Here are the brightest events in the blockchain industry that are scheduled for the coming months. They will help you to stay up-to-date with the newest developments.
Grayscale, an investment firm, purports that Bitcoin is a sensible hedge against the growing market fluctuation catalyzed by the US-China trade conflict.
Coinbase Custody will serve as the custodian for Grayscale’s single-asset investment products including digital currencies and publicly listed funds such as Grayscale Bitcoin Trust, Grayscale Ethereum Trust, and Grayscale Ethereum Classic Trust.
Just recently, Grayscale investments reported a record all-time high volume of assets under management. Grayscale’s assets under management now is worth approximately $2.7 billion.
Grayscale Investments’ Bitcoin Trust generates an appreciation YTD of 296%. This is an elevating growth as compared with established investments displayed in the Global Dow (12.9%) and S&P 500 (18.7%) over an equal time frame.
Grayscale has launched a new pro-bitcoin TV ad campaign urging investors to shun gold from their portfolio and replace it with bitcoin to avoid the debt cycle and hyperinflation challenges.
Saying that he believes in Bitcoin, Musk also explained why his companies are not yet involved in using and applying this technology.
Grayscale, the company that launched Bitcoin Investment Trust, launches new ‘Digital Large Cap Fund’. The Fund is tied to 5 top cryptocurrencies. Each digital asset will be evaluated, less the fund’s expenses and other liabilities.
Grayscale’s application for Bitcoin Investment Trust has recently been withdrawn by NYSE Arca exchange.