As of June 2018, Grayscale Investments, LLC (“Grayscale”) is the largest digital currency asset manager with $2.1 billion in assets under management.
1 Grayscale offers ten investment products including six single-asset funds (Bitcoin Investment Trust [OTCQX: GBTC], Ethereum Classic Investment Trust [OTCQX: ETCG], Horizion Token Fund [OTCQX: ZEN], Bitcoin Cash Investment Trust [OTCQX: BCHG], Litecoin Investment Trust [OTCQX: LTCN], and Ethereum Investment Trust [OTCQX: ETH]) and four diversified funds (Digital Large Cap Fund, Digital Small Cap Fund, Digital Asset Investment Fund, and Blockchain Innovators Fund).
In March 2018, Grayscale launched four new single-asset investment trusts, including the Bitcoin Cash Investment Trust. The trust is currently the only investment vehicle for accessing bitcoin cash (BCH) and trades on the OTCQX® market under the ticker “BCHG.”
NOTE: This warning note is to remind you that investing in Bitcoin Cash or any other cryptocurrency carries a high degree of risk. Before investing, it is important to understand the various risks associated with investing in Bitcoin Cash and other cryptocurrencies. Investing in cryptocurrencies can be highly speculative, involves a degree of risk, and may not be suitable for all investors. You should always consider your own personal financial circumstances before making any investment decisions.
According to a recent article from CoinDesk,2 as of June 11, 2018, Grayscale held approximately $600 million in bitcoin cash (BCH), or roughly 5 percent of the total supply. This makes Grayscale one of the largest institutional holders of BCH.
The article goes on to say that “Grayscale’s accumulation of BCH appears to be part of a wider trend among digital currency investment firms. While many hedge funds sold off their cryptocurrency holdings during the first quarter market crash, a number of firms have been accumulating cryptocurrencies over the past few months.”
So there you have it – as of right now, Grayscale Investments holds approximately $600 million in bitcoin cash (BCH), or 5 percent of the total supply. This makes them one of the largest institutional holders of BCH.
8 Related Question Answers Found
Grayscale is one of the largest digital currency managers and is responsible for about 2% of all Bitcoin in circulation. That’s because the firm behind the Grayscale investment trusts buys and sells BTC for its clients. Since mid-2017, when Bitcoin was near its all-time high, Grayscale has been on a shopping spree, adding an average of 17,000 BTC to its holdings every month.
Gray Scale Bitcoin is a digital asset management firm that offers investment opportunities in Bitcoin and other digital assets. The company was founded in 2013 by Timothy C. Draper, who is also the founder of the VC firm Draper Associates.
The Grayscale Bitcoin Trust is an investment vehicle for individuals seeking exposure to bitcoin without having to buy, store, or manage the underlying digital currency. The Trust is sponsored by Grayscale Investments, LLC (“Grayscale”), a digital currency asset manager. The current premium for the trust is 1.03%, meaning that for each share of the trust you own, you are paying $1.
03 more than the underlying value of the bitcoins held by the trust. .
When it comes to investing in Bitcoin, there are a few different options available. One option is to invest in the Grayscale Bitcoin Trust. The Grayscale Bitcoin Trust is a trust that invests exclusively in Bitcoin and it is one of the most popular ways to invest in Bitcoin.
As of October 2020, the net asset value (NAV) of Grayscale Bitcoin Trust is $9.8 billion. The trust is the largest digital currency asset manager in the world and invests exclusively in bitcoin. NAV is calculated by dividing the trust’s net assets by the number of shares outstanding.
Grayscale Bitcoin Trust is a digital currency investment product that enables investors to gain exposure to the price movement of Bitcoin (BTC) without the challenges of buying, storing, and safekeeping BTC. The investment objective of GBTC is for the shares to reflect the performance of the Blended Bitcoin Price Index less the Trust’s expenses and liabilities. The Blended Bitcoin Price Index is a rules-based methodology that averages the U.
Bitcoin Cash Trust (BCHG) is an investment trust that enables investors to gain exposure to the price movement of Bitcoin Cash (BCH) without having to buy, store or manage the underlying cryptocurrency. The trust is currently the only investment product available that offers exposure to BCH. BCHG is managed by Grayscale Investments, LLC, a digital currency asset manager.
Grayscale Bitcoin Trust is a digital currency investment vehicle that holds and invests in Bitcoin. The trust is managed by Grayscale Investments, LLC.
, a digital currency asset management firm. The trust’s objective is to track the performance of the price of Bitcoin, less the expenses of the trust’s operations.
