$100,772.00
5.02%$3,822.17
6.92%$2.38
5.59%$227.34
6.54%$717.16
8.06%$0.410494
8.41%$1.00
0.20%$1.087
10.94%$3,820.30
6.76%$0.283539
7.83%$49.00
13.51%$0.00002883
10.13%$6.43
11.28%$4,539.82
6.08%$24.21
13.51%$4.71
31.27%$9.03
11.76%$100,518.00
4.84%$0.431682
5.67%$0.292358
6.51%$546.19
7.83%$3,826.48
6.91%$0.00002478
14.08%$17.08
15.06%$117.70
10.28%$9.50
0.36%$6.88
11.16%$13.58
20.97%$4,028.60
6.87%$13.11
14.67%$1.002
0.08%$0.634613
13.91%$15.92
17.77%$0.997972
-0.16%$33.75
16.44%$9.61
13.75%$0.182505
9.45%$1.83
11.91%$0.058876
10.43%$617.54
11.77%$303.15
15.17%$1.33
13.88%$3.18
16.34%$0.163534
7.23%$1.004
11.58%$6.73
12.39%$4.24
8.77%$204.43
15.34%$0.448298
10.68%$2.40
14.01%$25.00
0.99%$1.26
13.05%$8.79
14.37%$55.07
6.28%$7.36
14.03%$1.89
13.00%$1.056
20.83%$3.06
10.43%$0.00003932
14.41%$2.35
10.10%$29.10
10.34%$0.288848
14.12%$1.81
11.67%$2.59
12.24%$4.54
23.37%$0.621838
16.80%$3.14
15.04%$0.0002437
12.52%$3,826.63
7.20%$0.052681
19.04%$6.34
7.93%$0.04371263
13.26%$141.91
6.73%$0.03848063
19.36%$100,792.00
4.85%$4,293.04
6.97%$0.779488
16.62%$3,939.08
6.20%$1.84
20.33%$0.182376
13.99%$4,015.77
7.48%$1.001
0.49%$1.93
8.98%$1,888.35
9.87%$1.095
9.73%$0.0295524
5.96%$0.444715
12.83%$13.38
6.76%$0.711421
0.93%$5.51
13.81%$0.271013
10.79%$12.47
7.37%$2.18
19.99%$23.62
11.56%$3,932.93
6.62%$1.14
12.06%$2.14
13.84%$0.978541
12.23%$1.48
7.82%$0.658366
11.38%$100,597.00
4.88%$0.142027
-5.55%$0.398651
12.56%$8.09
2.81%$17.52
6.54%$3.23
0.99%$1.092
9.21%$100,938.00
5.48%$0.089078
-2.24%$67.03
8.64%$39.59
17.24%$1.16
9.54%$47.13
10.76%$0.00000135
12.14%$18.43
13.84%$1.29
28.38%$0.00000323
2.50%$282.75
6.50%$0.634949
13.76%$7.98
12.09%$1.25
9.87%$0.654853
13.53%$1.29
10.94%$231.91
6.70%$1.54
10.69%$0.118961
21.04%$3,829.09
7.13%$4,012.21
7.42%$3.97
11.94%$5.02
19.46%$100,344.00
5.04%$0.214602
12.05%$3.52
10.12%$6.14
8.56%$4.06
12.53%$63.39
11.74%$2.93
12.07%$0.806713
11.43%$1.49
5.00%$2.14
14.07%$0.345274
14.88%$2.10
12.69%$0.00942684
15.36%$241.73
6.23%$103.99
12.60%$100,592.00
5.28%$0.00004499
12.23%$0.01288979
26.39%$0.00000001
14.15%$3,823.85
7.08%$0.23864
13.24%$0.00845997
17.24%$3,825.28
7.22%$0.412529
9.13%$0.758328
37.26%$15.82
15.35%$0.931083
14.39%$2.17
13.99%$1.001
0.04%$0.01475712
10.56%$0.116077
12.60%$0.00964371
5.66%$0.00866536
17.32%$0.37178
15.73%$3.14
14.45%$6.86
16.57%$36.42
12.24%$1.00
0.00%$0.00013378
11.18%$0.00175286
17.47%$0.711883
9.53%$276.28
8.01%$0.76248
12.76%$4,146.41
6.66%$0.49067
17.84%$5.16
-25.07%$2,724.47
0.82%$0.668484
22.35%$1.29
9.40%$101,143.00
6.24%$0.01435399
10.56%$0.067704
9.79%$3,823.58
6.67%$0.996378
0.36%$2.03
11.57%$0.582649
12.35%$17.21
15.40%$38.46
11.45%$0.00864848
12.50%$1.44
19.52%$5.89
15.24%$0.0000006
6.83%$0.00329364
13.62%$48.36
9.31%$3,825.66
6.81%$1.36
9.58%$0.075761
12.91%$100,690.00
4.66%$0.298678
10.58%$3,829.06
6.81%$2.64
14.17%$0.080736
13.38%$0.02828463
10.73%$0.00695846
6.80%$9.46
1.81%$0.99988
0.13%$0.303123
13.96%$0.077949
5.76%$2,705.36
0.79%$0.627962
17.62%$0.201317
10.80%$0.522534
27.81%$4.17
26.53%$0.00000417
8.85%$0.0069069
4.26%$0.54095
20.51%$0.00000024
10.41%$100,636.00
4.89%$1.02
1.52%$6.13
5.13%$4,112.77
7.09%$0.882449
9.96%$3,949.69
5.30%$27.89
13.13%$0.04761296
14.99%$0.01431383
10.83%$0.04963316
11.96%$0.670076
9.82%$1.15
9.39%$6.02
3.40%$57.61
12.57%$1.66
-4.81%$0.508719
13.70%$1.099
11.08%$4.20
12.96%$2.04
10.55%$0.085062
18.02%$0.04456806
7.49%$1.47
12.64%$3,827.91
7.35%$4.16
11.67%$2.26
15.58%$0.03533374
7.56%$1.046
-1.34%$0.433777
11.11%$0.290228
12.11%$4,224.16
6.71%$0.745801
14.63%
Over the past week, digital asset management firm Grayscale Investments has increased its reserves by 17,100 Bitcoin (BTC), according to its website and crypto analytics platform bybt.com. That’s an increase of $186.5 million.
As a result, the GBTC Bitcoin trust, which was created in 2013, now amounts to nearly 450,000 BTC—or $4.7 billion. This corresponds to 2.5% of the amount of Bitcoin in circulation.
This doesn’t necessarily mean Grayscale is buying this Bitcoin directly. It can either purchase Bitcoin on behalf of clients, or it can issue shares in exchange for Bitcoin. In the latter case, it wouldn’t be sucking up any of the available supply and wouldn’t be affecting its price.
The increase in Grayscale’s reserves comes amid a pullback in the price of Bitcoin. Earlier this month, the first cryptocurrency made another unsuccessful attempt to gain a foothold above $12,000 and has been trading mostly above $10,000 since then.
While the Bitcoin fund constitutes the lion’s share of Grayscale’s funds, the company now has around $5.8 billion worth of assets under its management in total, according to its latest report.
09/25/20 UPDATE: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products.
Total AUM: $5.8 billion$BTC $BCH $ETH $ETC $ZEN $LTC $XLM $XRP $ZEC pic.twitter.com/FtGxWWnKhE
— Grayscale (@Grayscale) September 25, 2020
As Decrypt reported, Grayscale received over $217 million worth of digital asset trust investments in a single week after launching a TV ad campaign—which didn’t even mention Bitcoin.
In early September, the firm also published a report for investors that suggested that today’s market is “reminiscent of early 2016, the period that preceded Bitcoin’s historic bull run.” If history does repeat itself, Grayscale is in the right position.
