‘Ethereum only’ investors are growing, according to Grayscale

Bitcoin (BTC) got many investors hooked on crypto, but it’s Ethereum (ETH) that’s beginning to garner more attention, according to Grayscale.  In a phone interview with Bloomberg, managing director Michael Sonnenshein said 2020 has seen a significant rise in “Ethereum only” investors, underscoring the asset’s growing appeal beyond the development community. He said: “Over the course of 2020 we are seeing a new group of investors who are Ethereum first and in some cases Ethereum only. […] There’s a growing conviction around Ethereum as an asset class.” Grayscale manages a…

Institutional investors won’t save crypto, but they will help it grow

The state of the world economy has pushed institutional investors to look for alternative methods of investment. And more and more often, Bitcoin (BTC) is becoming such a tool. Since August, business intelligence firm MicroStrategy has purchased BTC worth a total of $425 million. At the same time, digital asset manager Grayscale Investments raised record amounts of money in both the first and second quarters of this year ($1.4 billion in total). But should we celebrate institutional investors as the “saviors” of crypto? Or, on the contrary, are they the…

Retail Investors Are Fueling The Greatest Arbitrage Opportunity in Crypto

Key Takeaways The premiums for Grayscale shares are running high, indicating strong retail demand. The leading incentive for institutional funds in Grayscale’s Bitcoin Trust GBTC is arbitrage trading. Despite the selling pressure from arbitrageurs, the consistent rise in AUM and premium indicates strong growth. Share this article Grayscale LLC Inc. is the largest cryptocurrency asset manager globally, boasting $12 billion in assets under management (AUM). Bitcoin-backed GBTC is its leading product with $9 billion in AUM.  There is a high premium on these shares, however. The average premium for GBTC…

ICOs left retail investors in the dark

Research outfit Xangle has found that one third of sampled retail investors in the United States felt “deceived” by initial coin offerings, or that the projects had withheld information from them. Notably, Xangle’s survey is small-scale, based on 600 respondents who invested in an ICO sometime between 2017 and Oct. 2020. The majority (44%) of those surveyed were between 25 and 44 years old, with more women represented than men (at 58%).  On this basis, Xangle suggests there is “no such thing as a typical ICO investor,” though it does…

Bitcoin, Ethereum to Regain Lost Ground as Investors Buy the Dip

Key Takeaways Bitcoin took a 17% nosedive and now sits within a narrow trading range. Meanwhile, Ethereum retraced to a crucial support level that will determine where its price is headed next. A significant spike in stablecoins exchange inflow suggests that some investors are preparing to re-enter the market. Share this article Roughly $2 billion in long positions have been liquidated during the most recent correction in the cryptocurrency market. On-chain analysis now shows that investors may not have to wait long to make up their losses. Both Bitcoin and…

Majority of Indian investors see ‘no easy way to enter’ crypto

A comprehensive survey from India’s CoinDCX exchange has found that most local investors don’t see an “easy way” to access exposure to crypto assets. That’s despite the country reversing a ban on financial institutions providing services to digital asset businesses earlier this year. According to the OKEx-affiliated exchange’s findings, 56% of respondents under the age of 40 assert there is stil “no easy way to enter” the markets. This sentiment is also shared by 60% of respondents earning less than 500,000 Indian Rupees ($6,700) per year. Many segments of India’s…

Indian Crypto Investors Want to Clear the Fog Around Regulations

Key Takeaways Indian crypto exchange CoinDCX has released a survey report on crypto investor trends in India.  The report says that young investors in India recognize the potential in cryptocurrencies. However, the lack of legal clarity is a cause for concern.   Share this article Polychain-backed Indian crypto exchange CoinDCX has released a report titled “The Mood of the Nation Survey” to understand how Indian investors perceive the digital asset class. Young Indians Favor Crypto The CoinDCX survey covered responses from 11,000 Indian investors who are actively invested in crypto and…

6,700 investors lock $10.5M in Oasis Network’s token-drop

Initial token sale platform CoinList has revealed that more than 6,700 investors participated in Oasis Network’s “ROSE Garden” token drop. The ROSE Garden token drop was designed to ensure an equitable token distribution and attract robust participation from stakers for the launch of the project’s mainnet. It allowed investors to lock up to 2,000 USDT or USDC before Nov. 18 for a period of one month in exchange for Oasis’ native ROSE token. Oasis is a privacy-focused network designed to support decentralized applications and confidential computing processes. The ROSE Garden…

Investors are back into Bitcoin but DEXs are still the future of crypto

Bitcoin’s long-waited bull run and the recent wave of corporate and institutional investors allocating significant portions of their reserves to Bitcoin (BTC) are all signs that the pace of crypto’s mainstreaming is rapidly accelerating: But has the path to mass adoption come at the cost of privacy and decentralization?  Know Your Customer and Anti-Money Laundering laws have forced the majority of cryptocurrency exchanges to become more transparent about who their users are, and those who refused have had to limit the jurisdictions in which they can offer services. In order…

yEarn Developer Proposes ETH 2.0 Vault for Retail Investors 

Key Takeaways An Ethereum 2.0 validator vault on yEarn is added for discussion among community members.  The creation of the vault will allow investors with less than 32 Ether to stake on the new beacon chain.  The Ethereum 2.0 staking contracts via DeFi pools are opening up opportunities for speculation on the newly launched chain, which Ethereum developers hoped to avoid. Share this article Retail investors looking to earn on ETH 2.0 may finally have a real opportunity thanks to yEarn Finance. If a recent proposal passes, the ETH 2.0…