$117,821.00
-0.23%$2,948.32
-0.91%$2.78
-1.26%$688.79
-0.59%$161.99
-0.42%$0.99989
-0.00%$0.197181
-2.42%$0.30175
-1.09%$2,947.26
-0.89%$0.731682
0.40%$47.77
1.45%$117,662.00
-0.21%$0.435163
8.53%$3,558.52
-0.75%$3.42
-1.21%$15.30
-0.48%$504.01
-3.30%$0.225025
9.67%$21.22
1.52%$9.03
-0.52%$3,159.45
-0.83%$0.00001313
-2.45%$3.00
-0.17%$2,950.47
-0.81%$0.999806
0.01%$94.24
0.65%$46.16
-1.13%$1.00
0.06%$335.02
0.78%$3.96
-1.36%$117,857.00
-0.22%$1.00
-0.08%$4.37
-1.37%$0.00001217
-2.43%$8.40
-1.25%$303.93
-0.80%$387.52
-1.53%$0.464434
-1.71%$0.10438
-0.59%$4.93
0.72%$1.18
0.01%$2.50
-1.09%$48.80
0.52%$5.39
0.10%$196.77
-0.61%$1.00
0.00%$0.891203
-0.64%$18.20
-1.48%$1.059
0.00%$0.666565
4.45%$0.084409
-2.17%$0.999581
-0.04%$4.63
-1.54%$0.329536
-2.55%$0.02421198
-1.59%$0.230094
-2.39%$0.237082
5.33%$0.409104
0.91%$4.48
0.63%$9.67
-2.04%$0.00002478
12.47%$3.69
0.12%$15.90
-1.69%$0.707231
0.06%$2,949.06
-0.80%$0.321579
-2.87%$1.033
-0.20%$2.55
-1.35%$117,794.00
-0.07%$0.077723
-1.76%$112.89
-2.53%$0.02487088
9.13%$4.72
-0.30%$171.80
-0.62%$0.487704
0.44%$0.999761
-0.03%$0.998285
-0.13%$11.39
-0.70%$3,092.08
-0.88%$3,362.85
-0.78%$1.49
-7.30%$1.00
-0.02%$1.86
-1.95%$1.28
-0.47%$4.26
-3.47%$1.23
-2.22%$12.40
-3.06%$0.01691386
-0.01%$0.07253
0.90%$0.764035
1.43%$0.650898
-0.85%$0.350739
-3.13%$3,153.89
-0.81%$1.70
-4.24%$3,100.02
-0.87%$117,929.00
0.06%$1.00
-0.01%$0.999863
0.03%$0.533196
4.56%$3,105.27
-0.88%$0.097846
0.07%$0.957479
-1.42%$117,598.00
-0.17%$1.11
0.05%$11.75
-4.70%$3,349.87
0.19%$0.590882
-17.06%$0.00009587
-1.42%$688.67
-0.60%$0.155993
-2.21%$118,010.00
0.49%$3,184.38
-0.98%$0.999423
-0.01%$0.634938
-0.30%$0.537144
-0.92%$181.78
-0.70%$3,351.58
0.11%$2.37
-5.60%$211.51
-0.66%$0.801208
-0.13%$0.202836
5.56%$0.0168777
-1.85%$2.74
0.61%$0.816241
-2.21%$10.74
0.00%$0.01495646
1.56%$21.75
-1.32%$0.293698
0.83%$111.77
0.00%$42.55
0.01%$0.119094
1.22%$0.997871
0.00%$0.00000068
-1.67%$1.92
-2.40%$0.0000017
0.66%$0.25274
0.20%$0.631127
0.72%$2,947.96
-0.89%$0.775942
-0.56%$47.85
1.57%$3,153.14
-0.79%$3.90
-1.69%$1.092
-0.21%$117,074.00
0.22%$117,702.00
-0.18%$3,061.36
-0.84%$2,948.09
-0.90%$0.382362
-0.84%$0.313198
0.12%$0.999881
0.10%$0.00879674
-2.51%$0.997823
0.00%$0.01654904
-3.69%$3.07
-1.20%$1.74
3.33%$118,038.00
0.01%$0.39696
-1.49%$47.82
1.50%$0.538245
-3.07%$0.053981
-5.91%$1.50
-1.18%$0.488938
-2.84%$0.52511
-0.99%$0.653394
-1.95%$26.13
-1.57%$0.999747
-0.03%$1.00
-0.00%$0.100138
1.81%$2,950.50
-0.83%$0.197328
-2.13%$0.998974
-0.02%$0.136825
-3.62%$0.349671
24.61%$0.22312
0.74%$0.00786925
-0.88%$0.425001
0.07%$3,134.75
-0.98%$0.60125
-1.30%$0.063195
2.06%$0.999901
-0.00%$0.00448205
-1.85%$0.00000045
-1.14%$15.51
0.98%$46.57
-1.54%$6.19
-2.06%$0.365992
1.49%$7.59
0.48%$3,253.56
-0.93%$1.13
-0.66%$6.41
0.75%$0.00002103
-0.93%$0.166878
-1.47%$0.00450611
2.73%$1.32
-1.70%$2.48
-1.00%$1.094
-0.00%$0.9991
-0.18%$117,313.00
-0.45%$0.054799
-2.47%$0.150704
-1.59%$3,229.39
-0.82%$0.997597
-0.52%$0.040219
-1.09%$0.53776
-0.19%$2,945.59
-0.87%$0.999999
-0.01%$1.53
-3.30%$2,948.16
-0.95%$1.34
3.50%$0.078344
0.95%$0.03648478
-1.34%$0.0186517
0.25%$2,943.71
-0.94%$117,495.00
-0.25%$0.35309
-0.49%$0.00671669
-2.11%$1.00
0.00%$0.358437
-2.06%$176.81
-0.67%$0.763112
3.93%$20.92
0.27%$0.519079
-1.13%$0.00006197
-1.95%$0.230571
-2.12%$127.11
-0.81%$11.37
0.37%$25.90
1.85%$0.824028
-0.05%$3,560.37
-0.83%$1.11
-3.52%$0.00373591
-2.00%$0.99933
-0.01%$0.752742
-0.81%$21.31
1.98%$0.680572
0.87%$0.998849
-0.07%$0.999306
-0.01%$0.02915597
-1.35%$0.998869
-0.27%$117,976.00
0.24%$2,365.74
-0.25%$0.00421848
0.20%$1.02
-0.02%$0.477138
1.85%$0.085351
12.50%$17.00
-0.68%$3,089.11
-0.69%$0.281834
-6.29%Reading
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.
Grayscale has challenged the U.S. Security and Exchange Commission’s move to pause the debut of its exchange-traded fund that holds Bitcoin, Ethereum, Solana, XRP, and Cardano, alleging its investors are “suffering harm” as a result of the hold-up. In a letter dated July 8, the asset manager urged the Securities Commission to allow its Digital Large Cap Fund to begin trading. Grayscale added that it may file a petition to force the regulator to allow its fund to begin trading as soon as possib...
SharpLink Gaming shares rose on Friday after the largest publicly traded Ethereum treasury firm said that it had acquired $30 million worth of Ethereum from the Ethereum Foundation. SharpLink’s stock was changing hands around $20 per share, a 71% gain over the past week, according to Yahoo Finance. The performance coincides with Ethereum’s climb above $3,000 for the first time in five months, a 17% gain, according to crypto data provider CoinGecko. The non-profit organization that funds research...
Stablecoin platform Agora has raised $50 million in a Series A round led by Paradigm, with additional backing from Dragonfly Capital, as it seeks to capitalize on growing interest in the potentially lucrative sector. The funding will support the expansion of Agora’s all-in-one system for issuing and managing stablecoins, as well as the introduction of its new white-labeled stablecoin product, the company announced Thursday. The raise comes as the U.S. Congress is considering stablecoin legislati...
