Grayscale

The post BlackRock Takes Over Grayscale As The Largest Digital Asset Fund Manager With $22B Holdings appeared first on Coinpedia Fintech News BlackRock has taken over Grayscale as the largest digital asset fund manager in AUM. As highlighted by James Butterfill, BlackRock now holds over $22 billion in crypto, while Grayscale nears $21 billion. Butterfill points to $2.3 billion in outflows from ETHE as a key factor in this transition. Meanwhile, BlackRock has seen significant inflows, with $966 million netted…

To further diversify its crypto investment portfolio, asset manager and ETF issuer Grayscale has unveiled the launch of the Grayscale MakerDAO Trust. This latest addition to Grayscale’s product suite allows investors to gain exposure to MKR, the utility and governance token underpinning the Ethereum-based MakerDAO ecosystem. Grayscale Expands Crypto Portfolio MakerDAO is an autonomous organization operating a decentralized finance (DeFi) protocol, providing users access to a permissionless, open stablecoin system and various other on-chain financial services.  According to Tuesday’s announcement…

The Bitcoin market experienced a major downturn earlier this week attributed to concerns regarding the US economic outlook and increased volatility in the broader financial markets. Notably, Ethereum’s performance lagged, potentially influenced by heightened futures market activity and selling pressure from select large holders. Despite these challenges, asset manager and exchange-traded fund (ETF) issuer Grayscale remains optimistic about the potential for token valuations to rebound if the US economy continues on a trajectory toward a “soft landing.” Even in a…

Grayscale Research suggests that the downside risk to crypto prices may be more limited than in the past, making an all-time high (ATH) for Bitcoin (BTC) this year a possibility. Cryptocurrency markets are showing signs of recovery, with global market capitalization up by 5%, indicating a growing bullish sentiment. Bitcoin 2024 ATH A Possibility Grayscale attributes the recent market crash to July’s weaker-than-expected US employment data but believes Bitcoin could retest its ATH. This, however, depends on the US economy…

Grayscale Investments, one of the world’s largest crypto asset managers and exchange-traded fund (ETF) issuers has unveiled its latest offerings. On Wednesday, the company announced the launch of two new crypto mutual funds: the Grayscale Bittensor Trust and the Grayscale Sui Trust. Grayscale Unveils Bittensor And Sui Trusts According to the announcement, the Grayscale Bittensor Trust is exclusively dedicated to TAO, the token supporting the Bittensor Protocol, which incentivizes the advancement of open-source artificial intelligence (AI) technologies. In parallel, the…

The post Grayscale Launches New Crypto Investment Funds : Adds Sui and TAO appeared first on Coinpedia Fintech News World’s largest crypto asset manager, Grayscale, has announced the launch of two more crypto products. They are already offering over 20 crypto investment funds including Bitcoin, Bitcoin Cash, Ethereum etc. They now have announced the launch of crypto investment funds for Sui and TAO. Let’s explore what they plan with these new investment trusts. Launch of New investment Funds In a…

The post Grayscale Records Over $20B Outflows from Bitcoin and Ether ETFs appeared first on Coinpedia Fintech News Grayscale Investments has recorded over $20.4 billion in outflows from its spot Bitcoin and Ether ETFs combined. The Grayscale Bitcoin Trust ETF (GBTC) has lost an average of approximately $137.7 million daily in almost seven months since its launch. As of July 29, GBTC recorded total outflows of $18.86 billion. In contrast, all other nine spot Bitcoin ETFs maintain a positive balance.…

The post Bitcoin Spot ETFs See Mixed Inflows: Grayscale Outflows Amidst Market Fluctuations appeared first on Coinpedia Fintech News The Bitcoin market continues to see dynamic movements, particularly in Bitcoin spot ETFs. On July 29, there was a notable net inflow of $124 million into Bitcoin spot ETFs, marking the fourth consecutive day of inflows. Grayscale’s ETF, GBTC, experienced a significant single-day outflow of $54.2931 million, while BlackRock’s ETF, IBIT, recorded a substantial inflow of $206 million. Bitcoin spot ETFs’…

Nine spot Ethereum ETFs commenced trading on the US stock market on Tuesday, marking a pivotal moment for the crypto industry following the Securities and Exchange Commission’s (SEC) green light on Monday. Ethereum ETFs See $1B In Trading Volume On Debut James Seyffart, a senior ETF analyst at Bloomberg, described the Monday ETF launch as a “pretty big success,” according to a Fortune report. However, the initial enthusiasm was tempered by a stark comparison to Bitcoin’s ETF debut earlier this…