Weekly roundup: Ark Invest, Edge Wealth Management, and Rothschild Investment accumulate crypto
Cathie Wood’s Ark Invest purchased more than 450,000 GBTC shares in two separate buys this week.
Grayscale
Rothschild Investment Corp has increased its Bitcoin exposure by 300% since April
Rothschild Investment Corp has bought more Bitcoin and Ethereum exposure via Grayscale despite the ongoing crypto market retreat.
GBTC unlock edges closer as impact on Bitcoin price remains unclear
Contrary to JPMorgan’s analyst, the major GBTC unlock on July 18 might not put any downside risk on BTC’s spot price.
Bitcoin’s ‘biggest buyer’ is seemingly selling BTC, here’s why
Lyn Alden, the founder of Lyn Alden Investment Strategy company, a firm famous for providing market research to several individual investors and financial professionals and institutions, argued in a recent tweet that the demise of Grayscale’s neutral arbitrage trade has played a part in Bitcoin’s top.
The post Bitcoin’s ‘biggest buyer’ is seemingly selling BTC, here’s why appeared first on CryptoSlate.
Institutions turn bearish on ETH as record $50M exits Ether investment products
Ether investment products have suffered record outflows this past week, while Bitcoin flows have begun to stabilize.
GBTC discount presents a unique challenge for Grayscale and investors
The Grayscale Bitcoin Trust continues to trade at a discount compared to BTC, a situation that presents a unique challenge to Grayscale and investors.
Time Magazine names two crypto firms in Top 100 ‘most influential companies’ list
Digital Currency Group and Coinbase have made Time Magazine’s 2021 top 100 most influential companies list.
Rothschild Investment Corp snaps up quarter of a million shares in Grayscale ETH Trust
Rothschild Investment Corp, has acquired more than 250,000 shares in Grayscale’s ETH trust, and added 8000 shares to its BTC trust holdings — however the firm holds zero ties to the famed Rothschild family dynasty.
Grayscale tops $50 billion: ‘Will soon pass world’s largest commodity ETF’
Grayscale continues to grow, passing $50 billion. That’s equivalent to the world’s second-largest commodity ETF.
Bitcoin’s time has come: TIME magazine to hold BTC on balance sheet
TIME magazine has partnered up with Grayscale to drop a series of educational crypto videos, and has agreed to be paid in Bitcoin.
