Latest news with #Grayscale
Arabian Post
5 days ago
- Business
- Arabian Post
Stock market information for Grayscale Investments LLC
Grayscale Investments LLC is a fund in the USA market. The price is 82.83 USD currently with a change of -1.33 USD from the previous close. The latest trade time is Monday, June 16, 17:15:21 +0530. Grayscale Expands Bitcoin Holdings with $1.05 B Investment Grayscale Investments has acquired an additional 10,100 BTC, spending approximately $1.05 billion at an average rate of $104,080 per coin, boosting its total holdings to 592,100 BTC, with an average acquisition price of roughly $70,666 per coin. This move aligns with the firm's year-to-date BTC return, which sits at 19.1 per cent. ADVERTISEMENT The company now holds Bitcoin valued at approximately $41.84 billion, underpinning its reputation as one of the world's largest institutional holders. Market watchers have noted that Grayscale's significant expansion at this price point reflects confidence in Bitcoin's current valuation and medium‑term outlook, even amidst broader cryptocurrency volatility. This accumulation comes as institutional appetite for Bitcoin evolves. Grayscale, which transformed its Bitcoin Trust into a spot ETF via its GBTC product, continues to command a substantial fee structure—1.5 per cent—that supports yearly revenues exceeding $268 million, despite competitors offering cheaper options. The premium yield underscores its established presence and the loyalty of seasoned investors bound by legacy holds, tax considerations and brand trust. Earlier this year, Grayscale launched the Bitcoin Mini Trust with a far lower fee of 0.15 per cent, explicitly targeting cost-sensitive investors. The mini‑trust currently holds around 43,572 BTC under management. Despite attracting inflows, its impact on Grayscale's total AUM remains modest relative to the flagship GBTC. Analysts suggest that Grayscale's dual‑product strategy allows it to hedge against fee‑driven outflows while maintaining revenue through GBTC's premium fee structure. Its sizeable Bitcoin accumulation adds weight to this approach. As one strategist remarked, institutional investors often exhibit inertia from legacy holdings and taxable events, making high‑fee products persistent revenue generators. This latest purchase follows Grayscale's broader pattern of capitalising on dips in Bitcoin price, reinforcing its average cost basis. With Bitcoin hovering near $105,000, this strategic buy expands holdings while keeping average cost significantly lower, positioning the firm favourably for market swings. The acquisition also contrasts with broader market behaviour. Other institutions, particularly newer spot ETFs like those from BlackRock and Fidelity, have recorded substantial inflows thanks to much lower fees—commonly around 0.25 per cent—but display less aggressive accumulation strategies. Their collective AUM exceeds $100 billion, yet individually their daily volume and yields trail Grayscale's monumental revenue draw. Grayscale's current average buy price—$70,666—reveals a long‑term investment horizon and deep conviction in Bitcoin's trajectory. This cost average gives Grayscale a comfortable buffer versus price dips, which in turn sustains its willingness to deepen its position at current price levels. As volatility returns to crypto markets, Grayscale's scale and cost discipline may offer smoother entry and exit tactics. Market responses to the latest move have been mixed. Proponents argue that institutional accumulation of this magnitude is bullish for sentiment and price stability. Critics caution that such centralised concentration exposes Grayscale to regulatory and enterprise risk. Regulatory scrutiny remains a key consideration. As one of the first and largest Bitcoin spot ETPs in the US, Grayscale continues to navigate evolving SEC policies, compliance obligations and heightened operational transparency. Its ability to sustain growth depends on navigating these frameworks while differentiating GBTC and BTC in a crowded ETF market.
Yahoo
7 days ago
- Business
- Yahoo
SOL Rebounds Toward $145 as 7 ETFs Advance and DeFi Dev Corp Eyes More SOL Purchases
Solana (SOL) SOL traded at $144.14 on June 14, down 2.06% over the past 24 hours, but showed resilience as long-term institutional activity offset retail-driven weakness. Price action remains pinned near the lower end of its recent $145–$149 consolidation zone, following a broader multi-day correction across crypto markets tied to rising geopolitical tension. Despite recent weakness, two major institutional developments suggest deepening engagement with the Solana ecosystem. First, Bloomberg's James Seyffart confirmed on Friday that this week that all seven spot Solana ETF issuers — i.e. including Fidelity, Grayscale, VanEck, 21Shares, Franklin, Bitwise and Canary Marinade —submitted updated S-1 filings with the SEC. Each filing now includes staking provisions, making them structurally aligned with solana's on-chain economics. Second, DeFi Development Corp, a Nasdaq-listed Solana treasury firm, announced on Thursday that it entered into a $5 billion equity line of credit (ELOC) agreement with RK Capital. The facility allows DeFi Dev Corp to issue shares gradually to fund additional SOL accumulation, rather than relying on a single, fixed-price offering. This follows a minor regulatory setback: on Wednesday, the company applied to the SEC for the withdrawal of registration statement on Form S-3. It said it wanted to withdraw a prior S-3 filing due to technical eligibility issues flagged by the SEC. The firm said it would file a resale registration statement in the future to raise the capital it needs. Despite the filing hiccup, the company emphasized its continued commitment to growing its SOL treasury, which currently holds over 609,190 tokens — valued at more than $97 million. CEO Joseph Onorati said in Thursday's press release that the new capital structure offers a 'clean, strategic path' to scale exposure while compounding validator yield. SOL's price appears to be stabilizing as these institutional tailwinds strengthen, even as retail activity remains subdued. Technical Analysis Highlights SOL traded in a 24-hour range of $4.57 (3.08%), from $144.13 to $148.70. Initial strength faded, with price drifting toward the $144 support level. Resistance remains firm near $149, while short-term rejection hit $145.78. High-volume selling occurred between 13:41–13:47 UTC, with a sharp drop from $145.95. A volume spike at 13:23 UTC aligned with the failed breakout. Whale accumulation continues below $146, though follow-through remains limited. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Yahoo
11-06-2025
- Business
- Yahoo
Solana's SOL Jumps 5% on Report of Spot ETF Development
Solana SOL surged 5% in after U.S. hours on Tuesday on a Blockworks report saying that U.S. regulators are moving forward in the regulatory process necessary to make spot SOL exchange-traded funds (ETF) reality. The U.S. Securities and Exchange Commission reportedly asked prospective issuers to amend their S-1 filings in the next week, according to the story, and will comment on the paperwork in the next 30 days after submission. SOL jumped above $164 in the minutes following the report, up nearly 5% over the past 24 hours. After the debut of bitcoin BTC and ether ETH spot ETFs in the U.S. last year, asset managers are racing to get regulatory approval to launch similar vehicles for smaller cryptocurrencies, offering traditional investors easier access to invest in digital assets. Several asset managers have filed applications with the SEC to launch funds holding SOL, including Fidelity, Grayscale, Franklin Templeton and VanEck. CoinDesk reached out to prospective issuers for confirmation but had not yet heard back at time of publication. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
02-06-2025
- Business
- Yahoo
Grayscale Wants in on Quantum Computing ETFs
Who says a crypto asset manager has to focus on crypto asset management? There's a world of possibilities out there, and one of the big crypto ETF issuers appears to be branching out. Grayscale filed on Thursday with the Securities and Exchange Commission for the Quantum Computing ETF. The Stamford, Connecticut-based firm started in the US ETF business in 2022 — and, thanks to the move of assets from its Bitcoin Trust to the spot bitcoin ETF it launched in 2024, temporarily had the biggest bitcoin ETF by assets. By August 2024, the significantly cheaper iShares Bitcoin Trust ETF surpassed it. Since then, Grayscale has been building out a line of ETFs with four focused solely on digital assets, two focused on income, two with equities exposure, one dedicated to bitcoin mining companies, and one to adopters of the digital asset. READ ALSO: BlackRock's 'Widow Maker' ETF Is Suddenly in High Demand and Nasdaq Wants to Wrap This $11.5B Altcoin in an ETF The proposed ETF, which is pending SEC approval but could launch by mid August, would be passively managed, tracking an index of companies 'producing proof-of-concept or commercialized quantum computing technologies' and makers of components enabling the technology, according to the prospectus. There is a lot of hype around quantum computing, which benefits from using both the wave and particle natures of matter, though the technology has not been developed in a mainstream capacity yet. It could improve upon the power of classical computers exponentially and make extraordinarily complex calculations in very short times. The technology could even pose a threat to crypto, as it could be used to break the security and gain access to wallets — something BlackRock recently warned investors about. Stop Being Disruptive: There are a handful of tech and artificial-intelligence-focused ETFs with exposure to quantum computing technology. But at least one ETF is already dedicated to the area: the $1.3 billion Defiance Quantum ETF, which launched in 2018. That fund has seen average annualized returns of 21% since inception, per Morningstar. 'It's performed very well,' said Bryan Armour, director of ETF and passive strategies research for North America. Even so, 'investors are pushing to get in early by virtue of the shift in first-mover advantage of new technologies … It's never as smooth as investors would think.' Armour cited examples of other high-flying technology investments that later sputtered, including: The internet (back when it was spelled with a capital 'I') and the dotcom bubble that led to the famous bust. One of the most disruptive technologies over the past century, commercial aviation, has long struggled with profitability, despite its popularity. Spot On: Grayscale is still primarily focused on digital assets. It, along with other firms, is waiting for decisions from the SEC on spot-price Solana and XRP ETFs that it has requested, for example. Whether the company intends to branch out in other ways is a question, but the firm didn't respond to a request for comment. 'Obviously crypto is its core competency, and it made most of its money by offering a private trust,' Armour said. Quantum computing, on the other hand, 'is not a core competency.' This post first appeared on The Daily Upside. To receive exclusive news and analysis of the rapidly evolving ETF landscape, built for advisors and capital allocators, subscribe to our free ETF Upside newsletter. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
02-06-2025
- Business
- Yahoo
Grayscale Wants in on Quantum Computing ETFs
Who says a crypto asset manager has to focus on crypto asset management? There's a world of possibilities out there, and one of the big crypto ETF issuers appears to be branching out. Grayscale filed on Thursday with the Securities and Exchange Commission for the Quantum Computing ETF. The Stamford, Connecticut-based firm started in the US ETF business in 2022 — and, thanks to the move of assets from its Bitcoin Trust to the spot bitcoin ETF it launched in 2024, temporarily had the biggest bitcoin ETF by assets. By August 2024, the significantly cheaper iShares Bitcoin Trust ETF surpassed it. Since then, Grayscale has been building out a line of ETFs with four focused solely on digital assets, two focused on income, two with equities exposure, one dedicated to bitcoin mining companies, and one to adopters of the digital asset. READ ALSO: BlackRock's 'Widow Maker' ETF Is Suddenly in High Demand and Nasdaq Wants to Wrap This $11.5B Altcoin in an ETF The proposed ETF, which is pending SEC approval but could launch by mid August, would be passively managed, tracking an index of companies 'producing proof-of-concept or commercialized quantum computing technologies' and makers of components enabling the technology, according to the prospectus. There is a lot of hype around quantum computing, which benefits from using both the wave and particle natures of matter, though the technology has not been developed in a mainstream capacity yet. It could improve upon the power of classical computers exponentially and make extraordinarily complex calculations in very short times. The technology could even pose a threat to crypto, as it could be used to break the security and gain access to wallets — something BlackRock recently warned investors about. Stop Being Disruptive: There are a handful of tech and artificial-intelligence-focused ETFs with exposure to quantum computing technology. But at least one ETF is already dedicated to the area: the $1.3 billion Defiance Quantum ETF, which launched in 2018. That fund has seen average annualized returns of 21% since inception, per Morningstar. 'It's performed very well,' said Bryan Armour, director of ETF and passive strategies research for North America. Even so, 'investors are pushing to get in early by virtue of the shift in first-mover advantage of new technologies … It's never as smooth as investors would think.' Armour cited examples of other high-flying technology investments that later sputtered, including: The internet (back when it was spelled with a capital 'I') and the dotcom bubble that led to the famous bust. One of the most disruptive technologies over the past century, commercial aviation, has long struggled with profitability, despite its popularity. Spot On: Grayscale is still primarily focused on digital assets. It, along with other firms, is waiting for decisions from the SEC on spot-price Solana and XRP ETFs that it has requested, for example. Whether the company intends to branch out in other ways is a question, but the firm didn't respond to a request for comment. 'Obviously crypto is its core competency, and it made most of its money by offering a private trust,' Armour said. Quantum computing, on the other hand, 'is not a core competency.' This post first appeared on The Daily Upside. To receive exclusive news and analysis of the rapidly evolving ETF landscape, built for advisors and capital allocators, subscribe to our free ETF Upside newsletter. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
