• Markets
  • Crypto
  • Web3
  • Culture
  • Opinion
  • Politics
Subscribe
  • Login
  • Register
No Result
View All Result
  • Markets
  • Crypto
  • Web3
  • Culture
  • Opinion
  • Politics
No Result
View All Result
No Result
View All Result

GrayScale Bought $1.3 Billion Bitcoin

22/01/2021 13:39
No comments
Bitcoin hodl art, Jan 2021

GrayScale has had its most successful week yet, buying close to $1.3 billion bitcoin, up considerably from $500 million a week during December.

“The Trust issued 37,036,200 Shares… for an aggregate of 35,159.01978857 Bitcoins representing $1,276,147,151,” they said. “As a result, there are 675,942,800 Shares issued and outstanding as of January 20, 2021,” with each share worth 0.001 bitcoin.

That makes this one of the biggest bitcoin holder on behalf of sophisticated investors who appear to be increasing their position.

That is shown also by bitcoin addresses with more than 1,000 BTC which have seen an increase, suggesting smart money is accumulating.

Soon they might be doing so on an ETF as the new SEC chair, Gary Gensler, is widely considered to be friendly to cryptos.

While the new Treasury Secretary, Janet Yellen, said it is “important we consider the benefits of cryptocurrencies and other digital assets, and the potential they have to improve the efficiency of the financial system.”

Meanwhile the bitcoin ETF in Canada nears $1 billion, with Europe’s Xetra stock exchange seeing some $600 million in bitcoin assets traded there.

All of it so opening the way for more traditional investors to enter the space, with GrayScale leading so far at an accelerating speed.

Related Posts

MicroStrategy HQ

MicroStrategy Increased Bitcoin Holdings

Backed Finance tokenizing stocks, Feb 2023

BlackRock ETF Tokenized on Uniswap

Nationwide Restricts Payments to Binance

Bitcoin Struggles to Keep $24,000

Load More
  • Trending
  • Comments
  • Latest
Backed Finance tokenizing stocks, Feb 2023

BlackRock ETF Tokenized on Uniswap

HSBC's HQ at Canary Wharf in London

HSBC Looks to Expand to Crypto

Fed's balance sheet, Jan 2023

Fed Burns Half a Trillion

Investors cash levels reach all time high, Jan 2023

Investors Are Sitting on $5 Trillion

MicroStrategy HQ

MicroStrategy Increased Bitcoin Holdings

Backed Finance tokenizing stocks, Feb 2023

BlackRock ETF Tokenized on Uniswap

A Nationwide bank branch

Nationwide Restricts Payments to Binance

BTC/USD, Feb 2023

Bitcoin Struggles to Keep $24,000

Comments

Latest News

  • MicroStrategy Increased Bitcoin Holdings
  • BlackRock ETF Tokenized on Uniswap
  • Nationwide Restricts Payments to Binance

About Trustnodes

Terms of Service

Privacy Policy

Our Ethics and Values

Trustnodes Newsletter

(You have to be a paid subscriber)

Trustnodes © 2017-2023. All Rights Fully Reserved. For any Enquiries contact@trustnodes.com RSS Feed

No Result
View All Result
  • Login
  • Sign Up
  • Cart
  • Markets
  • Crypto
  • Web3
  • Culture
  • Opinion
  • Politics

Trustnodes © 2017-2023. All Rights Fully Reserved. For any Enquiries contact@trustnodes.com RSS Feed

Welcome Back!

Login to your account below

Authenticate with MetaMask Loading...

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?