Grayscale Marks Another All-Time Discount Record of 36.7%

Shares of the Grayscale Bitcoin Trust are once again trading at a record low relative to the fund’s net asset value. Each share is now 36.7% less valuable than the underlying Bitcoin that’s backing it.  Per Grayscale’s website, the total value of its 643,572 BTC under management is roughly $12.4 billion.  This puts its holdings per share at about $17.9. Meanwhile, its actual share value is currently just $11.46, Since shares of GBTC can’t be liquidated as easily as with…

Crypto Hedge Fund Grayscale Investments Shows Another Record-Breaking Growth

As Bitcoin's demand as a reserve fund grows, more and more publicly traded companies are opting to invest in the cryptocurrency. As per the new quarterly report from Grayscale Investments, more than a billion-dollar were poured into the investment firm. Making it the best performing quarter for its investment products and the third consecutive quarter with massive growth. Grayscale Bitcoin Trust (GBTC) got the largest cash inflow out of all its products, over $720 million. Meaning the trust has absorbed…

Grayscale Investments Bought About 50% of all ETH Mined This Year

There has been a considerable growth in investors’ interest for Ethereum. With such growth it means investors are willing to pay a high price towards the diversification of their portfolio. This helps them in utilizing an investment vehicle that meets regulatory requirements, neutralizing part of the risks that come with more traditional means of investing in cryptocurrencies. The asset management company known as Grayscale Investments has claimed the purchase of about 50% of all of the Ethereum mined this year. Grayscale…