What did the Grayscale Bitcoin Trust Fund say in 2017 (Grayscale Bitcoin 2021 Unlocking Time)?
What did the Grayscale Bitcoin Trust Fund say in 2017? According to Gemini co-f
What did the Grayscale Bitcoin Trust Fund say in 2017? According to Gemini co-founder Michael Novogratz’s tweet, the “2018 Blockchain Annual Review” report by Grayscale mentioned that the price of Bitcoin rose by 25% at the end of 2017. However, it started to decline by 15% in early 2020. The last quarter of 2017 was a bear market cycle after the Bitcoin halving. In the first quarter of 2018 and the second quarter of 2019, almost all digital assets fell by more than 80%. In the second half of 2017, Grayscale Investment Company released a 36-page investment announcement. These announcements indicate that investors are increasingly willing to invest funds in the cryptocurrency market rather than speculative industries such as the stock market.
Grayscale Bitcoin 2021 Unlocking Time
Editor’s note: This article is from Cointelegraph China (ID: cointelegraphChina), author: Grace Chu, authorized reprint by Odaily Star Daily.
The Grayscale Bitcoin Trust Fund will unlock on February 18, 2021.
According to public data, Grayscale’s Bitcoin Trust Fund manages over $1.5 billion in assets. This number has more than doubled since early 2020.
According to the latest report released by Grayscale, the company held approximately 316,000 BTC in the first quarter of this year. The report stated, “By the end of 2020, a total of over 626,000 BTC was allocated to institutional investors, hedge funds, and individual investors.” Grayscale currently holds approximately 1.356 million BTC, an increase of nearly 50% compared to the same period last year. “We believe this indicates the increasing respect for institutions in the cryptocurrency field,” said Grayscale CEO Barry Silbert, “and this is the only entity that has disclosed its purchase or sale of Bitcoin so far.”
In addition, due to recent investigations by the U.S. Securities and Exchange Commission into exchanges such as Bitfinex, many expect more regulatory scrutiny issues to arise in the coming weeks. The Grayscale Bitcoin Trust Fund also revealed that it has begun applying to the U.S. SEC to issue new ETF products in January 2021.
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