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Grayscale was the world's largest asset manager for digital currency, as of December 2021, with more than $50 billion in assets under management. [7] Grayscale also manages the Grayscale Bitcoin Investment Trust (OTCQX: GBTC), which was the first publicly quoted security solely invested in the price of bitcoin upon its launch in 2013. [3]
Grayscale was founded in 2013, launching a bitcoin trust that year. [4] In 2015, the company became a subsidiary of Digital Currency Group. [5] The same year, Grayscale Bitcoin Trust (OTCQX: GBTC) began trading over-the-counter on the OTCQX market, becoming the first publicly traded bitcoin fund in the United States.
They claim to have been the first OTC Bitcoin trading desk, launched in 2013. [4] Genesis acquired the London-based crypto asset custodian company Volt in early 2020. Grayscale Investments' crypto assets were held by Xapo, which Coinbase bought in 2019. After the Volt acquisition, Genesis moved its crypto custody from Coinbase to Grayscale. [5]
The Grayscale Bitcoin Trust ETF doesn't manage its Bitcoin assets for nothing. It charges a 1.5% expense ratio for its services. Additionally, the ETF buys Bitcoin continually, so it's essentially ...
When the brand-new Grayscale launched its Bitcoin trust in 2013, it offered something truly novel: a way for accredited investors to gain access to the cryptocurrency in the form of shares of ...
Digital Currency Group Inc (DCG), the parent company of Grayscale Investments, plans to purchase $250 million worth of shares in Grayscale Bitcoin Trust (OTCQX: GBTC). What Happened: In a press ...
Grayscale filed to list shares of a new investment product, the Grayscale Bitcoin Mini Trust, which will receive a certain amount of bitcoin held by GBTC. In exchange, current GBTC shareholders ...
The trust’s shares are now registered under the Exchange Act of 1934, making the Grayscale Bitcoin Trust the first cryptocurrency investment vehicle to become a reporting company.