This multibillion-dollar crypto fund purchased over $140 million worth of Ethereum in 2020BTC $7774 (+1.6%) • ETH $196 (-0.2%) • XRP $0.20 (+0.2%)
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Grayscale Investments, the investment arm of Digital Currency Group, has picked up a majority of all ether mined in 2020. The metric indicates massive institutional interest in Ethereum, which is soon moving to a Proof-of-Stake protocol. Grayscale’s “Ethereum Trust” fund handles over $284 million in an index fund offered to institutional investors that track Ethereum’s long-term price movements while protecting against volatile drawdowns. As per documents published on its site, Grayscale purchased approximately 756,540 ETH in 2020, a figure representing over 40 percent of all ether mined this year. The remaining 1.5 million ether are held by miners or crypto exchanges, assuming no ether was sold to retail investors. More news ⏬Cardano founder Charles Hoskinson: Bitcoin (BTC) is an example of low development velocity
Charles Hoskinson, the CEO of Cardano (ADA) parent IOHK, went to YouTube to answer questions regarding the recent launch of the Daedalus wallet and the current state of the Cardano network. Analyst: this statistical model says there’s a 75% chance Bitcoin rallies even higher next week
Yes, the price of Bitcoin may have stalled over the past three days, stagnating around $7,500, but the cryptocurrency is still decisively bullish from a macro perspective, analysts say. Even after 94% crash, analyst warns XRP may not ever rally again: here’s why
Ever since the highs of the 2017-2018 bull market, XRP has not done too well. The third-largest cryptocurrency by market capitalization, per data from TradingView.com, has collapsed by more than 94 percent from its all-time high around $3.40. A popular pricing model estimates that Bitcoin will reach new all-time highs this year
One particular pricing model, which has gained popularity over the years after accurately predicting the price of Bitcoin, estimates that the flagship cryptocurrency is going to go ballistic after the upcoming halving. After 90% crash, Ethereum just printed a major cycle bottom: fund manager
Believe it or not, there was a time when a single Ethereum traded for over 0.10 BTC, meaning that you could sell a mere handful of the altcoin and obtain a whole Bitcoin as a result. What else?⛏ After Bitmain and Canaan, Bitcoin miner Ebang is latest to plan $100 million IPO 📉 On-chain data: Chainlink (LINK) is vulnerable to stark drop after 150% rally ✌️ As Bakkt’s second CEO exits firm, questions rise about the hyped Bitcoin “catalyst” Featured sponsors🎬 ChainFlix - ChainFlix is a revolutionary blockchain-based P2P video streaming platform that allows viewers, content creators, and enhancers to monetize their time, contents, and efforts. In the Chainflix platform, coins are to be mined during the video-viewing process, and all participants in the system (content creators and activators, storage providers, viewers, operation participants and advertisers) are organically connected in a way to ensure user-oriented operation and fair distribution of blockchain-based and PoA algorithm-mined coins among the participants. Learn more ☁️ Bitcoin Wallet - Bitcoin Wallet is a cloud-based mobile and desktop cryptocurrency storage and exchange app with a focus on security, speed and convenience. Bitcoin Wallet allows you to use any coins, tokens and blockchains without any restrictions and limits. Learn more 💳 Crypto.com - Founded in 2016 on a simple belief: it’s a basic human right for everyone to control their money, data and identity. With over 1 million users on its platform today, Crypto.com provides a powerful alternative to traditional financial services, turning its vision of ”cryptocurrency in every wallet” into reality, one customer at a time. Learn more 📈 AMFEIX - AMFEIX groups investors' funds into a pool that is managed by experienced traders on liquid exchanges. Our team of professional technical traders and analysts execute open market operations on a daily basis and make profits from the volatility. Learn more Want to be seen here? Contact us Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article.
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This multibillion-dollar crypto fund purchased over $140 million worth of Ethereum in 2020