Bitcoin
$43,064.19+0.00%
Ethereum
$2,985-1.94%
XRP
$0.935083-0.33%
Cardano
$2.17-1.52%
Polkadot
$28.10-1.73%
Stellar
$0.269232-1.98%
Dogecoin
$0.201833-1.01%
Chainlink
$23.47-3.97%
Uniswap
$22.71-3.41%
Algorand
$1.72-0.44%
Polygon
$1.10-1.85%
Cosmos
$37.69-3.99%
Litecoin
$147.97-1.12%
Bitcoin Cash
$496.39-0.77%
Wrapped Bitcoin
$43,031.21-0.03%
The Graph
$0.674261+0.53%
Filecoin
$60.79+9.15%
Tron
$0.087854+0.81%
Ethereum Classic
$46.25-1.27%
Tezos
$6.15-6.20%
Aave
$277.45-4.52%
Monero
$238.74+3.17%
NEO
$38.11-1.00%
EOS
$3.90-1.19%
IOTA
$1.15-2.18%
BitTorrent
$0.003151-0.73%
Bitcoin SV
$129.28+0.32%
Waves
$23.11-2.27%
Maker
$2,284.37-2.25%
Dash
$156.89-2.19%
Decentraland
$0.673861-4.32%
Decred
$108.25-4.16%
ICON
$1.53-5.68%
OmiseGO
$9.55+6.88%
NEM
$0.143588-1.52%
Zcash
$106.68-3.28%
Paxos Standard
$0.991586-1.59%
Yearn Finance
$29,296.52-3.26%
Ren
$1.04-8.71%
NuCypher
$0.266982-2.38%
Qtum
$9.43+0.01%
Bitcoin Gold
$50.00-1.74%
Basic Attention Token
$0.617652-3.11%
0x
$0.873470-1.64%
Fetch.ai
$0.748827-7.05%
Kava.io
$5.67+0.60%
Bancor
$3.46-1.86%
Band Protocol
$7.17-1.96%
Siacoin
$0.014424-3.76%
Nano
$4.29-5.30%
Loopring
$0.371542+1.03%
Storj
$1.04-2.12%
Numeraire
$40.26-2.13%
Civic
$0.422000-2.64%
Lisk
$2.72-1.55%
PAX Gold
$1,761.23+0.36%
Orchid
$0.312207-1.50%
Enzyme
$149.22-1.81%
Augur
$20.75-1.80%
Aragon
$4.41-3.08%
district0x
$0.147243-0.38%
Kyber Network
$1.42-1.73%
SingularDTV
$0.001224+1.18%
Tether
$1.00-0.02%
USD Coin
$1.00+0.01%
Dai
$1.00+0.00%
Breaking news: Ethereum Developer Virgil Griffith Pleads Guilty to Conspiracy Charge in North Korea Sanctions Case

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.

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

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

  • 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.

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Loading...