Share this article

Grayscale Tells SEC Its Bitcoin Trust Rose $1.6B Over Six Months

Crypto investment firm Grayscale has told the SEC the dollar value of assets in its flagship bitcoin fund increased 90% to over $1.6 billion.

Updated Sep 14, 2021, 9:42 a.m. Published Aug 12, 2020, 10:50 a.m.

The total value of Grayscale's flagship Bitcoin Trust (GBTC) increased over $1.6 billion in the first six months of 2020.

STORY CONTINUES BELOW

Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters

By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy.

The New York-based crypto investment firm said the dollar value of total assets in GBTC went from $1.87 billion at the end of 2019 to $3.5 billion by the end of Q2 2020 – an increase of 90%.
The disclosure came in a quarterly report filed with the Securities and Exchange Commission (SEC) last Friday. GBTC was successfully registered with the regulator in January.
Grayscale is part of Digital Currency Group, CoinDesk's parent company.
Per the filing, the bitcoin held in GBTC increased by 125,531 to nearly 387,000, a $1.15 billion increase in value based on bitcoin's spot price on June 30.
The remaining increase came from the fact the bitcoin price moved from $7,200 on Dec. 31 to nearly $9,200 by the end of Q2.
Grayscale previously said Q2 2020 was its best quarters on record, having raised a total of $906 million from investors and bringing the total raised amount in H1 to $1.4 billion across its product range.
Inflows into GBTC came to $751 million in Q2.
GBTC's assets under management were worth $4.7 billion, according to Grayscale's website at press time.

Di più per voi

Solana CME Futures Fell Short of BTC and ETH Debuts, but There's a Catch

18 mar 2025

When adjusted for asset market capitalization SOL's relative futures volume looks better, K33 Research noted.

Cosa sapere:

Solana's SOL futures began trading on the Chicago Mercantile Exchange (CME) on Monday, with a notional daily volume of $12.3 million and $7.8 million in open interest, significantly lower than the debuts of bitcoin (BTC) and ether (ETH) futures.
Despite the seemingly lackluster debut, when adjusted to market value, SOL's first-day figures are more in line with BTC's and ETH's, according to K33 Research.
Despite the bearish market conditions, the launch of CME SOL futures offers new ways for institutions to manage their exposure to the token, said Joshua Lim of FalconX.