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Grayscale was founded in 2013, launching a bitcoin trust that year. [4] In 2015, the company became a subsidiary of Digital Currency Group. [5] The same year, Grayscale Bitcoin Trust (OTCQX: GBTC) began trading over-the-counter on the OTCQX market, becoming the first publicly traded bitcoin fund in the United States.
DeFi Fund holds some of the largest and most liquid digital assets that meet certain trading and custody requirements and are classified in the DeFi sector defined by CoinDesk Digital Asset Classification Standard (DACS); the weightings of each Fund Component change daily and are published around 4:00 p.m. NY-time.
Grayscale was the world’s largest asset manager for digital currency, as of December 2021, with more than $50 billion in assets under management. [7] Grayscale also manages the Grayscale Bitcoin Investment Trust (OTCQX: GBTC), which was the first publicly quoted security solely invested in the price of bitcoin upon its launch in 2013. [3]
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Bitcoin's price is in U.S. dollars, and the number of dollars in the economy is rapidly increasing. It's a big reason why the country has seen so much inflation in recent years. US M2 Money Supply ...
Under CEO Michael Sonnenshein, who joined the firm in 2014 as a salesman and rose to the helm in 2021, Grayscale brought digital assets to conventional investors through its Bitcoin trust before ...
That was the last time the U.S. stock market closed out a second straight year with a leap of at least 20%, something the S&P 500 is on track to do again this year.
Hedge fund Fir Tree Partners, with $3 billion in assets under management, first saw an opportunity in the last quarter of 2022, when Grayscale's trust was trading at a 42% discount to its assets ...