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User:CertifiedTurtle/sandbox/grayscale

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Grayscale Investments
Company typePrivate
IndustryInvestment management
FoundedSeptember 26, 2013; 11 years ago (September 26, 2013)
FounderBarry Silbert
HeadquartersNew York City, New York
U.S.
ProductsAsset management
WebsiteGrayscale.co

Grayscale Investments is a digital currency asset manager. Founded in 2013, Grayscale is a subsidiary of Digital Currency Group, a venture capital company.[1][2][3][4] It is located in New York City.[5]

Grayscale's investment products are available to institutional and accredited individual investors through ongoing private placements.[6] Grayscale’s single-asset investment products provide exposure to Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Horizen, Litecoin, Stellar Lumens, XRP, and Zcash.[7][8] Grayscale’s diversified investment vehicle, Grayscale Digital Large Cap Fund, provides exposure to the top digital currencies by market capitalization.[9][10]

GBTC provides titled, auditable bitcoin exposure through a traditional investment vehicle.[11][12]It trades under the symbol GBTC on the OTCQX market and is available to individual and institutional investors.[13][14]

History

[edit]

Grayscale was created in September 2013 to manage the Bitcoin Investment Trust,[2][3][4] the first U.S.-based private investment vehicle that provides direct exposure to bitcoin through the purchase of a security.[15]

Grayscale Bitcoin Investment Trust offered the first publicly quoted securities solely invested in, and deriving value from, the price of bitcoin when it debuted on OTCQX in 2015.[16]

After launching on OTCQX, Grayscale launched eight additional single-asset investment products for digital currencies and its first diversified investment product, the Grayscale Digital Large Cap Fund, over the next 18 months.[17]

  1. ^ Tepper, Fitz (27 October 2015). "Barry Silbert Launches Digital Currency Group With Funding From MasterCard, Others". TechCrunch. Retrieved 18 April 2019.
  2. ^ a b Spaven, Emily (26 September 2013). "SecondMarket launches Bitcoin Investment Trust, invests $2 Million". CoinDesk. Retrieved 25 April 2019.
  3. ^ a b Morrell, Alex; Campbell, Dakin; Morris, Meghan (1 November 2018). "Meet 2018's Rising Stars of Wall Street shaking up investing, trading, and dealmaking". Business Insider. Retrieved 13 May 2019.
  4. ^ a b Partz, Helen (13 May 2019). "Grayscale Reports Vast Majority of Investments in Q1 2019 Were in Bitcoin Trust". Cointelegraph. Retrieved 25 April 2019.
  5. ^ Hankin, Aaron (18 July 2018). "Brutal bear market for bitcoin doesn't stop record inflows to this digital asset firm". MarketWatch. Retrieved 25 April 2019.
  6. ^ Rooney, Kate (1 November 2018). "Crypto investment firm Grayscale rakes in $330 million this year despite bitcoin bear market". CNBC. Retrieved 25 April 2019.
  7. ^ Suberg, William (18 January 2019). "Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust". Cointelegraph. Retrieved 9 May 2019.
  8. ^ "Grayscale launches Stellar Lumens investment trust". The Block. 17 January 2019. Retrieved 9 May 2019.
  9. ^ Roberts, Daniel (7 February 2018). "Exclusive: Grayscale launches new 'Digital Large Cap Fund' tied to 5 top cryptocurrencies". Yahoo Finance. Retrieved 25 April 2019.
  10. ^ del Castillo, Michael (7 February 2018). "Grayscale Launches Fund for Top Cryptos (ETH Included)". CoinDesk. Retrieved 13 May 2019.
  11. ^ Cermak, Larry (13 May 2019). "Institutional demand for bitcoin appears to be increasing". The Block. Retrieved 13 May 2019.
  12. ^ Caplinger, Dan (23 March 2019). "Is Grayscale Bitcoin Trust a Buy?". The Motley Fool. Retrieved 25 April 2019.
  13. ^ Rosenfeld, Everett (1 April 2015). "For bitcoin, 'golden moment' or fool's gold?". CNBC. Retrieved 10 May 2016.
  14. ^ Casey, Michael J. (1 March 2015). "BIT Poised to Become Publicly Traded Bitcoin Fund". Wall Street Journal. ISSN 0099-9660. Retrieved 10 May 2016.
  15. ^ Carrel, Lawrence (2 February 2018). "Everyone Calls Bitcoin Investment Trust An ETF, But It's Not; Here's What It Is". Investor's Business Daily. Retrieved 26 April 2019.
  16. ^ Primack, Dan (23 September 2013). "First Bitcoin Investment Fund Launches". Fortune Ledger. Retrieved 29 March 2019.
  17. ^ Roberts, Jeff John (1 November 2018). "Crypto Investment Stays Strong Amid Price Slump". Fortune. Retrieved 25 April 2019.
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