Permainan judi slot online terbaik

slot hoki terpercaya

  • About
  • Contact
  • Privacy Policy
  • bitcoinBitcoin$27,247.001.36%
  • ethereumEthereum$1,909.062.05%
  • xrpXRP$0.533.17%
  • bitcoin cashBitcoin Cash$114.921.52%
Cryptovibes.com - Daily Cryptocurrency and FX News
  • Home
  • News
  • Analysis
  • Crypto
    • Tamadoge
    • Crypto Presales
  • Autotrading
    • BitVestment
    • BitProfit
    • Bit Index AI
    • Metaverse Profit
    • Today Profit
    • Quantum Code
    • Bitcode Prime
    • Bitprime Gold
    • Bitcoin Motion
    • Bitcoin Smarter
    • Bitcoin Robot Guide
    • Bitcoin Future
    • Bitcoin Millionaire Pro
    • Bitcoin Pro
    • BitiCodes
    • Bitcoin Loophole
    • Bitcoin Up
    • Bitcoin Storm
    • Bitcoin SuperSplit
    • Bitcoin Supreme
    • TeslaCoin
    • Bitcoin System
    • Bitcoin Fortress
    • Immediate Edge
    • Bitcoin Profit
    • Bitcoin Trader
    • Bitcoin Bank
    • Bitcoin Union
    • BitQT
    • Profit Compass
    • Bitcoin Champion
    • Bitcoin Optimizer
    • NFT Profit
    • Bitcoin Decoder
    • PBN Invest
    • Quantum AI
    • Celebrities
      • Teeka Tiwari Investment plan
      • Kate Winslet Bitcoin
      • Holly Willoughby Bitcoin
      • Ant McPartlin Bitcoin
      • Nicole Kidman Bitcoin
      • James McAvoy Bitcoin
      • Jim Davidson Bitcoin
      • Peter Lim Bitcoin
      • Jonathan Ross Bitcoin
      • Bear Grylls Bitcoin
      • Phillip Schofield Bitcoin
      • Mike Hosking Bitcoin
      • Ryan Reynolds Bitcoin
      • Dick Smith Bitcoin
    • Broker Reviews
      • Herdos Review
      • FXTB Review
  • Disclaimer
  • PR
No Result
View All Result
Cryptovibes.com - Daily Cryptocurrency and FX News
No Result
View All Result

Grayscale Acquires 18X The Bitcoin Mined In A Day

John Wanguba by John Wanguba
January 19, 2021
in Crypto news
Reading Time: 3min read
Grayscale Acquires 18X The Bitcoin Mined In A Day
Rate this post

Bitcoin worth $600 million was taken off the market as BTC price struggles to consolidate for a retest of $40,000. Notably, asset manager Grayscale added around 18 times more bitcoin than miners added to the supply within one day on January 18.

Multiple data sources confirm that Grayscale remains the largest institutional investor in the bitcoin market, and it acquired 16,244 BTC ($607 million) on Monday.

The huge sums are some of the largest on record and are an order of magnitude above what even Grayscale was trying in the past week. The firm has in the past recorded daily buys but it stopped over the holiday season and then reduced its allocation in the first week of 2021.

Monday’s buying spree brings Grayscale’s total assets under management (AUM) to about $23 billion. As reports show, the total AUM increased ten times in 2020. In that context, the CEO of UK-based crypto exchange CoinCorner, Danny Scott, tweeted:

“Grayscale were buying $251 M of #Bitcoin on avg per week in Q4 2020. Last week they did $700 M in 1 day… And today $590 M… Pay attention.”

Grayscale daily Bitcoin additions chart. Source: GBTC Bitcoin Tracker/ Twitter
Grayscale daily Bitcoin additions chart. Source: GBTC Bitcoin Tracker/ Twitter

Bullish On Bitcoin

The latest move by Grayscale underscores its growing faith in bitcoin as a long-term investment and that of institutional investors choosing bitcoin over any other form of macro asset.

Despite the mixed messages from fellow asset manager Guggenheim that is expected to start its bitcoin exposure later this month, reliable industry sources say that public announcements normally hide the true extent of institutional investment.

Sometime last week, Tyler Winklevoss, Gemini exchange co-founder, said:

“There is huge institutional demand, and most of it is silent.”

He was speaking while berating gold bug Peter Schiff for alleging that players were mostly not interested in Bitcoin.

Grayscale Bitcoin holdings vs. BTC/USD chart. Source: CryptoQuant
Grayscale Bitcoin holdings vs. BTC/USD chart. Source: CryptoQuant

Data acquired from on-chain analytics resource CryptoQuant in the meantime shows some changes in Grayscale’s buying habits. Late 2020 saw the biggest short-term increase in bitcoin holdings for the year.

Previously, analysts at JPMorgan insisted that inflows into the Grayscale Bitcoin Trust (GBTC) would have to maintain $100 million daily for the BTC price to retest the $40,000 levels.

Like what you're reading? Subscribe to our top stories
Tags: Bitcoinbitcoin marketbitcoin miningBTCBTC PricecryptocryptocurrencyGrayscale Bitcoin TrustGuggenheiminstitutional investorInstitutionsJPMorganmarket analysismarket updatePeter SchiffTyler Winklevoss

Related Posts

Can Memecoins Make You Rich?
Analysis

Can Memecoins Make You Rich?

May 20, 2023
What Is Bitcoin And How Does It Work?
Blockchain

What Is Bitcoin And How Does It Work?

May 13, 2023
Crypto-Related Enforcement Actions By US States Increased Steeply In 2022 – Report
Crypto news

Crypto-Related Enforcement Actions By US States Increased Steeply In 2022 – Report

February 3, 2023
Facebook Twitter Instagram Telegram RSS Youtube

Newsletter

Like what you're reading? Subscribe to our top stories
situs qq online terpercaya
probola
Menyajikan live score bola terkini
www.jamberrynails.net
adtoken.com
Agen bola
judi online slot
daftar judi slot terbaru
situs BandarQQ Online
Situs judi online Terpercaya
poker online
judi bola
slot pragmatic
situs judi bola
situs judi bola
pragmatic play
judi bola
Situs Slot TOS885

Copyright © 2017-2019 Cryptovibes.com. Price data provided by our official partner CoinGecko.

No Result
View All Result
  • Home
  • News
  • Analysis
  • Crypto
    • Tamadoge
    • Crypto Presales
  • Autotrading
    • BitVestment
    • BitProfit
    • Bit Index AI
    • Metaverse Profit
    • Today Profit
    • Quantum Code
    • Bitcode Prime
    • Bitprime Gold
    • Bitcoin Motion
    • Bitcoin Smarter
    • Bitcoin Robot Guide
    • Bitcoin Future
    • Bitcoin Millionaire Pro
    • Bitcoin Pro
    • BitiCodes
    • Bitcoin Loophole
    • Bitcoin Up
    • Bitcoin Storm
    • Bitcoin SuperSplit
    • Bitcoin Supreme
    • TeslaCoin
    • Bitcoin System
    • Bitcoin Fortress
    • Immediate Edge
    • Bitcoin Profit
    • Bitcoin Trader
    • Bitcoin Bank
    • Bitcoin Union
    • BitQT
    • Profit Compass
    • Bitcoin Champion
    • Bitcoin Optimizer
    • NFT Profit
    • Bitcoin Decoder
    • PBN Invest
    • Quantum AI
    • Celebrities
      • Teeka Tiwari Investment plan
      • Kate Winslet Bitcoin
      • Holly Willoughby Bitcoin
      • Ant McPartlin Bitcoin
      • Nicole Kidman Bitcoin
      • James McAvoy Bitcoin
      • Jim Davidson Bitcoin
      • Peter Lim Bitcoin
      • Jonathan Ross Bitcoin
      • Bear Grylls Bitcoin
      • Phillip Schofield Bitcoin
      • Mike Hosking Bitcoin
      • Ryan Reynolds Bitcoin
      • Dick Smith Bitcoin
    • Broker Reviews
      • Herdos Review
      • FXTB Review
  • Disclaimer
  • PR

Copyright © 2017-2019 Cryptovibes.com. Price data provided by our official partner CoinGecko.

Situs sbobet resmi terpercaya. Daftar situs slot online gacor resmi terbaik. Agen situs judi bola resmi terpercaya. Situs idn poker online resmi. Agen situs idn poker online resmi terpercaya. Situs idn poker terpercaya.

situs idn poker terbesar di Indonesia.

List website idn poker terbaik.
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
situs judi online terpercaya