Grayscale

Grayscale’s XRP trust has grown noticeably since launch, a development which spells positive momentum for the digital asset. As one of the leading cryptocurrency asset managers in the world, Grayscale’s decision to unveil the first XRP trust in the US last week signaled the beginning of an institutional influx of funds into the cryptocurrency. Since its debut, the Grayscale XRP Trust has performed remarkably well. Data indicates that the trust’s value has surged by 11.44%, a clear indication of strong demand…

Exciting developments in the cryptocurrency market have caught the attention of many. Recent major listing boosts have driven POL's impressive rise, while XRP experiences gains following the Grayscale XRP Trust. Discover which other altcoins may be poised for explosive growth in the near future. Dive into the details and uncover the next potential big movers in the crypto space. POL (EX-MATIC) POL, formerly known as MATIC, is demonstrating bullish momentum, with its current price ranging between $0.34 and $0.42, showing…

The post XRP Price Poised for 10% Rally After Grayscale XRP Trust Announcement: Report appeared first on Coinpedia Fintech News XRP price is poised for a significant rally, despite gaining 6% upside momentum in the past four hours. It’s all thanks to the asset management giant Grayscale. On September 12, 2024, the firm announced its latest single-asset crypto investment product, Grayscale XRP trust. Grayscale’s XRP Trust Takes the Spotlight This announcement on X (previously Twitter) went viral and attracted significant…

The post Ripple News: Grayscale Launches First U.S. XRP Trust – Will XRP Price Jump? appeared first on Coinpedia Fintech News In another daring move, crypto asset management giant Grayscale will launch the first U.S. XRP trust on Thursday. As per Fox Business report, Accredited investors will have direct exposure to XRP, the cryptocurrency behind Ripple’s XRP Ledger, which facilitates cross-border payments, through this “closed-end” fund. Launching this trust is significant for all those crypto fans who fear entering the…

Litecoin (LTC) is set to enjoy a significant price increase due to massive buying pressure from institutional investors like Grayscale. A recent analysis by crypto analyst 28 Crypto also showed that Litecoin is poised to enjoy significant price gains.  Grayscale Adds 10,000 LTC To Its Portfolio In an X (formerly Twitter) post, crypto commentator Bamboo shared data from the crypto data analysis platform Coinglass, showing that Grayscale had recently added 10,000 LTC to their portfolio. Further data from Coinglass showed…

The post Digital Currency Group Settles Debts, Focuses on New Grayscale Products appeared first on Coinpedia Fintech News DCG clears debts! Digital Currency Group (DCG) announced that it has fully repaid its short-term debts as of June 2024, leaving only a $1.1 billion promissory note owed to its bankrupt crypto-lending subsidiary, Genesis. This promissory note is due in 2032. Over the past 18 months, DCG managed to repay over $1 billion to its creditors, benefiting from strong financial performance in…

The post These Top AI Tokens From Grayscale Decentralized AI Fund Could Beat the Crypto Market? appeared first on Coinpedia Fintech News As the recovering crypto market faces multiple hurdles, Bitcoin is stuck at the $60,000 resistance. Amid this, the altcoins market is gearing up for a bull run, and the AI tokens are pushing the throttle up.  Ranking among the top performers, the AI tokens are gaining momentum and tease a potential rally ahead. While the broader market seems…

The post Grayscale Avalanche Trust Ignites AVAX Rally, $31 Ahead? appeared first on Coinpedia Fintech News Grayscale Investment, the world’s largest crypto asset manager, has announced the public launch of the Grayscale Avalanche Trust. Following this announcement, Avalanche (AVAX) gained significant attention from traders and investors and experienced a notable price surge.   Grayscale Avalanche Trust  With this latest announcement, the world’s largest crypto asset manager now offers more than 20 crypto investment products. With the latest announcement, the trust allows…

Zach Pandl, Grayscale Investments’ managing director, has boldly predicted that the price of Bitcoin will surge regardless of who wins in the upcoming US presidential election. He said this potential increase is because of macroeconomic trends, most especially pertaining to the assumed depreciation of the US dollar. According to Pandl, the fact that Bitcoin has a supply capped makes it an excellent hedge against inflation and monetary debasement as the US government continues to sustain more debt, now approaching a…