‘#DropGold worked’ — Grayscale ‘flippens’ world’s largest gold fund as AUM hi...
The cryptocurrency investment giant has also seen “massive” options volume as gold takes a fresh beating and institutions seek Bitcoin exposure. Bitcoin (BTC) and altcoin investment firm Grayscale now has more assets under management (AUM) than the world’s biggest gold fund.According to the latest data from issuer Grayscale, Grayscale now controls over $60 billion — $1.7 billion more than the leading gold fund, SPDR Gold Shares (GLD).Praise for Grayscale, futures ETFsGrayscale’s flagship Bitcoin product, the Grayscale Bitcoin Trust (GBTC), meanwhile, contains over 646,000 BTC, worth around....
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Grayscale continues to grow, passing $50 billion. That's equivalent to the world’s second-largest commodity ETF. Major U.S. asset manager Grayscale has just surpassed $50 billion in cryptocurrency assets under management for the first time. Grayscale's AUM is creeping ever closer to the $57 billion holdings of the largest commodity ETF. MILESTONE: We just reached $50 billion AUM. Yet another reason to #GoGrayscale. pic.twitter.com/Jrk7n6TAOI— Grayscale (@Grayscale) April 14, 2021 The company has plans to convert into an ETF when regulations allow. If the ETF had been approved....
The ad is currently running online and on several major TV networks. Digital asset manager Grayscale is bringing back its controversial "drop gold" campaign just in time for the potential Bitcoin (BTC) bull market. CEO Barry Silbert tweeted Tuesday that the 30-second advertisement will be “running on major networks all over the country.”The commercial implores investors to “leave the pack behind” by dropping gold and adding digital assets like Bitcoin to their portfolio. “In a digital world, gold shouldn’t weigh down your portfolio,” the commercial says, adding:“Digital currencies like....
Grayscale Investments plans to convert its Grayscale Bitcoin Trust, the world’s largest such product, into a bitcoin exchange-traded fund.
Cardano has been added to Grayscale Investments’ large-cap cryptocurrency fund. It is now the third-largest component of the fund after bitcoin and ether. Grayscale Investments, the world’s largest digital currency asset manager, announced Friday the addition of cardano to its Digital Large Cap Fund (OTCQX: GDLC). Grayscale described this fund as “a passive, rules-based strategy that seeks to provide exposure to 70% of the digital asset market.” The announcement followed a quarterly review and rebalancing of the fund. The company explained: In accordance with the....
Grayscale has just added Cardano to its Digital Large Cap Fund. The top asset management firm announced its quarterly rebalancing that brought up Cardano to be the third-largest holdings of the company. Welcome aboard, #Cardano. We have adjusted the portfolio of Grayscale Digital Large Cap Fund to now include $ADA. — Grayscale (@Grayscale) July 2, […]