{"id":113431,"date":"2020-11-17T03:46:17","date_gmt":"2020-11-17T00:46:17","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/grayscale-now-holds-half-a-million-bitcoin\/"},"modified":"2020-11-17T03:46:17","modified_gmt":"2020-11-17T00:46:17","slug":"grayscale-now-holds-half-a-million-bitcoin","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/grayscale-now-holds-half-a-million-bitcoin\/","title":{"rendered":"# Grayscale now holds half a million Bitcoin"},"content":{"rendered":"<p>&#8220;<strong># Grayscale now holds half a million Bitcoin <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-5a136f3a>Cryptocurrency fund manager Grayscale Investments now holds more than 500,000 BTC in its Bitcoin Trust.\u00a0<\/p>\n<p>According to a Nov. 16 <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/twitter.com\/Grayscale\/status\/1328432925780701185?s=20\">post<\/a>, Grayscale now holds to $8.35 billion worth of Bitcoin\u2014 equating to 2.69% of Bitcoin\u2019s (BTC) outstanding supply and market cap. <\/p>\n<p>But with Chainalysis estimating that around <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/blog.chainalysis.com\/reports\/bitcoin-market-data-exchanges-trading\">3.7 million<\/a> BTC have been lost, Grayscale may actually now be in possession of 3.37% of Bitcoin\u2019s remaining circulating supply<\/p>\n<p><a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">App<\/a>ealing to institutional investors who are prepared to pay a premium to buy and hold cryptocurrency through the security of a regulated fund, shares in the Grayscale Bitcoin Trust currently represent $15.62 worth of Bitcoin each, yet change hands for $18.86. This equates to nearly a 19% premium. Grayscale also charges an annual fee of 2%.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Grayscale Bitcoin Trust now holds more than 500,000 <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a>. Yes, you read that right. Learn more about the world&#8217;s largest <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> investment product. <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/GoGrayscale?src=hash&amp;ref_src=twsrc%5Etfw\">#GoGrayscale<\/a> <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/t.co\/2sEpUdw8iN\">https:\/\/t.co\/2sEpUdw8iN<\/a> <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/t.co\/9h8nGZ8i4t\">pic.twitter.com\/9h8nGZ8i4t<\/a><\/p>\n<p>\u2014 Grayscale (@Grayscale) <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/twitter.com\/Grayscale\/status\/1328432925780701185?ref_src=twsrc%5Etfw\">November 16, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>The Grayscale Bitcoin Trust has aggressively accumulated Bitcoin during 2020, with the amount of BTC held by the fund increasing almost 50% in the past six months. That\u2019s a steep rise in 2020 for a fund that launched seven years ago and suggests snowballing institutional interest.<\/p>\n<p>Last week, the fund reported its largest-ever weekly in-flow, taking in 15,907 BTC worth $215 million.<\/p>\n<p>Grayscale\u2019s Ethereum Trust also ramped up its purchases during 2020, and now holds roughly $1.175 billion worth of Ether, or 2.24% of ETH\u2019s entire capitalization. <\/p>\n<p>Grayscale\u2019s eight other crypto funds currently manage nearly $400 million worth of assets, bringing the total value of digital assets managed by the firm to $9.9 million.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2020-11\/1c06c7eb-2212-49c6-acd5-21a2ff66f7d3.png\"><figcaption style=\"text-align: center;\">Grayscale\u2019s digital asset holdings: <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/twitter.com\/Grayscale\/status\/1328454361924689928\/photo\/1\">Grayscale<\/a><\/figcaption><\/figure>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener noreferrer\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/grayscale-now-has-half-a-million-bitcoin\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Grayscale now holds half a million Bitcoin &#8221; Cryptocurrency fund manager Grayscale Investments now holds more than 500,000 BTC in its Bitcoin Trust.\u00a0 According to a Nov. 16 post, Grayscale now holds to $8.35 billion worth of Bitcoin\u2014 equating to 2.69% of Bitcoin\u2019s (BTC) outstanding supply and market cap. But with Chainalysis estimating that&#8230;<\/p>\n","protected":false},"author":1,"featured_media":113432,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2020-11\/dfd9934c-2939-45a6-9237-749afdbd33d6.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74863,76550,75864,117],"class_list":["post-113431","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-cryptocurrencies","tag-grayscale","tag-supply","tag-business"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/113431","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=113431"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/113431\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/113432"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=113431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=113431"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=113431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}