Grayscale ethereum trust eth

Grayscale вновь открыл ETH траст для инвестиций

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Grayscale вновь возобновил инвестирование в ЕТН

Инвестиционные компании готовятся к притоку инвестиционных инвесторов

Цена ЕТН может вырасти до $2600

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Фонд Grayscale Ethereum Trust после длительного перерыва снова доступен для аккредитованных инвесторов

Акции Ethereum Trust уже в продаже

Инвестиционная компания Grayscale заявила о возобновлении размещения акций с привязкой к токену Ethereum. Об этом она сообщила было на официальной странице в Twitter.

«Частное размещение акций Grayscale Ethereum Trust возобновляется с 16.00 PST 30 января (3.00 мск 31 января)», — говорится в заявлении.

Как поясняют в компании, акции будут доступны аккредитованным инвесторам. Вложения в траст обеспечивают пассивный доход от торговли акциями, привязанными к токену ЕТН. На данный момент компания предлагает своим клиентам свыше 285 млн акций по цене 0,10 ЕТН за штуку.

В пятницу, 29 января, рыночная стоимость акций составляла $14,92 на момент открытия и $14,04 на момент закрытия торгов. Годовая доходность инвестиций в акции траста ЕТН за год превысила 217%.

Отметим, что в 2020 году компания Grayscale привлекла инвестиций на сумму $5,7 млрд, из которых $3,3 млрд были привлечены в четвертом квартале 2020 года.

Инвестиции в ЕТН будут расти

Согласно прогнозам, ЕТН станет одним самых привлекательных инвестиционных активов 2021 года. По словам аналитика компании Messari Райана Уоткинса, в 2021 году институциональные инвесторы переключатся с биткоина на ETH.

«Прогноз на 2021 год: в 2021 году институты начнут вкладываться в $ ETH. Если вы уже признали биткоин, как ценный актив, вам проще сделать следующий шаг и перейти с $ BTC на $ ETH» – написал Уоткинс.

Подобного мнения придерживаются и аналитики в компании Trustology. Летом 2020 года компания запустила специальную платформу, которая позволяет институциональным инвесторам размещать свои токены ЕТН на платформе Ethereum 2.0 для участия в стейкинге.

В компании пояснили, что новая функция позволит институциональным инвесторам размещать свои ETH через учетные записи кошелька TrustVault, который предлагает различные функции безопасности, включая биометрическую защиту и возможности многократной подписки, требуя, чтобы несколько организаций или частных лиц подписывали все виды деятельности кошелька.

Инвестиционные компании уже готовятся к притоку новых клиентов в актив на фоне бычьего ралли. Курс ETH обновил исторический максимум 25 января, приблизившись к отметке $1500. Известный криптоэксперт и глава Galaxy Digital уверен, что токен подорожает до $2600.

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Grayscale Ethereum Trust (ETH) (ETHE)

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• Объем: 4.449.645
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Обзор ETHE

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Аналитика по Grayscale Ethereum Trust (ETH)

При крупной коррекции крипторынка поведение розничных и институциональных игроков отличается. Исключением не стало и текущее падение Bitcoin на 36% от исторического.

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Свечные модели

Модель		Временной период	Надежность	Х свечей назад	Время
Новые модели
Belt Hold Bullish	15	Текущая
Engulfing Bearish	30	Текущая
Завершенные модели
Bullish doji Star	1H	2	10.06.2021 20:00
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Three Outside Down	15	2	10.06.2021 22:15

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Grayscale Ethereum Trust владеет 2% находящихся в обращении ETH

По словам соучредителя и генерального директора Digital Currency Group Барри Силберта, Grayscale Ethereum Trust (ETHE) владеет 2% находящихся в обращении ETH

Силберт отметил, что, пока большинство людей сосредоточены на институциональных инвестициях в биткоин, Ethereum Trust благодаря инвесторам постепенно наращивает запасы ETH и теперь 2% находящихся в обращении монет ETH находятся у дочерней компании Digital Currency Group — Grayscale.

Недавно Grayscale Investment опубликовала свой финансовый отчет за третий квартал нынешнего года, в котором говорится, что благодаря собственным инвестиционным продуктам компания привлекла $1,05 миллиарда, что в истории компании стало крупнейшим притоком капитала в течение одного квартала.

Кроме того, указывается, что в третьем квартале 2020 года благодаря увеличению инвестиционного спроса Grayscale Bitcoin Trust (GBTC) привлек $719,3 миллиона. Также продолжил расти спрос на другие продукты и с начала года инвестиции в продукты Grayscale превысили $2,4 миллиарда.

В отчете сообщается, что большая часть финансовых средств по всем продуктам поступила от институциональных инвесторов, на долю которых в третьем квартале пришлось 81% инвестиций. Инвесторы расширили свое присутствие на криптовалютном рынке, так как 57% средств поступило от инвесторов, имеющих отношение к различным продуктам Grayscale.

Следует отметить, что Grayscale Ethereum Trust позволяет инвесторам получить доступ к ETH без необходимости управлять закрытыми или открытыми ключами. По данным веб-сайта, Grayscale управляет фондом за комиссионные, а сумма находящихся под управлением активов составляет $867,6 миллиона. Каждая акция ETHE содержит 0,09316004 ether.

Источник

Grayscale Ethereum Trust (ETH) (ETHE)

Previous Close	24.90
Open	24.96
Bid	N/A x N/A
Ask	N/A x N/A
Day’s Range	23.99 — 25.15
52 Week Range	4.23 — 43.23
Volume	4,444,114
Avg. Volume	8,024,801

Market Cap	N/A
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PE Ratio (TTM)	N/A
EPS (TTM)	N/A
Earnings Date	N/A
Forward Dividend & Yield	N/A (N/A)
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Grayscale Investments® Hires Wall Street Executive as Chief Marketing Officer

Deborah Bussière, formerly of Broadridge Financial Solutions, named CMONew York, June 10, 2021 (GLOBE NEWSWIRE) — Grayscale Investments®, the world’s largest digital currency asset manager, today announced Deborah Bussière has been appointed Chief Marketing Officer. Bussière will lead the company’s marketing and advertising efforts, reporting to Michael Sonnenshein, CEO. Grayscale Investments has been a trailblazer in its marketing and advertising campaigns, which have been grounded in a commit

Grayscale Digital® Large Cap Fund Files Form 10 with SEC

New York, May 13, 2021 (GLOBE NEWSWIRE) — Grayscale Investments®, the world’s largest digital currency asset manager and manager of Grayscale® Digital Large Cap Fund (OTCQX: GDLC), today announced that it has publicly filed a Registration Statement on Form 10 with the Securities and Exchange Commission (SEC) on behalf of Grayscale Digital Large Cap Fund.* This is a voluntary filing that is subject to SEC review. If the Registration Statement becomes effective, it would designate the Fund as an SEC reporting company and register its shares pursuant to Section 12(g) of the Securities Exchange Act of 1934, as amended (the Exchange Act).** It would also designate the Fund as Grayscale’s third digital currency investment vehicle to become an SEC reporting company, following Grayscale® Bitcoin Trust as the first and the Grayscale® Ethereum Trust as the second in the U.S. Additionally, if the Registration Statement become effective, accredited investors who purchased shares in the Fund’s private placement would have an earlier liquidity opportunity, as the statutory holding period of private placement shares would be reduced from 12 months to 6 months under Rule 144 of the Securities Act of 1933, as amended (the Securities Act).*** The Fund currently publishes quarterly and annual reports as well as audited financial statements pursuant to the OTC Markets Alternative Reporting Standard (ARS). Should the Registration Statement become effective, the Fund would file these reports and financial statements as 10-Qs and 10-Ks with the SEC, along with current reports on Form 8-K, in addition to complying with all other obligations under the Exchange Act. The Fund is an investment product that allows investors to more effectively implement strategic and tactical asset allocations that incorporate digital assets by using the Fund’s shares. This action reflects Grayscale’s commitment to move Grayscale Digital Large Cap Fund forward through the product pipeline described in a recent blog post about Grayscale’s roadmap to launching digital currency ETFs. For more information, please refer to the Form 10 filing and the Information Statement as well as the FAQ page. *The Fund offers a private placement to accredited investors. To date, the Fund has not met its investment objective and the shares quoted on OTCQX have not reflected the value of digital assets held by the Fund, less the Fund’s expenses and other liabilities, but have instead traded at a premium over such value, which at times has been substantial. **This voluntary filing should not be confused as an effort to classify Grayscale Digital Large Cap Fund as an exchange traded fund (ETF). The structure of the Fund will not change and it will continue to not operate a redemption program nor trade on a national securities exchange. ***The holding period reduction would go effective after Grayscale Digital Large Cap Fund has been a reporting company for at least 90 days and has satisfied the other requirements under Rule 144 of the Securities Act. This press release is not an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal, nor shall there be any sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. About Grayscale Investments® Grayscale Investments is the world’s largest digital currency asset manager, with more than $53B in assets under management as of May 12, 2021. Through its family of investment products, Grayscale provides access and exposure to the digital currency asset class in the form of a security without the challenges of buying, storing, and safekeeping digital currencies directly. With a proven track record and unrivaled experience, Grayscale’s products operate within existing regulatory frameworks, creating secure and compliant exposure for investors. Grayscale products are distributed by Genesis Global Trading, Inc. (Member FINRA/SIPC, MSRB Registered). For more information, please visit grayscale.com and follow @Grayscale. CONTACT: press@grayscale.co

‘Britcoin’: Central bank digital currencies explained

More than 60 central banks have announced central bank digital currency projects since 2014.

Grayscale® Digital Large Cap Fund Announces Rebalancing of Fund

Chainlink (LINK) has been added to the Fund’s PortfolioNew York, April 06, 2021 (GLOBE NEWSWIRE) — Grayscale Investments®, the world’s largest digital currency asset manager and manager of Grayscale® Digital Large Cap Fund (OTCQX: GDLC) (the Fund), today announced the updated Fund Component weightings for the Fund in connection with its quarterly review. Grayscale has adjusted the Fund’s portfolio by selling the existing Fund Components in proportion to their respective weightings and using the cash proceeds to purchase Chainlink (LINK) in accordance with the Fund’s construction criteria. This announcement follows the recent launch of Grayscale® Chainlink Trust, a single-asset investment product offering investors exposure to the price movement of the LINK token. Chainlink is a decentralized data routing protocol that is built on Ethereum. Through a wide network of nodes, Chainlink facilitates the transfer of data from off-chain sources to on-chain applications, in what is commonly referred to as an oracle service. The LINK token is the native token of Chainlink and is used to incentivize Chainlink node operators to provide oracle services. For investors who wish to learn more about Chainlink, Grayscale also recently published an introduction to the digital currency, available here. As of the end of the day on April 2, 2021, the Fund Components were a basket of 79.8% Bitcoin (BTC), 17.5% Ethereum (ETH), 0.80% Bitcoin Cash (BCH), 1.00% Litecoin and 0.90% Chainlink (LINK) and each Share represented 0.00046619 Bitcoin (BTC), 0.00287637 Ethereum (ETH), 0.00046869 Bitcoin Cash (BCH), 0.00166308 Litecoin and 0.00973831 Chainlink (LINK). The Fund does not generate any income and regularly distributes Fund Components to pay for its ongoing expenses. Therefore, the amount of Fund Components represented by each Share gradually decreases over time. About Grayscale® Digital Large Cap FundGrayscale Digital Large Cap Fund enables investors to gain exposure to a market-cap weighted portfolio of large-cap digital currencies through a singular investment vehicle without the challenges of buying, storing, and safekeeping digital currencies directly. Through a rules-based portfolio construction methodology, the Fund targets coverage of the upper 70% of the digital currency market and is re-evaluated each quarter; however, the weightings of each Fund Component change daily and are published around 4:00 p.m. NY-time.* Investors can obtain real time visibility into the daily performance and composition of the Fund through the TradeBlock Grayscale Digital Large Cap Index (DLCX): https://tradeblock.com/markets/dlcx. The Fund’s investment objective is for its Shares to reflect the value of Fund Components held by the Fund, less its expenses and other liabilities. To date, the Fund has not met its investment objective and the Shares quoted on OTCQX have not reflected the value of Fund Components held by the Fund less, the Fund’s expenses and other liabilities, but have instead traded at a substantial premium over such value. The Fund is an investment vehicle with Shares titled in the investors name, providing a familiar structure for financial and tax advisors and easy transferability to beneficiaries under estate laws. Additionally, Shares are eligible to be held in certain IRA, Roth IRA, and other brokerage and investor accounts. For more information, please visit: https://grayscale.co/investors/. Grayscale is issuing this release in accordance with the disclosure obligations of OTCQX®. The Fund’s Annual Report and other disclosures, published to satisfy the Alternative Reporting Standard disclosure guidelines for OTCQX, are available at https://www.otcmarkets.com/stock/GDLC/disclosure. *The composition of the Fund is evaluated on a quarterly basis to remove existing Fund Components or to include new Fund Components in its portfolio, in accordance with the Fund’s Construction Criteria established by Grayscale. Additional information about the Fund’s Construction Criteria can be found in the annual report available at https://backend.otcmarkets.com/otcapi/company/financial-report/258607/content. This press release is not an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal, nor shall there be any sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. About Grayscale Investments® Grayscale Investments is the world’s largest digital currency asset manager, with more than $46B in assets under management as of April 5, 2021. Through its family of 14 investment products, Grayscale provides access and exposure to the digital currency asset class in the form of a security without the challenges of buying, storing, and safekeeping digital currencies directly. With a proven track record and unrivaled experience, Grayscale’s products operate within existing regulatory frameworks, creating secure and compliant exposure for investors. For more information, please visit grayscale.co or follow us on Twitter, @Grayscale. CONTACT: press@grayscale.co

Grayscale Investments® Launches Five New Investment Trusts

New offerings reflect growing global demand for digital currency investment productsNew York, March 17, 2021 (GLOBE NEWSWIRE) — Grayscale Investments®, the world’s largest digital currency asset manager, today announced the launch of five new digital currency investment trusts, bringing its total number of investment products to 14. The new trusts are: Grayscale® Basic Attention Token Trust Grayscale® Chainlink Trust Grayscale® Decentraland Trust Grayscale® Filecoin Trust Grayscale® Livepeer Trust “Digital currencies have reached an inflection point. Investor demand has never been higher, and every day we’re seeing new entrants to what has surely become a bona fide asset class,” said Grayscale CEO Michael Sonnenshein. “Grayscale has long been the leader in creating novel pathways for investors to access the opportunities that digital currencies may offer, and this announcement carries on that tradition. We look forward to working with our global investor base, our growing team, and regulators to continue to move this industry forward.” The new trusts are now open for daily subscription by eligible individual and institutional accredited investors. The trusts function the same as Grayscale’s other single-asset investment trusts. Each of the trusts are among the first investment products solely invested in the digital currencies underpinning Basic Attention Token (BAT), Chainlink (LINK), Decentraland (MANA), Filecoin (FIL), and Livepeer (LPT). Grayscale’s other single-asset investment products provide exposure to Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Horizen (ZEN), Litecoin (LTC), Stellar Lumens (XLM), and Zcash (ZEC). Additionally, Grayscale’s diversified investment product, Grayscale® Digital Large Cap Fund, provides exposure to the top digital currencies by market capitalization. Grayscale’s investment products are available to institutional and individual accredited investors through their respective periodic and ongoing private placements. Certain Grayscale products are publicly-traded on OTC Markets, including OTCQX® 1. Shares of these products that have become unrestricted in accordance with the rules and regulations of the SEC and may be bought and sold throughout the day via any brokerage account. These products include: Grayscale® Bitcoin Trust (OTCQX: GBTC) Grayscale® Bitcoin Cash Trust (OTCQX: BCHG) Grayscale® Ethereum Trust (OTCQX: ETHE) Grayscale® Ethereum Classic Trust (OTCQX: ETCG) Grayscale® Litecoin Trust (OTCQX: LTCN) Grayscale® Digital Large Cap Fund (OTCQX: GDLC) As is the case for these products, Grayscale intends to attempt to have Shares of new products quoted on a secondary market as well. However there is no guarantee that we will be successful. Although the shares of certain products have been approved for trading on a secondary market, investors in the new products should not assume that the Shares will ever obtain such an approval due to a variety of factors, including questions regulators such as the SEC, FINRA or other regulatory bodies may have regarding such products. As a result, shareholders of such products should be prepared to bear the risk of investment in the Shares indefinitely. This press release is not an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal, nor shall there be any sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. 1Each product offers a private placement to accredited investors. The investment objective of each product is for its Shares (based on digital assets per Share) to reflect the value of digital assets held by such product, determined by reference to the applicable TradeBlock index price or reference rate, less such product’s expenses and other liabilities. To date, certain products have not met their investment objective and the Shares of such products quoted on OTCQX have not reflected the value of the digital assets held by such products, less such products’ expenses and other liabilities, but have instead traded at a premium over such value, which at times has been substantial. Recently, there have also been limited instances where the Shares of certain products have traded at a discount. About Grayscale Investments® Grayscale Investments is the world’s largest digital currency asset manager, with more than $42.9B in assets under management as of March 16, 2021. Through its family of investment products, Grayscale provides access and exposure to the digital currency asset class in the form of a traditional security without the challenges of buying, storing, and safekeeping digital currencies directly. With a proven track record and unrivaled experience, Grayscale’s products operate within existing regulatory frameworks, creating secure and compliant exposure for investors. Grayscale products are distributed by Genesis Global Trading, Inc. (Member FINRA/SIPC, MSRB Registered). For more information, please visit grayscale.co and follow @Grayscale. CONTACT: press@grayscale.co

Grayscale Investments® Announces Exploration of New Investment Products

New potential products reflect company’s continued commitment to improving investment community’s access to digital currency asset classNew York, Feb. 26, 2021 (GLOBE NEWSWIRE) — Grayscale Investments®, the world’s largest digital currency asset manager, is announcing its consideration of several new digital assets for potential new product offerings. The firm, which currently offers accredited investors eight single-asset investment trusts and one diversified fund, continues to seek ways to better meet growing investor demand for exposure to digital assets through familiar, secure, and regulated investment products. The digital assets currently under consideration include: Aave (AAVE) Basic Attention Token (BAT) Cardano (ADA) Chainlink (LINK) Compound (COMP) Cosmos (ATOM) Decentraland (MANA) EOS (EOS) Filecoin (FIL) Flow (Dapper Labs) (FLOW) Livepeer (LPT) MakerDao (MKR) Monero (XMR) Numeraire (NMR) Polkadot (DOT) Reserve Rights (RSR) Stacks (STX) Sushiswap (SUSHI) Synthetix (SNX) Tezos (XTZ) The Graph (GRT) Uniswap (UNI) Yearn Finance (YFI) “We’re eager to expand our product offerings to better serve our investors,” said Grayscale CEO Michael Sonnenshein. “The digital currency universe is constantly evolving and we seek to identify bold, interesting, and innovative opportunities that satisfy our investors’ demand for differentiated exposure to this burgeoning asset class.” “We may not turn each of these assets into one of our landmark investment products,” continued Sonnenshein. “But as a firm that has been on the vanguard of connecting the legacy financial system with the new, digital currency-driven financial system, we view it as our responsibility to introduce investors to more diversity in this space.” The process of creating an investment product structured similarly to those Grayscale already offers requires significant review and consideration, and is subject to substantial internal controls, sufficiently secure custody arrangements, and regulatory considerations. As such, there is no guarantee that assets named in the above list will receive a corresponding investment product. Any newly-created products from Grayscale will be announced separately upon launch. Investors can access Grayscale’s existing suite of products, as well as research, resources, and more, at grayscale.co. — Grayscale’s single-asset investment products provide exposure to Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Horizen (ZEN), Litecoin (LTC), Stellar Lumens (XLM), and Zcash (ZEC). Additionally, Grayscale’s diversified investment product, Grayscale® Digital Large Cap Fund, provides exposure to top digital currencies by market capitalization. Grayscale’s investment products are available to institutional and individual accredited investors through their respective periodic and ongoing private placements. Additionally, secondary markets exist for six of Grayscale’s products as Grayscale® Bitcoin Trust (OTCQX: GBTC), Grayscale® Bitcoin Cash Trust (OTCQX: BCHG), Grayscale® Ethereum Trust (OTCQX: ETHE), Grayscale® Ethereum Classic Trust (OTCQX: ETCG), Grayscale® Litecoin Trust (OTCQX: LTCN) and Grayscale® Digital Large Cap Fund (OTCQX: GDLC) are publicly-quoted and available to all individual and institutional investors on the OTCQX® Best Market and other OTC Markets.* *Each Product offers a private placement to accredited investors. The investment objective of each Product is for its Shares (based on digital assets per Share) to reflect the value of digital assets held by such Product, less such Product’s expenses and other liabilities. Because each Product does not currently operate a redemption program, there can be no assurance that the value of such Product’s Shares will reflect the value of the assets held by such Product, less such Product’s expenses and other liabilities, and the Shares of such Product, if traded on any secondary market, may trade at a substantial premium over, or a substantial discount to, the value of the assets held by such Product, less such Product’s expenses and other liabilities, and such Product may be unable to meet its investment objective. This press release is not an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal, nor shall there be any sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. About Grayscale Investments® Grayscale Investments is the world’s largest digital currency asset manager, with more than $39.1B in assets under management as of February 25, 2021. Through its family of investment products, Grayscale provides access and exposure to the digital currency asset class in the form of a traditional security without the challenges of buying, storing, and safekeeping digital currencies directly. With a proven track record and unrivaled experience, Grayscale’s products operate within existing regulatory frameworks, creating secure and compliant exposure for investors. Grayscale products are distributed by Genesis Global Trading, Inc. (Member FINRA/SIPC, MSRB Registered). For more information, please visit grayscale.co and follow @Grayscale. CONTACT: press@grayscale.co

Grayscale Investments® Expands Leadership Team with C-Suite Hires

The firm names a new Chief Operating Officer, Chief Compliance Officer, and Chief People OfficerNew York, Feb. 16, 2021 (GLOBE NEWSWIRE) — Grayscale Investments®, the world’s largest digital currency asset manager, today announced the official appointment of three new C-suite hires: Hugh Ross as Chief Operating Officer, Benjamin Melnicki as Chief Compliance Officer, and Angela Romano Kuo as Chief People Officer. This announcement follows closely from the appointment of long-time Managing Director Michael Sonnenshein to CEO in January, and reflects the exponential growth of the firm from a $2B in AUM asset manager in Q1 of 2020 to AUM of over $37B currently. In anticipation of the ongoing growth in investor demand for the firm’s popular digital currency trust products, the firm is focused on aggressively expanding its ranks at all levels and across all functions, including sales, marketing, compliance, engineering, finance, and operations. “I could not be more excited to announce the addition of Hugh, Ben, and Angela to the Grayscale leadership team,” said Sonnenshein. “All three of them display the unique combination of qualities we most value at Grayscale: ambition, integrity, and professionalism in all that they do. They also bring incredible, market-leading experience from their respective fields that we will begin leveraging immediately.” Ross joins from Horizon Kinetics LLC, a NYC-based investment manager where he spent 12 years as COO and led the firm’s crypto-asset initiatives including a series of crypto-asset private investment funds and two operating companies dedicated to cryptocurrency mining. Prior to that he was a Vice President at Goldman Sachs where he served as COO of the long-only investment manager research team then-known as Global Manager Strategies (GMS), within Goldman Sachs Asset Management (GSAM), part of the firm’s Investment Management Division. Ross holds a BBA from Emory University and a JD from New York Law School. Melnicki joins from Ripple Labs, Inc. where he most recently served as its Americas Head of Regulatory Affairs and Regulatory Counsel responsible for advising the business and product teams on the regulatory implications of existing and prospective business activity. Prior to Ripple, he served as Global Regulatory Counsel to Blockchain.com and as CCO and Regulatory Counsel for Noble Bank International. He has also held senior roles at Bank of America Corporation and Cantor Fitzgerald. Melnicki holds a BBA from the University of Delaware and a JD from New York Law School. Kuo is a seasoned executive with experience building and scaling the People function at several high-growth companies including DevaCurl, VTS, FanDuel, SecondMarket, and TheLadders. Over the span of her 20+ year career, she has helped lead organizations through rapid expansion while focusing on making those organizations amazing places for both career and personal development. She is skilled in coaching, building and nurturing relationships, building teams, and creating environments that drive employee engagement and support professional growth. Kuo holds a BBA and MBA from Ohio Dominican University. Last year, Grayscale doubled its headcount, and a key focus under Sonnenshein’s CEO leadership is to heavily invest in people, alongside technology and the brand. Open positions at Grayscale Investments for interested candidates can be found here: https://boards.greenhouse.io/grayscaleinvestments About Grayscale Investments® Grayscale Investments is the world’s largest digital currency asset manager, with more than $37.8B in assets under management as of February 12, 2021. Through its family of investment products, Grayscale provides access and exposure to the digital currency asset class in the form of a traditional security without the challenges of buying, storing, and safekeeping digital currencies directly. With a proven track record and unrivaled experience, Grayscale’s products operate within existing regulatory frameworks, creating secure and compliant exposure for investors. For more information, please visit www.grayscale.co and follow @Grayscale. CONTACT: press@grayscale.co

A bitcoin ETF could finally come this year: Mike Novogratz

Long-considered the Holy Grail of retail crypto investment, a U.S.-listed bitcoin ETF may be on the horizon.

Grayscale® Ethereum Trust Announces Resumption of Private Placement

New York, Feb. 01, 2021 (GLOBE NEWSWIRE) — Grayscale Investments®, the world’s largest digital currency asset manager and sponsor of Grayscale® Ethereum Trust (OTCQX: ETHE) (the «Trust»), today announced that the Trust will resume the private placement of its Shares. The Trust’s private placement is offered on a periodic basis throughout the year and is now available to accredited investors for daily subscription.* The Trust is an SEC reporting company with its Shares registered pursuant to Section 12(g) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The Trust is solely and passively invested in Ethereum and was created for investors seeking exposure to Ethereum through a singular investment vehicle without the challenges of buying, storing, and safekeeping Ethereum directly. As of January 29, 2021, the Trust had more than $4 billion in assets under management (AUM) and each share of the Trust represents 0.01027553 Ethereum. The Trust’s investment objective is for the value of its Shares (based on Ethereum per Share) to reflect the value of Ethereum held by the Trust, less the Trust’s expenses and other liabilities. To date, the Trust has not met its investment objective and the Shares quoted on OTCQX have not reflected the value of Ethereum held by the Trust less the Trust’s expenses and other liabilities, but have instead traded at a substantial premium over such value. Following a six-month holding period, shareholders who invest in the private placement may elect to sell their Shares at prices dictated by the market under the symbol: ETHE. The Trust is an investment vehicle with Shares titled in the investor’s name, providing a familiar structure for financial and tax advisors and easy transferability to beneficiaries under estate laws. Additionally, Shares are eligible to be held in certain IRA, Roth IRA, and other brokerage and investor accounts. The private placement Shares have not been registered under the Securities Act of 1933, as amended (the «Securities Act») or any state securities laws, and the Shares are being offered pursuant to an exemption from registration provided by Rule 506(c) of Regulation D under the Securities Act and in reliance on similar exemptions under applicable state laws. An investment in the Shares of the Trust is suitable only for sophisticated, well-informed investors, and investors will be required to represent that they are accredited investors as such term is defined in Rule 501(a) of Regulation D under the Securities Act. As a result, the Shares are restricted shares and are subject to a six-month holding period in accordance with Rule 144 under the Securities Act. Because of the six-month holding period and the lack of an ongoing redemption program, Shares should not be purchased by any investor who is not willing and able to bear the risk of investment and lack of liquidity for at least six months. No assurances are given that after the six-month holding period, there will be any market for the resale of Shares, or, if there is such a market, as to the price at which such Shares may be sold into such a market. Qualified investors should refer to the Trust’s private placement memorandum, which is available from Grayscale at info@grayscale.co, for a discussion of these and other risks. For more information, please visit: https://grayscale.co/ethereum-trust/. *The Trust offers a private placement to accredited investors. The Trust does not currently operate a redemption program. This press release is not an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal, nor shall there be any sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. About Grayscale Investments® Grayscale Investments is the world’s largest digital currency asset manager, with more than $27.7B in assets under management as of January 29, 2021. Through its family of investment products, Grayscale provides access and exposure to the digital currency asset class in the form of a traditional security without the challenges of buying, storing, and safekeeping digital currencies directly. With a proven track record and unrivaled experience, Grayscale’s products operate within existing regulatory frameworks, creating secure and compliant exposure for investors. For more information, please visit www.grayscale.co and follow @Grayscale.

Grayscale Investments® Donates $1 Million to Coin Center and Pledges to Match Donations Up to an Additional $1 Million

Grayscale to carry on the commitment first initiated by Kraken in 2018 in support of leading crypto industry think tankNew York, Jan. 25, 2021 (GLOBE NEWSWIRE) — Grayscale Investments®, the world’s largest digital currency asset manager, today announced that it will be donating $1 million to Coin Center, the leading non-profit think tank focused on public policy affecting cryptocurrency networks. In addition, Grayscale has pledged to match donations to Coin Center of up to an additional $1 million through February 2021. This donate-and-match commitment was first initiated by Kraken in 2018, when its million dollar donation became Coin Center’s single largest contribution to date. The crypto community further took up Kraken’s pledge to match donations up to another million, allowing Coin Center to raise over $3 million that year. “Education is both a key challenge and opportunity for our industry today — educating our community, the public, and regulators,” said Jesse Powell, CEO of Kraken. “At the time, we wanted to show our support and gratitude for the work that Coin Center was doing on behalf of the cryptocurrency networks that firms like Kraken are built on. Today, their work is even more critical, so I am very pleased to see a leading firm like Grayscale Investments stepping in and taking the baton to continue what I hope will become a tradition of giving for our industry.” Coin Center works to inform policymakers and ensure that the government’s approach to cryptocurrencies is based on a sound understanding of the technology and respects individual rights of speech and privacy. Through producing and publishing research, educating policymakers, and engaging in advocacy, it hopes to preserve the freedom of cryptocurrency developers and users to continue pushing this technology forward. “There’s not been a better time to invest in the growth of this industry, following a year which saw cryptocurrencies becoming recognized as a bona fide asset class, enjoying the participation of the broader investment community and notable financial services institutions,” said Michael Sonnenshein, CEO of Grayscale Investments. “While it is the responsibility of blockchain and digital currency firms to support good policy-making in DC to drive this industry forward, it is in the interest of all users, developers, investors, and other market participants that regulators are properly informed about developments in this space.” The fundraising campaign will happen throughout the month of February, the proceeds of which will go toward Coin Center’s ongoing advocacy mission. “We’re grateful and humbled by this generous commitment from Grayscale and the ongoing commitment by so many other individuals and firms who support us,” said Jerry Brito, executive director of Coin Center. “We exist to ensure that there’s a voice in Washington for open, permissionless cryptocurrency networks, which are public goods from which everyone benefits. The funds we raise are crucial to helping our team do all we can in ensuring that the ecosystem continues to mature and grow.” In addition to supporting Coin Center, Grayscale Investments is a member and financial supporter of Blockchain Association, a digital currency trade association that focuses on promoting better policymaking for cryptocurrencies and blockchain networks. You can join the matching campaign and see who has already donated by visiting coincenter.org/matching. About Grayscale Investments® Grayscale Investments is the world’s largest digital currency asset manager, with more than $24.2B in assets under management as of January 22, 2021. Through its family of investment products, Grayscale provides access and exposure to the digital currency asset class in the form of a traditional security without the challenges of buying, storing, and safekeeping digital currencies directly. With a proven track record and unrivaled experience, Grayscale’s products operate within existing regulatory frameworks, creating secure and compliant exposure for investors. For more information, please visit www.grayscale.co and follow @Grayscale. About Coin Center Based in Washington, D.C., Coin Center is the leading non-profit research and advocacy center focused on the public policy issues facing cryptocurrency and decentralized computing technologies like Bitcoin and Ethereum. Their mission is to build a better understanding of these technologies and to promote a regulatory climate that preserves the freedom to innovate using permissionless blockchain technologies. They do this by producing and publishing policy research from respected academics and experts, educating policymakers and the media about blockchain technology, and by engaging in advocacy for sound public policy. CONTACT: press@grayscale.co

Investors Direct More Than $3 Billion to Grayscale Investments® in Q4 2020

Record-setting investments across Grayscale’s family of products reflected soaring demand and growing acceptance of digital currency asset class among financial institutionsNew York, Jan. 14, 2021 (GLOBE NEWSWIRE) — Grayscale Investments®, the world’s largest digital currency asset manager, today released its 4Q20 Grayscale Digital Asset Report, a comprehensive look at investment activity across Grayscale’s investment products in the quarter, as well as a summary of 2020 activity for the firm. Interest in Bitcoin investment products soared in 2020, with each consecutive quarter setting a new record for the firm’s inflows. In the final quarter of 2020, Grayscale raised $3.3 billion in total, more than tripling its previous record of $1.05 billion raised in 3Q20. Notably, Grayscale raised nearly $1 billion in the last week of December before the quarter closed. In 2020, Grayscale raised more than $5.7 billion across its family of investment products, more than four times the $1.2 billion cumulative inflows the firm received from its inception in 2013 through the end of 2019. While the firm began 2020 with $2.0 billion in assets under management, it now holds more than $24.7 billion in assets as of January 13, 2021, making it one of the fastest growing asset managers of all time. Institutional investors participated meaningfully in 4Q20, with 93% of capital inflows to Grayscale’s products coming from this segment of investors, encouraged by announcements from major corporations and influential investors supporting the asset class. Traditionally, this cohort comprised about 80% of Grayscale’s investor mix. The average commitment of institutions also rose dramatically, from an average of $2.9 million in 3Q20 to $6.8 million in 4Q20. Continuing past trends, Grayscale® Bitcoin Trust led investment demand with inflows of $2.8 billion in 4Q20. Demand for other Grayscale products reached record levels as well, up nearly 1,300% compared to 4Q19. In 2020, investors allocated $1.0 billion to products other than Grayscale Bitcoin Trust. The leader in this trend was Grayscale® Ethereum Trust, which saw $341.8 million in 4Q20 inflows, and $789.4 million across 2020. To read the entire 4Q20 Grayscale Digital Asset Investment Report, visit: https://gryscl.co/3qjAaaN Grayscale’s investment products are available to institutional and individual accredited investors through their respective periodic and ongoing private placements. Grayscale’s single-asset investment products provide exposure to Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Horizen (ZEN), Litecoin (LTC), Stellar Lumens (XLM), and Zcash (ZEC). Additionally, Grayscale’s diversified investment product, Grayscale® Digital Large Cap Fund, provides exposure to the top digital currencies by market capitalization. Additionally, secondary markets exist for six of Grayscale’s products as Grayscale® Bitcoin Trust (OTCQX: GBTC), Grayscale® Bitcoin Cash Trust (OTCQX: BCHG), Grayscale® Ethereum Trust (OTCQX: ETHE), Grayscale® Ethereum Classic Trust (OTCQX: ETCG), Grayscale® Litecoin Trust (OTCQX: LTCN) and Grayscale® Digital Large Cap Fund (OTCQX: GDLC) are publicly-quoted and available to all individual and institutional investors on the OTCQX® Best Market and other OTC Markets.* *Each Product offers a private placement to accredited investors. The investment objective of each Product is for its Shares (based on digital assets per Share) to reflect the value of digital assets held by such Product, less such Product’s expenses and other liabilities. Because each Product does not currently operate a redemption program, there can be no assurance that the value of such Product’s Shares will reflect the value of the assets held by such Product, less such Product’s expenses and other liabilities, and the Shares of such Product, if traded on any secondary market, may trade at a substantial premium over, or a substantial discount to, the value of the assets held by such Product, less such Product’s expenses and other liabilities, and such Product may be unable to meet its investment objective. This press release is not an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal, nor shall there be any sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. About Grayscale Investments® Grayscale Investments is the world’s largest digital currency asset manager, with more than $24.7B in assets under management as of January 13, 2021. Through its family of investment products, Grayscale provides access and exposure to the digital currency asset class in the form of a traditional security without the challenges of buying, storing, and safekeeping digital currencies directly. With a proven track record and unrivaled experience, Grayscale’s products operate within existing regulatory frameworks, creating secure and compliant exposure for investors. Grayscale products are distributed by Genesis Global Trading, Inc. (Member FINRA/SIPC, MSRB Registered). For more information, please visit www.grayscale.co and follow @Grayscale. CONTACT: press@grayscale.co

Grayscale Investments Commences Dissolution of Grayscale XRP Trust

Cash proceeds from the Trust’s liquidated XRP will be distributed to Trust shareholdersNew York, Jan. 13, 2021 (GLOBE NEWSWIRE) — Grayscale Investments, the world’s largest digital currency asset manager and sponsor (“Sponsor”) of Grayscale XRP Trust (XRP) (the “Trust”), announced that it has commenced dissolution of the Trust following the Securities and Exchange Commission’s December 22, 2020 decision to file a federal court action against certain third parties asserting that XRP is a “security” under federal securities law.In response to the SEC’s action, certain significant market participants have announced measures, including the delisting of XRP from major digital asset trading platforms, resulting in the Sponsor’s conclusion that it is likely to be increasingly difficult for U.S. investors, including the Trust, to convert XRP into U.S. dollars, and therefore continue the Trust’s operations.In connection with the dissolution, the Sponsor has liquidated the Trust’s XRP and intends to distribute the net cash proceeds to Trust shareholders, after deducting expenses and providing appropriate reserves and subject to any applicable withholding. The Trust will terminate following distribution of the net cash proceeds.About Grayscale Investments® Grayscale Investments is the world’s largest digital currency asset manager, with more than $20B in assets under management as of December 31, 2020. Through its family of 9 investment products, Grayscale provides access and exposure to the digital currency asset class in the form of a security without the challenges of buying, storing, and safekeeping digital currencies directly. With a proven track record and unrivaled experience, Grayscale’s products operate within existing regulatory frameworks, creating secure and compliant exposure for investors. Grayscale products are distributed by Genesis Global Trading, Inc. (Member FINRA/SIPC, MSRB Registered). For more information, please visit www.grayscale.co or follow us on Twitter, @Grayscale. CONTACT: press@grayscale.co

Grayscale Investments® Names Michael Sonnenshein Chief Executive Officer

The firm expects to double its staff size and launch multiple new products in 2021New York, Jan. 07, 2021 (GLOBE NEWSWIRE) — Grayscale Investments®, the world’s largest digital currency asset manager, today announced that Michael Sonnenshein has been named Chief Executive Officer. Sonnenshein has been with Grayscale for seven years and served in his previous role of Managing Director for three years. He succeeds Grayscale’s founder, Barry Silbert, and will assume the role immediately. Silbert will continue as Chief Executive Officer of Grayscale’s parent company, Digital Currency Group. “Grayscale has been at the vanguard of bringing digital currencies to the mainstream, and I could not be more proud of the results the team has achieved since the firm was founded,” said Silbert. “When Michael joined the firm seven years ago, we had one product and $60 million in assets under management. Today, investors from around the world can access 10 products, and the firm is managing more than $20 billion in assets. That accomplishment would not have been possible without Michael’s unrelenting passion for our business and his commitment to making the digital currency asset class available to a broader base of investors.” “Under Michael’s leadership, Grayscale has assembled a world-class team hailing from top financial institutions, earned capital allocations from some of the biggest names in the investment community, cultivated partnerships with best-in-class providers, and inspired the next generation of leaders in the digital currency industry. I am excited for Grayscale’s continued expansion and evolution in the years ahead,” added Silbert. As CEO, Sonnenshein will set the strategic direction of the firm, scale Grayscale’s business by investing in its people and operational capabilities, and expand the ability of investors to access the digital currency asset class. The firm expects to double its staff in 2021, as well as roll out multiple new products. These plans come on the heels of an extraordinary year for the firm, where its AUM grew from $2 billion at the start of 2020 to over $20 billion today — making it one of the fastest growing asset managers of all time. “Working at Grayscale over the last seven years has been a once-in-a-lifetime opportunity. I am extremely grateful for the honor to assume the Chief Executive position at the firm, and I thank Barry for his vision, leadership, and support,” said Sonnenshein. “What sets Grayscale apart is the exceptional professionalism, integrity, and ambition of the people who I am fortunate enough to work with every day. I am humbled to be at the helm of this talented group of leaders as we continue to grow Grayscale into a powerhouse firm not just among the digital currency industry, but within the global asset management community as a whole.” Sonnenshein joined Grayscale in 2014 as an Account Executive before being promoted to Director of Sales and Business Development. He served successfully in that role for three years before being named Managing Director in January 2018. Prior to Grayscale, he served in several roles at JPMorgan, Barclays, and Bank of America. This press release is not an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal, nor shall there be any sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. About Grayscale Investments® Grayscale Investments is the world’s largest digital currency asset manager, with more than $20B in assets under management as of December 31, 2020. Through its family of 10 investment products, Grayscale provides access and exposure to the digital currency asset class in the form of a security without the challenges of buying, storing, and safekeeping digital currencies directly. With a proven track record and unrivaled experience, Grayscale’s products operate within existing regulatory frameworks, creating secure and compliant exposure for investors. For more information, please visit www.grayscale.co or follow us on Twitter, @Grayscale. CONTACT: press@grayscale.co

Grayscale® Digital Large Cap Fund Announces Management Fee Reduction

New York, Dec. 21, 2020 (GLOBE NEWSWIRE) — Grayscale Investments, the world’s largest digital currency asset manager and manager of Grayscale® Digital Large Cap Fund (OTCQX: GDLC) (the Fund), today announced that the Fund will be reducing its management fee. Effective January 1, 2021, the manager’s fee will be lowered from 3.0% to 2.5%. Following a historic year for digital currencies, investors are seeking diversification not just into the asset class, but within it. In response to this growth in interest and demand, we’re taking action to deliver greater value to investors by reducing the management fee on one of our most popular products. The Fund enables investors to gain exposure to a market-cap weighted portfolio of large-cap digital currencies, including Bitcoin (BTC), Ethereum (ETH), XRP, Bitcoin Cash (BCH) and Litecoin (LTC),* through a singular investment vehicle without the challenges of buying, storing, and safekeeping digital currencies directly. Through a rules-based portfolio construction methodology, the Fund targets coverage of the upper 70% of the digital currency market and is re-evaluated each quarter; however, the weightings of each Fund Component change daily and are published around 4:00pm NY-time.** Investors can obtain real time visibility into the daily performance and composition of the Fund through the TradeBlock Grayscale Digital Large Cap Index (DLCX): https://tradeblock.com/markets/dlcx. “Grayscale has been the market leader for digital currency investment products since our inception, and we’re focused on bringing our clients products that provide access, transparency, and exposure, all supported by best-in-class service providers,” said Michael Sonnenshein, Managing Director of Grayscale Investments. “It is extremely important to us that as our industry continues to mature and grow, Grayscale continues to lead in client service and offerings.” The Fund’s investment objective is for its Shares to reflect the value of Fund Components held by the Fund, less its expenses and other liabilities. To date, the Fund has not met its investment objective and the Shares quoted on OTCQX have not reflected the value of Fund Components held by the Fund less, the Fund’s expenses and other liabilities, but have instead traded at a substantial premium over such value. The Fund is an investment vehicle with Shares titled in the investor’s name, providing a familiar structure for financial and tax advisors and easy transferability to beneficiaries under estate laws. Additionally, Shares are eligible to be held in certain IRA, Roth IRA, and other brokerage and investor accounts. For more information, please visit: https://grayscale.co/investors/. *As of December 18, 2020, the Fund Components were a basket of 79.9% Bitcoin (BTC), 13.1% Ethereum (ETH), 4.7% XRP, 1.1% Bitcoin Cash (BCH), and 1.2% Litecoin (LTC) and each Share represented 0.00047282 Bitcoin (BTC), 0.00273342 Ethereum (ETH), 1.09529544 XRP, 0.00047576 Bitcoin Cash (BCH), and 0.00154497 Litecoin (LTC). The Fund will not generate any income and regularly distributes Fund Components to pay for its ongoing expenses. Therefore, the amount of Fund Components represented by each Share gradually decreases over time.**The composition of the Fund is evaluated on a quarterly basis to remove existing Fund Components or to include new Fund Components in its portfolio, in accordance with the Fund’s construction criteria established by Grayscale. This press release is not an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal, nor shall there be any sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. About Grayscale Investments® Grayscale Investments is the world’s largest digital currency asset manager, with more than $15.5B in assets under management as of December 18, 2020. Through its family of 10 investment products, Grayscale provides access and exposure to the digital currency asset class in the form of a security without the challenges of buying, storing, and safekeeping digital currencies directly. With a proven track record and unrivaled experience, Grayscale’s products operate within existing regulatory frameworks, creating secure and compliant exposure for investors. For more information, please visit www.grayscale.co or follow us on Twitter, @Grayscale. CONTACT: press@grayscale.co

Grayscale Ethereum Trust Announces Share Split

New York, Dec. 02, 2020 (GLOBE NEWSWIRE) — Grayscale Investments®, the world’s largest digital currency asset manager and sponsor of Grayscale® Ethereum Trust (OTCQX: ETHE) (the “Trust”), today announced that it has declared a 9-for-1 split (the “Share Split”) of the Trust’s issued and outstanding common units of fractional undivided beneficial interest (“Shares”). With the Share Split, shareholders of record on December 14, 2020 (the “Record Date”) will receive 8 additional Shares of the Trust for each Share held.The Share Split will be effected on December 17, 2020 to shareholders of record as of the close of business on December 14, 2020. Following the Share Split, the Trust’s Shares will continue to be quoted on the OTCQX under the symbol “ETHE.”Based on the Trust having 29,502,100 Shares issued and outstanding and each Share representing ownership of 0.09284789 of one Ethereum token as of the date of this press release, immediately after effectiveness of the Share Split on December 17, 2020, the Trust would have 265,518,900 Shares issued and outstanding and each Share would represent ownership of 0.01031643 of one Ethereum token. The Trust may create new Shares after the date of this press release and up through the Record Date. Shareholders are not required to take any action to receive the Shares in connection with the Share Split and they will not be required to surrender or exchange their Shares in the Trust. The transfer agent will automatically issue the new Shares in the Share Split.The transfer agent for Shares of the Trust is Continental Stock Transfer & Trust Company. For questions relating to the transfer or mechanics of the Share Split, stockholders may contact Continental Stock Transfer & Trust Company, 1 State Street, 30th Floor, New York, NY 10004-1561, or by phone at: 800-509-5586 (Domestic callers) or 212-509-4000 (International callers). If Shares are held by a bank, broker or other nominee, stockholders should contact that institution directly.Shareholders contemplating a transaction in the Trust’s Shares between the Record Date and payment date should consult a broker regarding their entitlement to the Share Split.About Grayscale Investments® Grayscale Investments is the world’s largest digital currency asset manager, with more than $12.2B in assets under management as of November 30, 2020. Through its family of 10 investment products, Grayscale provides access and exposure to the digital currency asset class in the form of a security without the challenges of buying, storing, and safekeeping digital currencies directly. With a proven track record and unrivaled experience, Grayscale’s products operate within existing regulatory frameworks, creating secure and compliant exposure for investors. For more information, please visit www.grayscale.co or follow us on Twitter, @Grayscale. CONTACT: press@grayscale.co

Grayscale Investments Study Shows More than Half of U.S. Investor Survey Respondents Would Consider Investing in Bitcoin and 23% Already Have

Survey of 1,000 domestic investors looks at COVID-19 impacts, profile of the modern Bitcoin investor, and moreNew York, Oct. 27, 2020 (GLOBE NEWSWIRE) — Grayscale Investments, the world’s largest digital currency asset manager, today released its 2020 Bitcoin Investor Survey, the firm’s second annual review of investor perceptions, interests, and reservations about investing in Bitcoin. The study, conducted jointly by Grayscale and financial market research firm 8 Acre Perspective, revealed that, perhaps for the first time ever, more than half of U.S. investors (55%) would be interested in investing in Bitcoin, representing a potential U.S. market of nearly 32 million Bitcoin investor households.This marks a substantial increase in interest from 2019, when 36% of investors said they would consider a Bitcoin investment.The survey also showed how 2020 impacted both existing and potential Bitcoin investors: * Among existing Bitcoin investors, 83% bought in the last 12 months * About two thirds of Bitcoin investors who bought in the last four months said COVID-19 impacted their decision to invest * Among all respondents, including those who weren’t interested in Bitcoin, 39% said COVID-19 made Bitcoin more appealing, while just 13% said it made Bitcoin less appealing“This data makes it clear that investor interest in Bitcoin grew substantially in 2020. As investors become more familiar with Bitcoin and better understand the role it can play in a diversified portfolio, they are more likely to invest,” said Michael Sonnenshein, Managing Director at Grayscale Investments. “With Bitcoin increasingly being supported by mainstream names like PayPal, Square, MicroStrategy, and Paul Tudor Jones, we believe investor attitudes will continue to evolve toward greater acceptance of Bitcoin and the larger digital currency asset class.”Grayscale Investments commissioned this survey to better understand what motivates individuals to invest in Bitcoin, how the pandemic impacted interest in Bitcoin, and what headwinds still remain. The survey of 1,000 U.S. investors was conducted between June 26, 2020 and July 12, 2020.The full report is available for download here: https://gryscl.co/2HE9AZb.This press release is not an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal, nor shall there be any sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. About Grayscale Investments® Grayscale Investments is the world’s largest digital currency asset manager, with more than $7.3B in assets under management as of October 23, 2020. Through its family of 10 investment products, Grayscale provides access and exposure to the digital currency asset class in the form of a security without the challenges of buying, storing, and safekeeping digital currencies directly. With a proven track record and unrivaled experience, Grayscale’s products operate within existing regulatory frameworks, creating secure and compliant exposure for investors. For more information, please visit www.grayscale.co and follow @Grayscale. CONTACT: Press Contact press@grayscale.co

PayPal surges to record high after teasing crypto payments in 2021

Yahoo Finance’s Jared Blikre joins The Final Round to break down the details of PayPal’s jump into the crypto market, as bitcoin leaps to a 52-week high.

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