Today we’re looking at Grayscale, the digital asset manager that’s spent much of 2020 grabbing all the Bitcoin it can lay its hands on. By October 2020, the total value of assets managed by Grayscale reached $6.5 billion for the first time—$5.4 billion of which are concentrated in the Grayscale Bitcoin Trust (GBTC). In a survey published last month, the crypto-focused investment firm noted that investor interest around cryptocurrency has increased during the COVID pandemic; though the firm’s exchange-traded products had a lackluster October, underperforming compared to the rest of the market.
Everything You Need To Know About The Grayscale Bitcoin Trust (GBTC)
The Grayscale Bitcoin Trust has been grabbing headlines in recent months. Here’s how it works, and what it means for the crypto space.
Grayscale Secures Over $1 Billion in Q3 Cryptocurrency Investments
Grayscale Investments brought in more than $1 billion of new investment during the third quarter of this year.
Grayscale Now Manages $6.5 Billion Worth of Crypto
Grayscale’s Bitcoin Trust still comprises the lion’s share of the cryptocurrency investments managed by the company.
Coronavirus Has Been Good for Bitcoin: Grayscale Investor Study
Grayscale says interest in Bitcoin among investors is increasing. And it claims that the coronavirus pandemic has played a key role.
Grayscale Bitcoin Products Underperform for Month: Report
Despite big money flowing in and strong daily volumes, Grayscale’s exchange-traded products have generally disappointed in October.