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Grayscale Bitcoin Trust (GBTC) files SEC registration, transitioning to NYSE Arca listing amid ongoing market volatility and evolving digital asset landscape. (Read More)
BlackRock, ARK 21Shares and Fidelitys Bitcoin products led the way with $499 million, $289.5 million and $206.1 million in inflows, respectively.
Crypto asset manager Grayscale has published an in-depth report outlining sectors poised for bullish growth in the final quarter of the year amid a notable recovery in the cryptocurrency market, particularly for major players such as Bitcoin (BTC) and various altcoins, which have reached price levels not seen in over two months. Grayscale Highlights Key Trends In Crypto In its Thursday report, Grayscale updated its Crypto Sectors Indexes, showcasing emerging themes within the digital asset industry. Key trends include the rise of decentralized artificial intelligence (AI) platforms, efforts to tokenize traditional assets, and the growing popularity of memecoins. Notably, Bitcoin and the cryptocurrency sector have outperformed other market segments in 2024, likely due to the successful launch of spot Bitcoin exchange-traded products (ETPs) in the US earlier this year and favorable macroeconomic conditions following the Federal Reserve’s (Fed) interest rate cut on 18 September. Related Reading: Altcoin Market Cap Surges Past 200-Day EMA: Is Altseason Finally Here? While gaining 13% this year, Ethereum has underperformed Bitcoin but still surpassed many other cryptocurrencies. Grayscale’s Crypto Sectors Market Index (CSMI) has seen a slight decline of about 1% year-to-date, with the Smart Contract Platforms Crypto Sector Index down approximately 11%, making Ethereums performance relatively stronger than its peers. Despite its challenges, the asset manager finds that Ethereum remains the Smart Contract Platforms sector leader, boasting the highest number of applications, developers, and fee revenue. Top 20 Cryptocurrencies For Upcoming Quarter In producing its quarterly Top 20 list of cryptocurrencies, Grayscale thoroughly analyzes hundreds of digital assets. This list represents a diversified selection of assets with high potential for the upcoming quarter. Among those highlighted by the firm are standout performers such as Sui (SUI), Bittensor (TAO), Optimism (OP), Helium (HNT), Celo (CELO) and the UMA Protocol (UMA). However, below is the full list with other assets beyond these to which Grayscale pays particular attention. Sui, a third-generation blockchain created by former Meta engineers, has made waves following a recent network upgrade that enhanced its transaction speed by 80%, surpassing Solanas capabilities. Optimism, an Ethereum Layer 2 solution, plays a critical role in scaling the Ethereum network. It has developed a framework called the Superchain, which is utilized by platforms like Coinbases Layer 2 BASE. Celo and UMA are capitalizing on unique trends, with Celo focusing on stablecoin use and payment solutions in developing regions, particularly in Africa. The platform recently surpassed Tron in stablecoin usage, while UMA serves as an oracle network for decentralized applications like Polymarket. Related Reading: MicroStrategys Bitcoin Bet Pays Off In Multiple Ways As Stock Surges 317% Helium’s inclusion in the Top 20 reflects Grayscale’s preference for category leaders with sustainable revenue models. The project has established itself as a leader in decentralized physical infrastructure networks (DePIN), growing its network to over one million hotspots and generating significant fee revenues. Bittensor, which focuses on the intersection of AI and crypto, has recently gained recognition within Grayscale’s framework due to improvements in market structure, offering a decentralized platform for AI innovation. In this quarters adjustments, Grayscale has rotated out several assets, including Render, Mantle, ThorChain, Pendle, Illuvium, and Raydium. While Grayscale sees value in these projects, the revised Top 20 list aims to offer more compelling risk-adjusted returns for investors in the coming months. At the time of writing, the biggest winner across all time frames in Grayscale’s top 20 list is Bittensor’s TAO token, which has seen gains of 86% over the fourteen-day time frame and a substantial 841% year-to-date, resulting in a current trading price of $536. Featured image from DALL-E, chart from TradingView.com
Cryptocurrency ETFs saw inflows exceeding $20 billion in 2024, according to Morningstar.
Grayscale's latest research report delves into the crypto market trends for Q4 2024, analyzing the performance of digital assets and the impact on GBTC. (Read More)
Ethereum (ETH) exchange-traded funds (ETFs) posted the largest outflows since July 2024, with $79.2 million leaving the market on Monday, according to data from SoSoValue. Ethereum ETFs Continue To Underperform Despite the highly-anticipated and strong start for Ethereum ETFs in July 2024, the latest crypto-based ETFs have, thus far, failed to sustain institutional interest. The [...]
The post Ethereum ETFs See Largest Outflows Since July: Is Waning Institutional Demand Hurting ETH? appeared first on Crypto Breaking News.
Sui has seen a more than 44% spike in price in the past week and 65% in 30 days. Gains come after the Grayscale Sui Trust opened for accredited investors. The SUI network’s total value locked has surpassed $1.34 billion. SUI price has surged by more than 44% in the past week to trade above […]
The post SUI price surges as TVL hits $1.3 billion appeared first on CoinJournal.
Grayscale’s XRP trust has grown noticeably since launch, a development which spells positive momentum for the digital asset. As one of the leading cryptocurrency asset managers in the world, Grayscale’s decision to unveil the first XRP trust in the US last week signaled the beginning of an institutional influx of funds into the cryptocurrency. Since its [...]
The post Grayscale XRP Trust Surges 11.44% One Week After Launch, Heres The Catalyst appeared first on Crypto Breaking News.
Grayscale's announcement came earlier this week and brought some excitement for the XRP army.
SUI outperforms the bulk of the crypto market with a strong double-digit gain, but is the rally sustainable?
Grayscale has introduced a new crypto investment trust fund for XRP, according to a Sept. 12 statement. Following the news, XRP’s value surged by 8%, reaching a multi-week high of $0.58, according to CryptoSlate’s data. XRP Trust The firm stated that the XRP Trust operates similarly to its other single-asset investment trusts, focusing exclusively on […]
The post Grayscale’s XRP trust launch ignites 8% increase and ETF speculation appeared first on CryptoSlate.
Grayscale XRP Trust could potentially pave the way for an XRP ETF, subject to approval by the US Securities and Exchange Commission.
Grayscale's launch of the first XRP trust in the US could pave the way for future ETF conversions, impacting accredited investor access and regulatory dynamics.
The post Grayscale rolls out XRP trust in the US appeared first on Crypto Briefing.
Grayscale’s launch of SUI Trust has boosted SUI price by over 16% to above $1. The new Grayscale trust provides institutional investors with a new entry point into SUI. Institutional endorsements are increasingly influencing cryptocurrency valuations. Grayscale, a prominent cryptocurrency asset management firm, has announced the launch of its Grayscale SUI Trust. The new Grayscale […]
The post Grayscale introduces Grayscale SUI Trust, boosting SUI price appeared first on CoinJournal.
Grayscale analysts predict crypto prices could rise in the coming months despite recent market volatility.
MIAX, the Miami International Securities Exchange, just withdrew its application for options trading on spot Bitcoin ETFs.…
Grayscale's latest market commentary highlights the impact of late summer storms on market volatility, as reported on August 8, 2024. (Read More)
Grayscale Investments has expanded its portfolio with two new offerings: the Grayscale Bittensor Trust and the Grayscale Sui…
Leading crypto asset manager Grayscale has introduced investment funds for popular digital tokens Bittensor (TAO) and Sui (SUI), coinciding with…
The post Grayscale Launches Two New Crypto Products as Morgan Stanley Begins Offering Bitcoin ETFs to Clients first appeared on The Crypto Basic.
Grayscale has introduced two new crypto investment trusts, focusing on the Sui blockchain and the decentralized AI network Bittensor, according to an Aug. 7 statement. The Grayscale Bittensor Trust will invest in Bittensor’s native TAO token, while the Grayscale Sui Trust will focus exclusively on Sui’s SUI token. Rayhaneh Sharif-Askary, Grayscale’s Head of Product & […]
The post Grayscale adds Sui and Bittensor trusts to its crypto product suite appeared first on CryptoSlate.
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