In recent months there’s been a growing number of questions around the possibility of a Bitcoin ETF in the US, and we’d like to take the opportunity to provide clarity and context on what such a development would mean at Grayscale and for Grayscale® Bitcoin Trust (Symbol: GBTC).
First and foremost we wish to make clear: we are 100% committed to converting GBTC into an ETF.
In 2013, Grayscale launched GBTC and pioneered the model of providing investors with exposure to digital assets in the form of a security without the challenges of buying, storing, and safekeeping digital assets.
Grayscale is committed to providing investors with a comprehensive suite of investment opportunities within the digital currency asset class. Digital asset protocols are emerging with differentiated use cases and value for investors. Given our role and mission to continue offering access and exposure to the digital asset ecosystem, we are constantly looking to expand our product family to match the investment community’s appetite for exposure to this growing asset class.
This is why we are proud to announce the introduction of five new single-asset digital currency trusts into the Grayscale family of products. …
The digital currency asset class has continued to experience record levels of interest in 2021. Grayscale has long been at the forefront of introducing investors to novel opportunities, and we’re always on the lookout for intriguing digital assets that could help us grow our family of investment products.
As we seek to create additional investment products that will help define the next step in our company’s journey, we want to share the assets we’re currently considering.
We’re very excited to announce that we’ve expanded the Grayscale leadership team with three new incredible individuals — Hugh Ross as Chief Operating Officer, Benjamin Melnicki as Chief Compliance Officer, and Angela Romano Kuo as Chief People Officer.
As set out in his letter to Grayscale stakeholders here, our CEO Michael Sonnenshein noted that he is focused on growing Grayscale by adhering to three principles: investing in our people, technology, and brand.
Since launching in 2015, Ethereum has garnered significant interest as the second-largest blockchain network. But even as the network has matured into a robust settlement layer for billions of dollars of peer-to-peer value transfer, investors often find it difficult to identify the investment case.
Ethereum similarly facilitates verification, but of a wider set of logic and information. In other words, Ethereum’s robust network ensures that applications run according to the logic that is encoded, without the need for third parties or without the possibility of interference. Ethereum creates an environment of trust, which is historically a prerequisite for prosperous trade.
At Grayscale Investments, we believe digital currencies and blockchain technology have the potential to make the world a fundamentally better place. These technologies, just a decade old, have spawned a new industry attracting the best and brightest in the world to tackle some of the toughest economic and social issues of our time. In many ways, the people working in this space aren’t just part of an industry, they are also part of a movement.
The release of our 4Q20 Grayscale Digital Asset Investment Report marks the end of a momentous and record-setting year for the digital currency asset class.
Each consecutive quarter in 2020 set new records for Grayscale Investments, and the final quarter took that trend to new heights. We raised $3.3 billion from investors last quarter, bringing our 2020 total fundraise to $5.7 billion.
To my team, and Grayscale’s investors, partners, and friends,
I am honored to be writing to you today as CEO of Grayscale Investments.
The creation of an entirely new asset class is what many would call a once-in-a-generation event, and in the case of digital currencies, I have been incredibly fortunate to have experienced not only their emergence, but also to be leading the firm trailblazing their introduction to investors.
I started my career at Grayscale as an Account Executive over seven years ago, relinquishing a path in traditional financial services to join Barry, who shared with me a vision…
As part of our annual reporting on investors’ interest in Bitcoin, we partnered with market intelligence firm 8 Acre Perspective to conduct an online survey of 1,000 U.S. investors between June 26, 2020 and July 12, 2020.
We also looked at how the ongoing COVID-19 pandemic and subsequent economic recessions have affected investors’ interest in Bitcoin and the role that financial advisors could play in getting more investors to adopt Bitcoin as part of their investment portfolio.
Importantly, interest in Bitcoin and awareness of the digital currency is up significantly from last year. More than half (55%) of U.S. …
Our 3Q20 Digital Asset Investment Report is now available. In our report, we highlight the investment activity across the Grayscale family of products during the third quarter of 2020.
Last quarter (2Q20), was a record quarter for capital raised into the Grayscale family of products. In 3Q20, Grayscale recorded over $1.0 billion in quarterly inflows, making it the third consecutive record-breaking quarter. Year-to-date investment into the Grayscale family of products has surpassed $2.4 billion, more than double the $1.2 billion cumulative inflow into the products from 2013–2019.