Grayscale Investments has added 19,879 BTC to its Bitcoin Trust in the last week, purchasing Bitcoin faster than the tokens can be mined.
The premium on shares in Grayscale’s Ethereum Investment Trust plummeted 50% in less than one week.
Grayscale Investments’ Ethereum Investment Trust shares are currently trading at roughly 150% of ETH’s all-time price high, signaling strong institutional demand.
Wilshire tells Cointelegraph how its publicly listed Bitcoin fund will differ from other U.S. competition.
Investment firm Wilshire Phoenix just filed with the SEC for a tradeable Bitcoin fund similar to the Grayscale Bitcoin Trust.
An investor raised a major criticism about the way in which the Grayscale Bitcoin Trust is set up.
A survey published by Fidelity has found that more than one-third of institutional investors globally are exposed to crypto assets.
22% of crypto fund manager Grayscale Investments’ purchases have been Ether throughout 2020 so far, totaling $110 million worth of accumulation.
Bloomberg says that all signs point to Bitcoin going on the major bull run in 2020, the only question is whether it will break the all time high of $20,000.
Grayscale Investments has been gobbling up Bitcoin in recent months, and most of its investors are institutions — but other funds are doing it, too.