$83,240.00
-0.68%$1,841.64
-2.18%$2.18
2.28%$606.54
-0.37%$125.71
-0.79%$0.999997
0.01%$0.170844
-2.44%$0.682263
-0.52%$0.231751
-1.06%$1,839.35
-2.28%$83,027.00
-0.80%$3.86
3.67%$9.64
-0.99%$13.70
-1.92%$0.270107
0.53%$19.50
-2.43%$2,208.28
-2.03%$0.999378
-0.10%$2.41
-1.57%$0.00001269
-1.64%$0.172427
-1.66%$86.31
-0.14%$6.38
2.51%$4.13
-0.62%$307.34
-0.14%$4.67
0.08%$0.786762
-5.31%$1,841.38
-2.20%$1.00
0.07%$0.99974
-0.12%$12.64
-1.18%$1,958.09
-2.17%$28.36
-0.79%$216.97
-0.24%$6.01
-2.24%$5.31
-3.33%$2.65
-1.13%$0.00000719
-5.25%$1.046
0.14%$48.64
-0.67%$0.104606
3.15%$35.02
-2.81%$22.62
-0.78%$0.80693
-1.13%$83,161.00
-0.81%$5.42
-1.31%$0.999107
0.01%$0.806442
-0.67%$16.79
-0.99%$165.73
-7.46%$1.16
0.08%$10.29
0.70%$0.02330301
-0.06%$231.30
-2.13%$1.00
0.00%$3.33
0.17%$4.34
-3.13%$0.361426
-4.46%$3.53
-3.04%$2.77
-0.75%$0.205526
-0.06%$82,724.00
-0.77%$4.02
-0.08%$0.066179
1.04%$0.18559
-1.45%$0.492802
-3.22%$0.335477
-0.61%$5.39
1.66%$11.10
-0.31%$0.486422
1.45%$83,051.00
-0.66%$0.476754
-3.76%$0.76196
-4.87%$1,913.95
-2.21%$1,840.94
-2.15%$0.454411
-4.23%$1,307.41
-8.23%$1.082
-1.29%$0.067834
-2.02%$130.94
-1.00%$70.45
1.56%$17.56
-3.98%$0.55755
-3.21%$0.999545
0.00%$0.79494
-2.11%$0.624203
-1.98%$2,081.68
-2.29%$0.997819
0.02%$0.00001154
-2.31%$0.583894
4.27%$0.181373
-2.55%$0.090948
-1.67%$8.85
-2.13%$0.839367
-2.73%$0.0134005
1.49%$1.001
-0.08%$0.999686
-0.02%$1.00
0.01%$7.42
-6.13%$82,673.00
-0.64%$0.870807
-2.85%$3,109.14
0.07%$0.999965
-0.04%$1,951.32
-2.10%$606.03
-0.36%$0.01570248
-0.79%$0.660377
-0.77%$2.19
1.71%$3,117.06
0.73%$83,076.00
-0.76%$0.00000068
-0.83%$0.273822
-0.51%$0.174893
-1.36%$32.27
-0.71%$0.479808
-0.70%$0.999794
-0.00%$0.105099
1.20%$160.54
-0.86%$0.386764
0.09%$2.01
-0.12%$36.32
-0.76%$3.21
5.54%$0.00005931
-2.11%$1,918.30
-2.21%$7.49
-4.54%$0.01123417
-0.83%$0.147797
-0.42%$0.426749
-2.06%$137.60
-0.90%$15.94
-2.07%$0.9985
-0.13%$0.075941
0.55%$1.74
-1.57%$0.504397
24.72%$0.650631
-3.55%$0.998137
0.06%$1.77
3.61%$1.00
0.04%$2.95
-1.52%$0.00510863
-0.08%$1.00
-0.02%$0.42813
0.16%$0.248139
-0.50%$79,839.00
-2.13%$16.43
-1.21%$27.96
0.34%$6.47
-0.05%$0.716155
-0.56%$1,953.04
-2.17%$0.438963
-1.97%$0.170525
-2.46%$0.00000043
-0.84%$0.42651
-2.07%$82,973.00
-0.85%$1,840.80
-2.24%$0.151596
-0.85%$6.33
-5.94%$82,823.00
-1.83%$2.55
-1.52%$0.440672
-9.82%$0.081325
-1.84%$1.082
-0.04%$1.001
0.15%$0.04258954
0.80%$1,840.93
-2.22%$0.618932
-1.47%$1.14
-0.07%$0.00002017
0.09%$1,840.54
-2.17%$110.49
0.00%$1.10
-0.87%$0.00746049
-0.12%$0.477977
-2.22%$0.475009
-3.25%$0.00605911
-0.80%$1,920.80
-2.22%$82,885.00
-0.97%$0.0065171
-3.49%$0.875417
1.27%$0.20539
-0.22%$0.378697
1.13%$39.28
-2.37%$0.99938
0.03%$1.00
0.01%$1.001
0.19%$0.170464
0.94%$0.00401026
-3.43%$82,629.00
-0.63%$0.01012314
5.33%$1,839.01
-2.24%$0.00006043
0.25%$1,824.35
-3.41%$0.00000159
-4.36%$1.00
-0.20%$120.03
-3.08%$2.79
3.50%$0.03111113
-0.56%$0.03074454
-4.14%$0.24779
-1.31%$1.28
-5.58%$1.22
-3.91%$0.545288
2.79%$1.43
1.25%$3.78
-0.78%$0.254944
-2.55%$1,822.59
-2.29%$0.656956
-3.28%$1,840.77
-2.16%$0.00046388
164.24%$2.88
-1.53%$82,955.00
-0.84%$21.91
-1.15%$0.782901
-2.05%$0.19207
-1.72%$81,087.00
-2.24%$16.07
-1.27%$0.262068
0.45%$1,945.28
-2.20%$2,012.46
-2.19%$1.078
-2.76%$3,083.72
0.02%$0.00281136
17.07%$0.085478
-5.60%$0.495476
1.85%$0.067243
-2.64%$0.03585663
-1.09%$0.03119236
-1.07%$0.107316
-0.02%$1,999.36
-2.25%$0.00325177
-0.35%$0.999601
0.02%$0.00235309
0.58%$0.116356
-0.93%$0.519422
-5.93%$0.03051908
-1.74%$1,839.70
-2.22%$1,670.16
-0.75%$0.946846
-1.61%$0.00491316
-0.54%$0.01139904
-0.30%$0.530694
-0.52%$20.13
-0.14%$0.304754
0.53%$0.650362
-3.37%$2.17
3.46%$2.18
0.08%$0.214157
3.02%$0.999793
0.02%Reading
Grayscale, a digital assets management company, this week bought another 15,114 Bitcoin ($241 million), bringing the total number of Bitcoin the company owns to 506,000, or $8.1 billion. The company now manages a total of $10 billion worth of cryptocurrency.
Grayscale is among the biggest purchasers of Bitcoin. Its total investments comprise 2.29% of Bitcoin’s entire market cap.
Michael Sonnehnshein, Managing Director of Grayscale, declared this week the largest capital raise week “EVER,” after the firm raised $262 million. He said that on Thursday the company “raked in over $115 million in Bitcoin alone.”
The company runs various trusts, pools of private investors’ money that Grayscale uses to buy up cryptocurrencies. Shares in the trust trade publicly; their prices roughly track the price of the cryptocurrencies. Its Bitcoin trust is the largest.
The fees of the trusts are high, and shares generally reflect an over-priced purchase of Bitcoin, but they make sense for people who want to trade crypto on the stock market—for some, it’s the only way to get exposure to cryptocurrencies from tax-efficient accounts.
Grayscale Bitcoin Trust (GBTC), which was created in 2013, is the company’s biggest trust. Total value of assets managed by Grayscale Bitcoin Trust (GBTC) now exceeds $8.2 billion.
11/13/20 UPDATE: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products.
Total AUM: $9.8 billion$BTC $BCH $ETH $ETC $ZEN $LTC $XLM $XRP $ZEC pic.twitter.com/yiS4Nmv105
— Grayscale (@Grayscale) November 13, 2020
The Grayscale Bitcoin Trust holds 481,711 Bitcoin, which corresponds to 62% of the 814,359 Bitcoins in the ownership of publicly-traded companies, according to data from Bitcointreasuries.org.
The price of Bitcoin is $15,911, as of this writing. It has decreased by 1.54% in the past 24 hours.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
Elon Musk’s favorite cryptocurrency made a comeback at the end of last year as retail investors flooded back into the market to snap up Dogecoin. The coin was launched as a joke in 2013, but has persisted over the years and remained prominent. But just how serious is the business of mining the O.G. meme coin? People are actively buying the machines to do so, according to vendors at this year’s Mining Disrupt conference in Fort Lauderdale, Florida. Though the conference was heavily focused on th...
Banks can engage in cryptocurrency and other legally permitted activities without seeking prior regulatory approval, so long as they manage risks appropriately, The Federal Deposit Insurance Corporation announced Friday. The policy change rescinds a 2022 requirement that mandated FDIC-supervised institutions notify the agency before engaging in crypto-related activities. Under the new guidance, banks can offer services involving digital assets without the agency's advance permission. "With today...
The NASDAQ exchange has applied to the U.S. Securities and Exchange Commission to list shares of an Avalanche exchange-traded fund issued by crypto asset manager Grayscale. The 19b-4 form for Grayscale's AVAX ETF follows its registration as a Delaware Trust entity more than two weeks ago. If approved, the AVAX ETF would use Coinbase Custody as its custodian, the 19b-4 shows. The issuer must still file an S-1 registration statement describing the product, however. AVAX, the utility token of L...
