• Coin Market Cap
  • Contact Us
  • Privacy & Policy
Thursday, February 25, 2021
Litecoin.is
  • Home
  • Litecoin
  • Bitcoin
  • Blockchain
  • Coin Market Cap
  • Exchange
  • ICO
No Result
View All Result
  • Home
  • Litecoin
  • Bitcoin
  • Blockchain
  • Coin Market Cap
  • Exchange
  • ICO
No Result
View All Result
Litecoin.is
No Result
View All Result
Home Litecoin

Grayscale now holds half a million Bitcoin

November 17, 2020
in Litecoin
0
Grayscale now holds half a million Bitcoin
189
SHARES
Share on FacebookShare on TwitterPin it

Related articles

Supercar maker Mazzanti Automobili launches security token offering

February 25, 2021

Coinbase has held Bitcoin on its balance sheets since 2012

February 25, 2021

Cryptocurrency fund manager Grayscale Investments now holds more than 500,000 BTC in its Bitcoin Trust. 

According to a Nov. 16 post, Grayscale now holds to $8.35 billion worth of Bitcoin— equating to 2.69% of Bitcoin’s (BTC) outstanding supply and market cap.

But with Chainalysis estimating that around 3.7 million BTC have been lost, Grayscale may actually now be in possession of 3.37% of Bitcoin’s remaining circulating supply

Appealing to institutional investors who are prepared to pay a premium to buy and hold cryptocurrency through the security of a regulated fund, shares in the Grayscale Bitcoin Trust currently represent $15.62 worth of Bitcoin each, yet change hands for $18.86. This equates to nearly a 19% premium. Grayscale also charges an annual fee of 2%.

Grayscale Bitcoin Trust now holds more than 500,000 $BTC. Yes, you read that right. Learn more about the world’s largest #Bitcoin investment product. #GoGrayscale https://t.co/2sEpUdw8iN pic.twitter.com/9h8nGZ8i4t

— Grayscale (@Grayscale) November 16, 2020

The Grayscale Bitcoin Trust has aggressively accumulated Bitcoin during 2020, with the amount of BTC held by the fund increasing almost 50% in the past six months. That’s a steep rise in 2020 for a fund that launched seven years ago and suggests snowballing institutional interest.

Last week, the fund reported its largest-ever weekly in-flow, taking in 15,907 BTC worth $215 million.

Grayscale’s Ethereum Trust also ramped up its purchases during 2020, and now holds roughly $1.175 billion worth of Ether, or 2.24% of ETH’s entire capitalization.

Grayscale’s eight other crypto funds currently manage nearly $400 million worth of assets, bringing the total value of digital assets managed by the firm to $9.9 million.

Grayscale’s digital asset holdings: Grayscale


Credit Source link

ADVERTISEMENT
Share76Tweet47Pin17
ADVERTISEMENT

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Supercar maker Mazzanti Automobili launches security token offering

February 25, 2021

Coinbase has held Bitcoin on its balance sheets since 2012

February 25, 2021

Former MLB star sells $1M worth of NFTs in one minute

February 25, 2021
Meme pioneer launches NFT lolcats on OpenSea

Meme pioneer launches NFT lolcats on OpenSea

February 25, 2021

India’s largest crypto exchange adopts decentralized Unstoppable Domains

February 25, 2021

Cross-chain bridges and DeFi integration are pushing these 3 altcoins higher

February 25, 2021
Litecoin.is

Litecoin.is an online NEWS portal which aims to provide the latest trendy news around the crypto market and much more exciting stuff.

Topic to cover

  • Bitcoin
  • Blockchain
  • Litecoin

Whats NEW here?

  • Supercar maker Mazzanti Automobili launches security token offering
  • Coinbase has held Bitcoin on its balance sheets since 2012
  • Former MLB star sells $1M worth of NFTs in one minute

  • Coin Market Cap
  • Contact Us
  • Privacy & Policy

© 2019 Litecoin.is – All about Litecon NEWS and more!

No Result
View All Result
  • Home
  • Litecoin
  • Bitcoin
  • Blockchain
  • Coin Market Cap
  • Exchange
  • ICO

© 2019 Litecoin.is All about Litecoin And Crypto News!.

  • bitcoinBitcoin(BTC)$51,775.001.84%
  • ethereumEthereum(ETH)$1,660.54-1.70%
  • rippleXRP(XRP)$0.480639-1.72%
  • eosEOS(EOS)$4.070.75%
  • litecoinLitecoin(LTC)$201.757.84%
  • bitcoin-cashBitcoin Cash(BCH)$553.271.48%
  • tetherTether(USDT)$1.021.71%
  • stellarStellar(XLM)$0.421854-1.23%
  • Binance CoinBinance Coin(BNB)$261.56-4.48%
  • tronTRON(TRX)$0.0500711.88%
  • cardanoCardano(ADA)$1.070.79%
  • Bitcoin SVBitcoin SV(BSV)$199.423.39%
  • iotaIOTA(MIOTA)$1.240.27%
  • moneroMonero(XMR)$218.570.34%
  • dashDash(DASH)$246.05-3.07%
  • neoNEO(NEO)$42.54-2.50%
  • ontologyOntology(ONT)$1.02-4.16%
  • nemNEM(XEM)$0.54-0.24%
  • zcashZcash(ZEC)$138.045.04%
  • USD CoinUSD Coin(USDC)$1.010.83%
  • dogecoinDogecoin(DOGE)$0.056812-1.12%
  • bitcoin-goldBitcoin Gold(BTG)$28.650.68%