The megabank is positioning itself to take an active role across the bitcoin markets.
Genesis is cutting bitcoin deposit rates effective Thursday, following BlockFi's reduction last week.
Sonnenshein thinks U.S. regulators aren't ready to approve a bitcoin ETF yet.
Altshuler Shaham made the investment in GBTC in the second half of last year, when bitcoin was trading at around $21,000.
Nine new job postings indicate Grayscale is considering joining the race to win the SEC’s first bitcoin ETF approval.
The gap between the GBTC share price and the implied price of the underlying bitcoin has collapsed to a 4% discount from a 35% premium late last year.
Even with the increase in AUM, average ETP volumes in February dropped 37.8% to $936 million.
Cathie Wood's asset manager significantly boosted its stake in the Grayscale Bitcoin Investment Trust.
The disclosure comes as BlockFi prepares to launch a competitor bitcoin trust product.
Guggenheim Partners is part of the next wave of institutional investment firms looking to step into Bitcoin.
The manager of $1.4 billion first bought bitcoin trust shares in 2017.
The sell-off also led to major corrections for other cryptocurrencies including ether, stellar, xrp and chainlink.
A bearish outlook may be triggered if bitcoin doesn't claw its way back over $40,000, the analysts said.
In Q4 2020, the company raised $3.3 billion across its cryptocurrency investment vehicles.
The digital asset manager held $19 billion in assets under management as of Monday, up from last week's $16.4 billion.