The tie-up also involves “educational seminars on cryptocurrencies for Giants personnel.”
GBTC has been trading at a discount for several months in the face of rising competition and the prospect of a bitcoin ETF being approved in the U.S. this year.
The digital asset manager added large numbers of altcoins to its holdings including horizen and livepeer.
The asset manager disclosed Thursday its shares in the Ethereum trust were worth $4.75 million as of March 31.
The investment comes a little over a week after Grayscale confirmed that it would convert GBTC into an ETF.
Someone appears to have gone to odd lengths to impersonate digital asset manager Grayscale Investments, possibly in an effort to drive up the prices of two lesser-known cryptocurrencies. To be clear: Grayscale said it has no intention of creating a financial instrument around nahmii, an Ethereum scaling project, or theta, a video platform. Nevertheless, there […]
The native token of decentralized oracle network Chainlink fills the void left in the fund after the removal of XRP.
The filing incorrectly gave the appearance that the world's largest digital asset manager was considering a trust based on the Nahmi project's token as a future offering.
In a blog post, the world's largest digital asset manager, confirmed its intent to offer an ETF.
The crypto markets data company said ETFs would solve the problem.
The firm had filed for the trusts in Delaware in late January.
Grayscale's competitive moat is shrinking as rival offerings attract investor money, amid speculation the SEC might be moving to approve a bitcoin ETF.
Earlier today, the investment manager’s parent company, Digital Currency Group, said it authorized the purchase of GBTC shares.
The blockchain investment firm said it will buy the GBTC shares on the open market.
Nine new job postings indicate Grayscale is considering joining the race to win the SEC’s first bitcoin ETF approval.