Cryptocurrencies 21,541
Market Cap $2.86T
BTC Dominance 58.69 %

Cryptocurrencies : 21,541

Total Market Cap : $2.86T

BTC Dominance : 58.69 %

LIVE
Mkt Cap $2.86T BTC Dom 58.69 % BTC BTC $83,842.00 ▼ -3.39% ETH ETH $2,672.53 ▼ -3.69% USDT USDT $0.999808 ▲ +0.00% BNB BNB $766.04 ▼ -3.58% XRP XRP $1.49 ▼ -9.46% USDC USDC $0.999854 ▲ +0.00% SOL SOL $114.60 ▼ -3.71% TRX TRX $0.343674 ▼ -0.26% ZEC ZEC $1,501.92 ▼ -6.02% FIGR_HELOC FIGR_HELOC $1.04 ▲ +0.37% HYPE HYPE $91.51 ▼ -5.42% DOGE DOGE $0.093195 ▼ -9.89% XMR XMR $552.75 ▼ -3.09% WBT WBT $84.30 ▼ -3.31% USDS USDS $0.999896 ▲ +0.02% LINK LINK $12.29 ▼ -6.29% ADA ADA $0.238867 ▼ -7.76% RAIN RAIN $0.012185 ▼ -7.26% LEO LEO $8.99 ▲ +0.15% XLM XLM $0.20101 ▼ -9.72% BCH BCH $340.22 ▲ +1.36% UNI UNI $9.28 ▼ -11.14% NEAR NEAR $4.38 ▲ +0.11% LTC LTC $67.44 ▲ +6.81% USDE USDE $0.999663 ▼ 0.00% Mkt Cap $2.86T BTC Dom 58.69 % BTC BTC $83,842.00 ▼ -3.39% ETH ETH $2,672.53 ▼ -3.69% USDT USDT $0.999808 ▲ +0.00% BNB BNB $766.04 ▼ -3.58% XRP XRP $1.49 ▼ -9.46% USDC USDC $0.999854 ▲ +0.00% SOL SOL $114.60 ▼ -3.71% TRX TRX $0.343674 ▼ -0.26% ZEC ZEC $1,501.92 ▼ -6.02% FIGR_HELOC FIGR_HELOC $1.04 ▲ +0.37% HYPE HYPE $91.51 ▼ -5.42% DOGE DOGE $0.093195 ▼ -9.89% XMR XMR $552.75 ▼ -3.09% WBT WBT $84.30 ▼ -3.31% USDS USDS $0.999896 ▲ +0.02% LINK LINK $12.29 ▼ -6.29% ADA ADA $0.238867 ▼ -7.76% RAIN RAIN $0.012185 ▼ -7.26% LEO LEO $8.99 ▲ +0.15% XLM XLM $0.20101 ▼ -9.72% BCH BCH $340.22 ▲ +1.36% UNI UNI $9.28 ▼ -11.14% NEAR NEAR $4.38 ▲ +0.11% LTC LTC $67.44 ▲ +6.81% USDE USDE $0.999663 ▼ 0.00%
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Grayscale Breaks Record As Bitcoin Trust Add $1B In A Week

Once again Grayscale has broken all the previous records with its Bitcoin Trust as the company has attracted inflows of over $1 billion in BTC from institutional clients in a week. The company is also planning to launch several new cryptocurrency trusts for Chainlink, Tezos, and more.

Earlier, the news website CryptoPOtato had reported that the leading digital asset manager registered its best quarter to date in Q4 2020 with the most substantial inflow quantities. Bitcoin Trust was the major reason for those funds. 

The record inflows from institutional investors lead Grayscale to accumulate massive quantities of BTC. Currently, the company is holding over 3% of all bitcoins ever to exist. The new CEO of Grayscale, Michael Sonnenshein is a perfect example of the significant demand from institutional clients for the Bitcoin Trust. He reported to the SEC that t such investors have allocated almost $1.3 billion in GBTC in just one week. 

Grayscale also provides products for several other cryptocurrencies which includes Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, and more. Recently, the company has dissolve XRP after Trust following the SEC charges against Ripple.

The institution customers could have new products soon. The Delaware Trust Company, listed as Grayscale’s “statutory trustee” for Delaware, has filed documents with the state’s corporations registry to establish trusts for five digital assets.

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