$108,908.00
-0.16%$2,632.97
2.01%$2.29
-0.20%$681.29
0.30%$174.29
0.01%$0.999767
0.01%$0.222855
-1.33%$0.748748
-1.47%$0.276721
0.43%$2,633.67
2.10%$108,699.00
-0.38%$3.71
7.45%$35.45
-5.09%$3,165.61
1.61%$15.85
0.36%$23.28
-0.64%$0.286563
-0.08%$0.0000143
-1.09%$9.06
3.04%$415.89
-0.29%$0.185957
0.26%$2.99
-0.38%$2,633.24
1.79%$95.42
0.49%$0.999909
0.02%$4.52
0.37%$2,811.79
1.85%$5.31
0.55%$327.50
-16.55%$0.999608
-0.02%$0.00001375
-1.25%$0.739686
0.07%$1.001
-0.10%$108,904.00
-0.28%$31.87
-0.31%$270.29
-0.20%$6.67
1.49%$446.68
0.83%$2.82
-0.30%$5.34
-0.39%$210.02
0.11%$52.02
-0.42%$37.67
6.95%$0.940979
0.49%$1.00
0.00%$0.097392
0.71%$18.63
0.89%$5.30
0.15%$0.103943
-0.77%$1.18
0.00%$12.82
0.19%$20.86
-1.12%$0.725854
-1.01%$0.02769358
-0.53%$0.39962
2.74%$4.45
-7.56%$0.879733
-1.62%$1.053
0.02%$1.00
0.08%$4.71
-2.31%$1.37
-3.06%$0.228752
-1.31%$107,957.00
-1.23%$0.400545
1.53%$2.86
0.02%$4.43
-0.08%$0.218954
-0.44%$0.613067
-1.16%$2.63
0.61%$116.23
9.48%$0.998494
-0.04%$2.46
11.30%$4.64
0.15%$2,633.66
2.01%$0.00002029
0.33%$183.81
0.18%$15.00
5.94%$11.36
0.83%$0.44038
-1.66%$1.36
-2.50%$0.8752
-0.82%$2,749.57
1.38%$0.752525
-2.03%$1.26
-0.80%$2,991.97
1.72%$0.999055
-0.18%$4.39
2.77%$0.01871696
0.97%$0.223958
0.33%$0.635705
-0.87%$0.769896
-0.03%$1.092
-2.11%$0.066132
-1.71%$0.111504
-0.11%$108,694.00
-0.26%$0.763027
1.28%$0.999334
-0.02%$0.00010028
0.60%$2,803.53
1.89%$225.72
0.05%$1,658.06
0.81%$0.99547
17.72%$3.19
-0.22%$680.92
0.32%$108,670.00
-0.49%$2.77
2.07%$0.999616
0.04%$2,763.21
1.92%$193.68
0.08%$0.874562
1.02%$0.01920425
-1.83%$1.00
0.02%$0.01736571
0.10%$52.05
-1.89%$108,230.00
-0.50%$0.826155
2.82%$2,753.10
1.64%$3,310.57
-0.18%$0.897732
0.31%$0.209089
0.56%$0.138075
1.16%$3,319.93
-0.16%$0.01261725
-0.11%$0.579488
10.85%$22.94
3.73%$0.30575
-0.91%$36.77
1.21%$4.48
0.92%$0.00000072
-0.22%$12.42
0.07%$107,835.00
-0.16%$1.95
0.06%$3.74
-8.98%$1.00
0.01%$0.113858
-0.34%$0.628047
2.37%$0.065933
0.17%$1.94
-0.69%$0.997758
0.01%$0.40123
0.42%$111.21
0.03%$2.03
-0.47%$2.27
-1.14%$0.01846441
-1.85%$0.310629
0.13%$2,632.54
1.83%$0.587322
6.62%$1.091
-0.23%$2,637.78
2.17%$0.222758
-1.21%$2.33
13.04%$0.699486
2.64%$2,725.71
1.91%$2,808.15
1.97%$108,952.00
-0.03%$0.200846
9.08%$0.00519651
1.45%$18.30
1.24%$2,632.52
1.77%$0.431603
0.39%$0.998879
0.13%$108,855.00
-0.26%$0.158267
-1.01%$7.47
1.53%$0.00848641
-1.38%$0.591459
-0.57%$0.621411
3.18%$1.10
-0.04%$0.444843
5.25%$0.437791
1.74%$0.05208
-0.45%$0.102463
-1.20%$6.64
-0.28%$1.52
1.73%$2.87
0.51%$0.183651
6.90%$0.00000117
-0.23%$35.26
-5.58%$0.999702
0.00%$0.46165
-1.86%$1.39
11.69%$0.087996
-0.06%$0.062016
-0.68%$0.671835
-4.40%$0.00002205
-1.05%$105,785.00
-1.09%$0.170415
0.14%$0.00000044
0.14%$0.04391603
-0.03%$2,619.32
1.43%$1.095
0.00%$1.51
-0.58%$1.004
1.29%$0.00443271
-0.74%$37.03
0.67%$0.00770939
-0.10%$1.47
-0.50%$0.161414
2.06%$2,778.91
1.51%$0.999932
0.02%$35.25
-5.61%$42.41
0.26%$0.00456253
-0.77%$0.999095
-0.12%$0.01964397
0.91%$1.001
0.04%$0.389099
0.37%$0.0045093
-8.91%$137.41
2.92%$2,896.59
1.89%$0.801052
-0.83%$0.00523704
0.12%$106,514.00
-2.57%$0.611266
8.53%$0.849181
1.17%$0.03559964
0.27%$0.00395461
0.71%$108,814.00
-0.20%$2,870.13
1.77%$0.228519
-1.47%$0.00006262
-0.07%$2.85
2.54%$0.308306
4.91%$2,635.88
2.04%$0.330444
2.13%$19.89
3.11%$0.233724
0.18%$0.343887
-1.97%$0.00000158
-1.93%$188.70
-0.08%$2,634.22
2.73%$23.26
-0.77%$0.793568
-1.06%$0.999589
-0.02%$2,845.55
1.93%$0.997941
-0.11%$0.999627
-0.01%$0.686918
-0.43%$0.248765
-0.68%$3.34
-5.42%$18.14
-0.89%$2.69
-1.52%$0.00070856
1.08%$23.99
0.27%$0.678493
-1.47%$194.75
0.18%$0.99967
0.00%$2,184.21
-0.38%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.
The Bank of Korea is considering linking its deposit tokens to a public blockchain, a move that would position its state-backed digital currency alongside private-sector stablecoins operating on open networks. The tokens will be “a type of stablecoin issued within the digital currency system built and operated by the Bank of Korea,” the bank’s Deputy Governor Lee Jong-ryeol said in a statement Decrypt has confirmed with local sources. "We are considering a direction in which it will coexist with...
Professor Andrew Urquhart is Professor of Finance and Financial Technology and Head of the Department of Finance at Birmingham Business School (BBS). This is the sixth instalment of the Professor Coin column, in which I bring important insights from published academic literature on cryptocurrencies to the Decrypt readership. In this article, we’ll investigate cryptocurrency derivatives. Bitcoin has gone from being an obscure digital asset traded by blockchain enthusiasts to one of the most trade...
Bitcoin (BTC) may be gaining momentum globally, but in Australia, it’s also attracting political ire. On May 23, Senator Gerard Rennick dismissed Bitcoin as a “Ponzi scheme,” sparking immediate backlash from crypto industry groups and users alike. “Bitcoin will ultimately go to a $1 million dollars. Why? Because it’s a Ponzi scheme whereby BlackRock will pump more and more dollars into a supply-constrained product,” Rennick tweeted in response to a user who sarcastically asked for his “special c...
