Grayscale Bitcoin Trust (Btc) OTCMKTS: GBTC is the world’s largest digital currency asset manager, with a proven track record and unrivaled experience. We give investors the tools to make informed investing decisions in a burgeoning asset class. As part of Digital Currency Group, Grayscale accesses the world’s biggest network of digital currency intelligence to build better investment products. We have removed the barrier to entry so that institutions and investors can benefit from exposure to digital currencies. Now, forward-thinking investors can embrace a digital future within an institutional grade investment.
Grayscale Bitcoin depicts a promising future due its industry potential. Cryptocurrencies are experiencing a rise in price again, with bitcoin reaching its 400 millionth transaction recently. From a recent Independent article; “Around 350,000 transactions take place every day across its (meaning bitcoin’s) decentralised blockchain, with many of these transactions currently passing through China where the majority of bitcoin mining operations are located, however this may soon be about to change. The country’s economic planning agency announced this week that it is considering a ban on bitcoin mining – the process of generating new units of the cryptocurrency by providing the computing power needed to confirm transactions. If implemented, the ban would have a significant impact on the bitcoin network and potentially even the price of bitcoin, with analysts suggesting it could cause further price rises.”
“It’s more likely to push bitcoin prices up than down,” market analyst Mati Greenspan told The Independent this week. “The loss of cheap Chinese electricity would raise the mining cost, which is net positive on price.”
This is good news for cryptocurrencies like Bitcoin and Ethereum, as well the US crypto-mining companies looking to fill the void China will leave.
Bitcoin continued to be the most dominant digital currency for Grayscale investors. In the fourth quarter, 88% of all capital inflows went into Grayscale Bitcoin Trust™ (OTCQX: GBTC). Notably, institutional investors accounted for 66% of all new investment dollars in 2018, despite the broad-based price reduction across digital currencies.
On February 14th, 2019 the company made a major headline whhen it released its 2018 Grayscale Digital Asset Investment Report, a comprehensive report that highlights investment activity across the Grayscale family of products in 2018. Grayscale raised $359.5 million into its single-asset and diversified investment products, marking the strongest fundraising year in Grayscale’s history and nearly three times more capital than was raised in 2017.
Bitcoin continued to be the most dominant digital currency for Grayscale investors. In the fourth quarter, 88% of all capital inflows went into Grayscale Bitcoin Trust™ (OTCQX: GBTC). Throughout 2018, Bitcoin accounted for $242 million of the capital raised from Grayscale investors.
Notably, institutional investors accounted for 66% of all new investment dollars in 2018, despite the broad-based price reduction across digital currencies.
Grayscale sponsors nine single-asset investment products that provide exposure to Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Horizen (ZEN), Litecoin (LTC), XRP, Stellar Lumens (XLM), and Zcash (ZEC). In 2018, Grayscale introduced its first diversified investment product, Digital Large Cap Fund™, which provides exposure to the top digital currencies by market cap.
Grayscale’s investment products are available to institutional and accredited individual investors. Grayscale Bitcoin Trust™ (OTCQX: GBTC) and Grayscale Ethereum Classic Trust™ (OTCQX: ETCG) are also publicly quoted and available to all individual and institutional investors on the OTCQX® Best Market. As of December 31, 2018, the firm managed approximately $825 million in assets.
Grayscale is a wholly-owned subsidiary of Digital Currency Group, which builds, buys, and invests in more than 140 bitcoin and blockchain companies around the world.
On January 17th, 2019 the company announced it has launched Grayscale Stellar Lumens Trust, the first single-asset investment product that provides exposure to Lumens (XLM), the native asset of the Stellar network. This is the ninth single-asset investment product introduced by Grayscale, which also manages Grayscale Digital Large Cap Fund™, a diversified investment product that provides exposure to the top digital currencies by market cap.