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Grayscale Added Nearly $1B in Crypto in 24 Hours

Grayscale Added Nearly $1B in Crypto in 24 Hours



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24 Comments

  1. Am I the only one that thinks Greyscale products are going to get hurt once US based ETFs come out. If an ETF can have better price parity with crypto, why would anyone purchase a Greyscale fund?

    Also, why would people invest at NAV with Greyscale when they can see the assets are selling at a discount on the secondary market?

  2. I look forward to greater adoption for Crypto when it’s not seen simply as an investment vehicle. Obviously that goes hand in hand with adoption with the other half of the word (currency) but looking forward to that major shift.

  3. Me too, we were at the same meeting actually and I threw in my $100 at the table. I’ve never been escorted out of a building faster, but that’s probably because they were in a hurry to invest the funds.

  4. Sold my (IRA) gbtc on 3/10 @ 55.01. So far, very glad I did. May grab some back if it drops much more. It would get a nice pop if it coverts to an ETF and the NAV discount disappears.

  5. Reading thru all the comments here, all of you have just been punk’d, and you didn’t even do research to see if it was true before you hopped on the comment bandwagon.

    Grayscale is closed to new Bitcoin investment. They did not purchase ANY BTC.

    The price went up on the shares they have, so the assets under management went up.

    Do your research.

    [https://grayscale.com/products/grayscale-bitcoin-trust/](https://grayscale.com/products/grayscale-bitcoin-trust/#market-performance)

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