Grayscale confirms Bitcoin ETF plans and adds exposure to Zcash, Stellar Lume...
Grayscale said it would proceed "once there’s official and verifiable evidence of the SEC’s comfort with the underlying Bitcoin market." Institutional asset manager Grayscale has announced it will be converting its GBTC Trust into an exchange-traded fund once the U.S. Securities and Exchange Commission has “comfort” with recently approved Bitcoin futures ETFs.In an Oct. 18 Twitter thread, Grayscale communications director Jennifer Rosenthal said the asset manager would proceed with offering an exchange-traded fund, or ETF, when “the SEC has formally expressed their requisite comfort with....
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The new allocation extends DCG’s purchase authorization for the Grayscale Bitcoin Trust by $250 million. According to an announcement issued on Wednesday, DCG is now authorized to buy up to $1 billion worth of Grayscale Bitcoin Trust (GBTC).This development extends DCG’s prior authorization by $250 million if they choose to do so. Indeed, DCG has so far purchased $338 million in GBTC, according to the company’s announcement on Wednesday.As previously reported by Cointelegraph, DCG had purchased $193.5 million worth of GBTC shares back in May 2021. At the time, the firm’s GBTC purchase....
Grayscale has filed to convert its Zcash Trust into a spot exchange-traded fund, setting up a potential first for regulated exposure to a privacy coin in the U.S. ETF market. If approved and listed, the product would give investors exchange-traded access to ZEC without requiring them to custody the asset directly. The proposed ETF would […]
The share repurchase program centers around Grayscale's Litecoin, Zcash and Horizon investment products. Grayscale parent Digital Currency Group, better known as DCG, announced that it intends to repurchase up to $250 million in shares for various Grayscale investment products.The share repurchase program is centered around Grayscale’s Litecoin Trust, Horizon Trust, Zcash Trust and other Grayscale products, DCG confirmed on Wednesday. The pace and timing of the share repurchase are not fixed and will depend on several factors, “including the levels of cash available, price, and prevailing....
“Added a cool $300 million in AUM in one day,” boasts Grayscale CEO Barry Silbert. Crypto fund manager Grayscale Investments has increased its assets under management (AUM) by $1 billion in the space of a week.According to an update posted to Grayscale’s Twitter account on Oct. 22, the investment firm currently has $7.3 billion in assets under management (AUM). That's a billion-dollar increase on the $6.3 billion AUM Grayscale reported on Oct. 15. Each report is delayed by 24 hours so it refers to the previous day's figure.The funds are mostly held in Grayscale’s trusts for Bitcoin (BTC)....
In a further sign of a shake-up in the institutional market, DCG is eyeing the purchase along with hiring ETF specialists. Cryptocurrency asset manager Grayscale has a new buyer of shares in its Grayscale Bitcoin Trust (GBTC) — its owner.In a press release on March 10, Grayscale parent company Digital Currency Group (DCG) announced plans to purchase up to $250 million of GBTC shares.GBTC to buy "up to $250 million" in sharesThe move, which comes amid volatile conditions for GBTC, follows plans to hire specialists in the exchange-traded fund (ETF) sphere, signaling a potential....