24%$15.68
0.94%$0.701951
17.37%$1.001
0.17%$0.00001094
17.48%$0.999587
0.04%$0.329079
11.70%$1,858.41
17.27%$1.00
0.06%$0.998215
0.01%$7.93
16.52%$0.761875
51.98%$3,096.57
3.54%$0.760251
14.38%$0.07945
13.24%$0.154395
12.29%$0.415321
13.91%$3,103.25
3.60%$77,059.00
3.21%$578.91
7.75%$0.515975
16.81%$82,417.00
9.98%$0.732708
17.94%$1,744.42
15.93%$0.256167
13.25%$0.999397
0.34%$0.01414581
15.43%$0.596335
6.43%$0.102486
10.67%$0.16071
14.77%$0.0000006
8.10%$36.25
3.68%$28.50
12.12%$0.453843
17.59%$0.01150616
21.24%$1.90
16.79%$0.345932
13.02%$150.49
15.00%$1.70
10.52%$3.32
25.61%$0.999129
-0.16%$0.00005398
15.84%$1,712.90
17.12%$1.72
10.98%$0.496245
9.00%$2.75
18.59%$0.999098
0.32%$127.86
13.26%$0.999887
-0.06%$14.35
16.61%$0.436979
8.51%$80,863.00
11.09%$0.999887
-0.01%$0.066958
-1.79%$0.127153
14.86%$0.00479109
24.30%$0.473158
22.27%$1.11
0.05%$1.58
-3.41%$3.99
19.07%$0.00762791
27.97%$0.55847
11.57%$0.226964
13.30%$82,370.00
9.50%$82,565.00
10.10%$5.87
12.31%$0.00000041
3.14%$1.082
0.01%$0.158474
15.11%$110.63
0.01%$0.999907
0.11%$0.155404
0.10%$0.985148
0.84%$14.16
15.19%$0.999838
0.05%$0.136339
17.75%$1,744.35
16.78%$1.11
13.77%$0.01168479
42.93%$2.39
11.22%$1.82
29.86%$0.03915054
12.55%$0.00001871
13.45%$0.073747
17.09%$82,066.00
9.64%$0.368216
19.36%$22.33
-0.45%$1,641.59
15.90%$39.59
9.79%$0.57154
13.81%$77,106.00
0.00%$0.997914
-0.33%$0.17406
10.66%$5.28
12.85%$1,643.73
16.87%$0.07455
10.61%$0.00644296
17.80%$0.00000164
6.25%$0.418143
13.11%$1,644.09
15.61%$1,663.19
12.12%$0.779564
8.05%$0.185697
13.81%$0.998404
-0.01%$0.99972
0.05%$4.00
19.57%$0.00005784
12.16%$0.475282
12.41%$0.327048
12.86%$0.380224
27.18%$1,644.89
17.94%$0.00353142
11.57%$0.03002427
5.07%$1,660.80
13.94%$0.999038
0.02%$1.00
0.06%$2.55
16.12%$0.02838955
17.62%$0.00441316
17.68%$0.133201
8.28%$104.23
12.11%$82,222.00
9.41%$1,620.52
15.72%$3,090.32
3.71%$0.221191
16.31%$0.209205
12.64%$20.81
11.20%$1,643.32
15.19%$2.67
5.72%$1.061
14.82%$1.018
15.54%$82,339.00
10.82%$0.00041144
139.88%$0.43432
10.91%$0.489921
8.57%$0.544149
11.79%$0.242668
14.65%$0.99976
-0.03%$0.172201
14.46%$21.59
7.82%$0.02996554
15.67%$1,735.38
16.24%$0.03335408
14.45%$1,796.85
15.72%$1,656.47
9.92%$13.53
12.38%$0.648881
15.47%$18.29
15.89%$0.998098
0.04%$1,788.71
15.76%$0.094833
12.66%$0.884287
7.04%$0.635824
35.24%$12.77
-1.77%$0.504584
2.83%$0.466277
24.18%$3.27
66.69%$0.0106451
13.39%$1.00
0.01%$1,643.11
15.54%$82,371.00
11.04%$1.95
18.08%$2.59
6.00%$0.055264
16.49%Reading
Digital assets management firm Grayscale has increased the weighting of BitcoinBitcoin and EthereumEthereum in its Digital Large-Cap (DLC) investment fund—at the expense of other major altcoins.
Grayscale announced in a Twitter thread on July 12 that the composition of its DLC fund had shifted moving into Q2 of 2020. Between March and June, the percentage of Bitcoin in the fund increased from 81% to 81.5%, while Ethereum’s weighting in the fund increased from 9.6% to 11.7%.
The presence of three other major altcoins in the fund was reduced in the same time period. XRP’s (XRP) weighting dropped from 5% to 3.6%; Bitcoin Cash fell from 2.8% to 2%; and Litecoin’s presence decreased from 1.6% to 1.2%.
3/ Although no new assets qualified for inclusion following DLC Fund's Quarterly Review (6/30/20), the below table highlights how DLC Fund’s weightings have changed from March 31, 2020 to June 30, 2020: $BTC $ETH $XRP $BCH $LTC pic.twitter.com/1OyP0JJ4Rb
— Grayscale (@GrayscaleInvest) July 6, 2020
Grayscale’s single-asset investment funds for Bitcoin and Ethereum are the largest under the firm’s management, totalling $3.5 billion and $410 million respectively. Comparatively, the single-asset funds for Bitcoin Cash, Litecoin and XRP total less than $12 million between them.
The world’s largest crypto-investment firm signaled a renewed thirst for Bitcoin throughout most of 2020. Prior to the Bitcoin halving event, Grayscale was estimated to be purchasing the equivalent of around half of all Bitcoin mined. In the two weeks after Bitcoin’s halving, Grayscale’s rate of Bitcoin acquisition increased to 153% of all BTC mined in that period.
By early April, the digital asset investment firm was also shown to be purchasing the equivalent of half of all ETH mined in 2020, eventually coming to own 1.1% of Ethereum’s circulating supply.
Since Bitcoin’s block reward halving, digital asset manager Grayscale Investments has purchased more Bitcoin, on behalf of its institutional clients, than has been mined. The world’s largest digital assets manager continues to accelerate its rate of Bitcoin acquisition, regardless of what Goldman Sachs has to say about the matter. According to data supplied by independent researcher Kevin Rooke, Grayscale added 18,910 coins to its Bitcoin Trust in little over two weeks since the halving. Only 12...
It’s conceivable that Grayscale’s re-evaluation of its DLC fund is a reaction to market conditions. Since March 31, the global market dominance of Ethereum increased from 8.17%, to over 9.8% at time of writing. In the same time period, XRP’s market dominance fell from 4.21% to 3.28%. Bitcoin Cash’s dominance decreased from 2.27% to 1.6%. Likewise, Litecoin’s dominance dropped from 1.4% to 1.07%, according to CoinMarketCap.
The only exception to this trend is Bitcoin, the market dominance of which fell from 65.78% from March 31, to 62.46% at time of writing. This could be a result of the recent block reward halving, which resulted in half as many BTC being produced by Bitcoin miners.
The price of various crypto-linked stocks soared on Wednesday after U.S. President Donald Trump unveiled a 90-day pause on implementing most of his “reciprocal” tariffs. Strategy, Coinbase and major Bitcoin miners were well into positive territory as U.S. markets closed, reversing more than a week of steep losses. The president said over 180 countries would see temporary relief “effective immediately,” although Chinese goods would still be subject to stiff levies, raising the total rate on the...
After teasing a big announcement and an announcement of an announcement, Magic Eden has finally revealed the news: It’s pivoting into fungible token and meme coin trading across multiple chains. In a move signaling its growing ambitions beyond NFTs, Magic Eden revealed Wednesday that it will acquire Slingshot Finance, the mobile-first crypto trading application known for its cross-chain swaps and retail-friendly interface. The acquisition strategy positions Magic Eden as an alternative to tradit...
Ripple has acquired crypto-friendly prime brokerage Hidden Road for $1.25 billion, marking one of the largest deals in the crypto industry's history. The blockchain technology firm is aiming to use Hidden Road's platform to serve a wide range of institutional clients on a bigger scale, according to a company statement released on Tuesday. “We are at an inflection point for the next phase of digital asset adoption – the US market is effectively open for the first time due to the regulatory over...
