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Cardano Added To Grayscale, As Development Continues On Alonzo Testnet

Cardano has been added to Grayscale Investments’ large-cap cryptocurrency fund and is now the third-largest asset in its investment portfolio after Bitcoin and Ether. Mainstream investors and finance is beginning to flood into Cardano. Well, actually institutional investors started pouring money into Cardano in May of this year. But now Grayscale Investments lead by Digital… Read More

Rothschild Investment Corporation Now Owns 30,454 Shares Of GBTC

According to its new SEC filing, financial services company Rothschild Investment Corporation now holds 30,454 shares of Grayscale Bitcoin Trust (GBTC) that allows institutional investors to get exposure to the world’s largest cryptocurrency by market cap without directly having to use a crypto wallet or exchange. BTC institutional watch: In a filing this morning with… Read More

Pension Funds Buying Bitcoin Driving Massive Growth, According To Grayscale

Grayscale CEO Michael Sonnenshein has stated pension funds are driving  Grayscale’s massive growth. Grayscale’s newly-named CEO Michael Sonnenshein told Bloomberg on Thursday that pension funds and endowments are investing actively into Grayscale’s funds, i.e., GBTC. Sonnenshein stated: “We’ve started to see participation not just from the hedge fund segment, which we’ve long seen participation from,… Read More

DeVere Group Panic Sold BTC in December For Profits As More Institutional Investors Jump Into Bitcoin

Nigel Green, the CEO of U.K.-based financial firm DeVere Group, has stated in a recent blog post that his company sold 50% of his bitcoin holdings over Christmas as Bitcoin reached new all-time highs. Meanwhile, other institutional investors Three Arrows Capital and Bitwise have doubled down on their investments into cryptocurrency with the latter seeing… Read More

JP Morgan Report Says Bitcoin Acting As “Alternative To Gold”

JP Morgan analysts recently published a brief report acknowledging Grayscale trends involving Bitcoin, stating the leading digital asset was acting as an “alternative to gold.” The analysts wrote that Grayscale’s October data, regarding its Grayscale Bitcoin Trust, suggests that BTC may be increasingly acting as an alternative to gold. Gold has long been recognized as… Read More

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