$87,381.00
-0.14%$2,025.38
-1.72%$2.37
-3.67%$627.03
-0.73%$138.81
-2.91%$0.999873
-0.00%$0.196836
2.17%$0.737403
-1.51%$0.232216
1.44%$2,022.23
-1.69%$87,219.00
-0.12%$15.57
-0.34%$3.79
4.57%$22.02
-2.73%$9.78
0.09%$0.292204
-2.02%$2,429.94
-1.22%$2.68
6.97%$0.00001441
-2.86%$1.00
0.05%$0.194821
-0.25%$4.70
1.27%$93.72
-0.81%$338.44
1.46%$6.64
-1.04%$5.06
0.99%$2,022.81
-1.93%$0.82415
-1.25%$0.998876
-0.10%$1.00
0.06%$14.43
-7.66%$2,151.18
-1.66%$29.07
-0.48%$223.72
-0.20%$6.80
-2.33%$6.02
2.07%$3.03
0.34%$0.00000856
3.07%$1.045
-0.01%$50.17
-0.88%$6.12
-1.74%$23.75
-1.05%$0.91946
-2.14%$36.09
2.54%$1.16
-0.04%$0.844328
0.03%$87,355.00
-0.14%$0.101214
-2.99%$183.64
-0.45%$18.22
-0.81%$0.996994
-0.25%$11.63
0.50%$0.432087
3.64%$0.02652292
-1.34%$265.27
-1.67%$4.90
2.32%$3.68
1.23%$0.240376
0.78%$3.98
-2.50%$3.07
-2.28%$0.076243
-1.58%$0.617653
0.40%$1.00
0.00%$87,818.00
0.56%$0.212609
0.70%$0.38836
-1.43%$4.02
-0.22%$0.998958
-0.10%$0.55098
-1.38%$5.80
-8.46%$0.914231
0.72%$0.557416
-0.94%$11.32
0.38%$87,176.00
0.01%$1,460.73
11.39%$2,028.05
-1.48%$0.499587
-10.61%$2,105.43
-1.63%$0.659341
-3.06%$1.17
1.16%$0.961112
1.69%$0.747683
2.25%$77.47
-1.77%$0.0713
-2.60%$145.05
-2.63%$0.00001407
-1.49%$0.212271
-0.42%$1.001
-0.01%$10.57
-1.26%$17.93
3.32%$0.107075
1.69%$1.015
1.29%$2,293.24
-1.70%$0.997655
-0.02%$1.053
-0.52%$0.01469098
-0.58%$0.584027
0.58%$8.14
3.09%$86,903.00
0.48%$0.01881633
0.97%$0.999894
-0.00%$2,148.90
-1.63%$627.25
-0.55%$0.314699
0.99%$0.999929
-0.03%$0.586342
9.04%$0.736008
1.43%$0.999916
0.03%$3,036.46
0.18%$2.39
-1.50%$0.200122
-1.84%$0.00000072
-0.46%$35.61
0.60%$87,045.00
-0.33%$0.00007163
4.36%$2.34
-5.60%$177.63
-2.84%$0.428134
-0.40%$3,040.76
0.59%$0.111094
0.66%$0.173033
-0.41%$0.01292854
2.03%$1.001
-0.03%$2,105.38
-1.88%$38.84
5.74%$0.00105296
9.93%$3.36
-0.01%$18.11
-0.06%$2.04
0.78%$152.09
-2.88%$0.764308
1.02%$8.21
3.56%$0.571187
-1.78%$0.601972
-4.47%$0.0060862
-5.59%$3.46
-2.67%$0.551343
-0.40%$0.999235
-0.05%$7.76
-1.95%$19.19
-1.61%$0.28569
0.19%$0.999606
-0.00%$0.0099417
8.19%$0.476019
-3.37%$0.073916
0.03%$0.196945
2.29%$85,990.00
1.08%$87,252.00
-0.24%$0.998443
-0.20%$7.55
1.28%$0.759363
-5.73%$0.179345
-0.01%$0.794391
-1.29%$2,149.40
-1.78%$2.97
3.42%$0.094822
0.34%$0.999704
-0.02%$2,022.69
-1.86%$0.04845223
-0.33%$0.00002283
-1.05%$1.29
2.84%$0.565789
-0.63%$0.445436
-1.71%$0.00698453
-2.37%$2,026.47
-1.64%$0.00778643
-3.02%$87,298.00
-1.11%$0.00000044
1.00%$1.55
-3.48%$2,022.87
-1.87%$25.66
-1.98%$0.520632
-2.20%$0.240133
0.54%$110.46
0.01%$1.081
0.08%$45.40
2.07%$0.999516
-0.05%$0.431207
-1.65%$0.937344
1.98%$1.096
0.48%$87,063.00
-0.20%$2,109.74
-1.87%$0.03851257
0.58%$0.184071
-5.35%$0.00006711
0.92%$2,021.83
-1.42%$0.00000178
-11.31%$1.53
6.34%$0.01098069
-0.91%$2,018.49
-2.77%$0.00421738
-0.58%$3.19
7.32%$86,853.00
0.02%$0.999064
-0.02%$1.40
-0.42%$0.282395
-0.26%$130.99
-0.37%$0.999729
-0.01%$0.998796
0.10%$0.283923
-0.66%$1.003
0.00%$2,005.93
-1.86%$4.03
-2.03%$0.920765
0.24%$1.29
-3.27%$0.03126995
1.22%$2,026.11
-1.69%$0.706518
8.60%$0.104684
4.95%$18.38
0.79%$0.216128
-0.61%$24.32
0.23%$1.40
-1.85%$1.20
-0.04%$0.079174
-2.03%$87,704.00
0.33%$0.289674
-0.91%$2,213.67
-1.84%$0.522591
12.62%$2,137.65
-1.76%$2.99
-2.25%$0.38247
14.37%$87,287.00
-0.14%$0.00273269
0.34%$0.04061339
0.43%$0.03520314
-2.14%$0.00372944
1.14%$0.608752
3.51%$0.118959
0.01%$0.130272
0.94%$2,193.77
-2.10%$1.00
-0.07%$0.52936
-0.27%$0.263488
-9.05%$0.0056851
2.51%$0.0341952
-1.29%$0.764113
1.16%$2,030.94
-1.28%$0.01297001
-1.58%$3,035.99
0.57%$0.00277179
-2.68%$0.00278927
10.66%$0.245133
-9.20%$1,754.98
-0.12%$0.624944
-2.10%$0.244739
-0.54%$0.27887
-0.52%$2.23
-0.01%Reading
Institutional cryptocurrency fund Grayscale is making nine key hires for roles focused on exchange-traded funds (ETF), job listings on its careers page reveal.
“Grayscale Investments is seeking a Specialist to support the creation and redemption process of Grayscale’s exchange-traded fund (ETF) products as well as business expansion plans,” reads one such listing.
Thinking about a career in #crypto?! We're hiring!https://t.co/j9VVt7x5FZ
— Grayscale (@Grayscale) March 9, 2021
Grayscale’s “Trust” products (modeled after ETFs) are wildly popular and manage over $42.1 billion across large-cap cryptocurrencies including Bitcoin and Ethereum. These products hold a small amount of spot crypto per share sold to investors and can be either subscribed to or purchased on the open market.
03/09/21 UPDATE: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products.
Total AUM: $42.1 billion$BTC $BCH $ETH $ETC $ZEN $LTC $XLM $ZEC pic.twitter.com/V2PnhG3aUG
— Grayscale (@Grayscale) March 9, 2021
ETFs, on the other hand, track an asset’s prices more effectively and allow for more accurate bets on the price movements of those assets. While Grayscale does not offer such products so far, its recent job postings suggest that it is moving in that direction.
Roles range from legal officers, to ETF creation specialists, to sales directors for designing and pitching a Grayscale ETF product to other investors. The firm also seeks a relationship manager to ensure such products are highly liquid and tradable by investors on the open market.
One such description suggests that Grayscale could also launch a “basket” ETF—or a single product that allows investors to trade a variety of cryptocurrencies instead of having to trade several, single-asset ETFs.
But despite the job postings, Grayscale has not been approved to offer ETFs yet. The US government has, so far, remained wary of allowing such products to launch, and has turned down over nine applications for Bitcoin ETFs to date. The possibility of market manipulation is said to be the biggest reason for the repeated disapprovals.
Firms continue to persist, however. Investment firm VanEck filed for a Bitcoin ETF product with the Securities and Exchange Commission (SEC) last year, while the Chicago Board of Exchange filed with the authority last week to list and trade shares of the VanEck product.
North America’s first Bitcoin Exchange Traded Fund (ETF) has already amassed $421 million in assets since it began trading on Thursday. Bloomberg ETF reporter Eric Balchunas tweeted that the Purpose Bitcoin ETF (ticker BTCC) is currently “crushing our estimate.” He went on to say “If it were to keep up this pace it will be the biggest ETF in Canada in 20 days.” STUNNING: The Canada Bitcoin ETF $BTCC already has collected $421m in assets first two days (crushing our estimate). Proportionally sp...
Meanwhile, Grayscale’s hiring comes amidst an explosive opening for Bitcoin ETFs in neighboring Canada. The “Purpose Bitcoin ETF,” touted as the world’s first Bitcoin ETF, clocked over $80 million in trading volume in the first hour of its launch last month and over $165 million on the first day. The product now holds over $836 million in Bitcoin less than a month after launch.
Wyoming Governor Mark Gordon distanced himself Wednesday from a failed effort by legislators in his state to establish a Bitcoin reserve, emphasizing he’s focused on more practical crypto initiatives. “Wyoming has been pretty methodical in how we approach this,” Gordon told Decrypt at the DC Blockchain Summit. “Bitcoin has been incredibly volatile.” “It’s been a bit of a learning curve,” he added, regarding legislators’ approach to bold initiatives like the Bitcoin reserve. Back in January, Wyom...
The state of Wyoming is gearing up to launch its long-planned stablecoin in the coming months, Governor Mark Gordon said at the DC Blockchain Summit on Wednesday, with the state eyeing a potential July debut following a period of testing. The stablecoin, which was first proposed via a state bill in February 2022, will be powered by LayerZero and be usable across multiple chains, including Ethereum, Solana, Avalanche, and the Ethereum scaling networks Base, Polygon, Arbitrum, and Optimism. “We ar...
Crypto-based prediction marketplace Polymarket apologized on its Discord server for what it described as an “unprecedented situation,” after users flagged apparent manipulation of market results by UMA whales. UMA is Polymarket’s oracle system whereby the results of betting markets are determined by recourse to external sources of data, and by staking UMA tokens behind a particular resolution. For example, if there were a market that allowed users to predict whether the sun would rise tomorrow,...
