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Produced by Sanli | Vernacular Blockchain (ID: hellobtc)
In the past month, Grayscale Investment Corporation has made frequent moves, and today its encrypted assets exceed 10 billion US dollars. According to the data, as of November 18, Grayscale's Bitcoin holdings were 513,393, and the total ETH holdings were 25,83657.
The investment trends of these large institutions have been widely followed by the media and are known as "giant whales". So what is a "giant whale"?
In the monetary field encryption, "whale" refers to those investors with large funds to buy and sell large amounts of encrypted digital currency, especially those who have sufficient funds to influence the market, resulting in greater market price volatility investors, and "whale" is Believed to be a Bitcoin holder with a value of more than $56 million.
Usually, "giant whale" does not refer to a certain individual, but some investment institutions and trading platforms. Some people divide it into early use of giant whales, criminal giant whales and trading giant whales . If you want to learn more about it, you can also go to the Bitcoin "Giant Whale" .
Grayscale Investments is one of the well-known Bitcoin whales. It is a subsidiary of the Digital Currency Group established in 2013. It is a world-renowned investment company focusing on cryptocurrency funds Investment, Gray's investment preferences have always been stable, limited to mainstream assets and established currencies. In its current 99% share of a single trust fund, it includes nine types of cryptocurrency assets.
Barry Silbert, CEO of Grayscale Investment, said in the Fox Business show:
Bitcoin is the younger generation of gold. It has the same characteristics as gold-scarce, divisible, and portable. In fact, it is also practical.
The Bitcoin community is creating a new payment and financial network, which will change the financial market. At the same time, he also stated that Bitcoin will replace gold as a store of value in investment portfolios.
But more importantly, thousands of companies have been funded. In the past five years, 5 billion US dollars have been raised. These companies are building Bitcoin infrastructure so that people can easily get in and out of the cryptocurrency highway. highway. Once you use digital assets, there are almost no restrictions.
The data shows that the scale of asset management (AUM) of Grayscale Investment Company has increased from US$2 billion at the beginning of the year to US$10 billion. In addition to Bitcoin, Grayscale's trust assets also include: ETH, BCH, ETC, LTC, XRP, The prices of XLM, ZEC, and ZEN are:
BTC trust fund 8.851 billion US dollars, accounting for 86%, BTC holding assets increased by 481% from the beginning of the year to now;
ETH trust fund, 1.221 billion U.S. dollars, accounting for 9.4%; ETH holdings have increased by 1938% from the beginning of the year to the present;
BCH Trust Fund, 46.3 million US dollars; ETC Trust Fund, 69.6 million US dollars;
ZEN Trust Fund, US$2.8 million; LTC Trust Fund, US$58 million;
XLM Trust Fund, US$1.4 million; XRP Trust Fund, US$9.8 million;
ZEC Trust Fund, $11.7 million.
It can be seen from the data that institutions are very fond of Ethereum. In Grayscale’s report, most of the inflows of funds are institutional investors, and the price of cryptocurrency is not simply controlled by the emotional fluctuations of retail investors. Therefore, Grayscale data has become a lot of institutions used to judge the direction and progress of the blockchain. A benchmark for investment.
However, because cryptocurrencies have always occupied a major position in the crypto ecosystem, many people worry that a "giant whale" similar to Grayscale Investment Corporation will pose a threat to the price of Bitcoin.
This concern is not unreasonable, but as the scale of the encrypted market becomes larger and stronger , the influence of the "giant whale" will gradually weaken and have a smaller effect on the price of Bitcoin.
▎Past issues
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This article is a reissue of an old article with slight adjustments.
Original link: A typical Bitcoin whale holding 200,000 BTC: Grayscale Investment Company
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