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Grayscale’s Total Position Reaches $21158 Million According to On-Chain Data

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It is reported that the on-chain data shows that the current total position of grayscale is up to $21158 million, and the trust premium rate of mainstream curr…

Grayscales Total Position Reaches $21158 Million According to On-Chain Data

It is reported that the on-chain data shows that the current total position of grayscale is up to $21158 million, and the trust premium rate of mainstream currencies is as follows: BTC, – 44.66%; ETH，-51.63%； ETC，-66.86%； LTC，-57.49%； BCH，-40.68%。

The negative premium rate of gray bitcoin trust narrowed to 44.66%

Analysis based on this information:


Grayscale Investments is one of the leading digital currency asset managers in the world. Its investment models give investors exposure to the cryptocurrency market without requiring them to hold the currency themselves. According to recent on-chain data, Grayscale’s total position now stands at $21158 million. This indicates a significant increase in investor interest in digital currency assets over the past few months.

Grayscale’s investment strategies allow individuals to invest in cryptocurrencies without needing an exchange account, a digital wallet, or understanding the intricacies of blockchain technology. The company has several crypto funds that are available to institutional and accredited investors, including the Grayscale Bitcoin Trust, Grayscale Ethereum Classic Trust, and the Grayscale Digital Large Cap Fund.

The trust premium rate is a metric that measures the percentage difference between an investment trust’s market price and its net asset value (NAV). Therefore, if the trust premium rate is negative, it means that the underlying digital assets are trading at a discount.

The current trust premium rates of Grayscale’s mainstream currencies are highly negative, indicating that the digital assets are trading at a deep discount. BTC, for example, has a trust premium rate of -44.66%, which can be interpreted in different ways. It could mean that investors are skeptical about Bitcoin’s future, or they believe its market price is overvalued. The same phenomenon is observed with ETH, ETC, LTC, and BCH, whose trust premium rates are -51.63%, -66.86%, -57.49%, and -40.68%, respectively.

In conclusion, Grayscale Investments’ on-chain data indicates that investors are actively seeking opportunities in the digital currency market, even in the presence of highly negative trust premium rates. Although highly negative premium rates suggest that investors are bearish on these digital currencies, it is also a sign that they may present an attractive opportunity when their underlying values and market prices ultimately converge. It remains to be seen whether Grayscale’s total position will continue to rise, but this data underscores that investors are steadfast in their interest in digital currencies.

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