Grayscale Temporarily Stops Accepting New Clients in Six Crypto Trusts
Grayscale periodically closes off its crypto trusts to so-called "private placement" rounds.
In Q4 2020, the company raised $3.3 billion across its cryptocurrency investment vehicles.
Grayscale's ether and XRP trusts are still closed to new investors.
A bearish outlook may be triggered if bitcoin doesn't claw its way back over $40,000, the analysts said.
Grayscale's managing director, Michael Sonnenshein, has now been appointed CEO.
The latest data showed the firm's largest holdings by far are in bitcoin, with the Grayscale Bitcoin Trust having $16.3 billion under management.