PayPal has been hogging the headlines and twitter feeds with their belated attempt at trying to stay relevant.
Sorry but it just doesn't excite, in fact it is almost sad to watch.
PayPal has been around since 1998, thats back in the day when Hashcash, e-gold, b-money, bit gold where still a thing.
Early e-currencies That Lay the Foundation for the Development of Bitcoin
The Bitcoin network was not launched until January 2009.
A Brief Bitcoin History Lesson - The Genesis Block
So PayPal predates Bitcoin and would have been innovative and disruptive in it's day. Thats what makes it so sad.
Enough about PayPal.
I thought I would post about a company, who for better or worse, is actually having a material effect on the grand daddy of them all BITCOIN and some other coins and tokens to boot.
Grayscale Investments
Grayscale recently released their Grayscale Digital Asset Investment Report for 3Q20 , which was the firm’s third consecutive record-breaking quarter.
If you have never heard of Grayscale Investments, then you can read some of my previous posts and see what they have been up to since 2013.
This one got me into trouble with Publish0x and not because I spelt it Crytpo. Only just noticed the spelling mistake.
Grayscale Launch Ad Campaign to Bring Crypto to the Masses
A week later there was the followup.
Grayscale Investments Had The Best Week EVER Following Crypto Ad Screening
Then MicroStrategy get in on the act, small potatoes really but made a big splash.
Nasdaq Listed MicroStrategy Buys 0.1% Of The Bitcoin Supply
Then we got to learn what an Accredited Investor was and some other interesting stuff
Valuing Bitcoin For Accredited Investors
and the followup. It is what the big boys use.
Valuing Bitcoin Using Supply And Demand Metrics - For Accredited Investors
Grayscale Investments 3rd Quarter Highlights
Grayscale raised $1.05 billion into its investment products, their largest ever quarterly inflow. That brings year-to-date investment into the Grayscale suite of products to over $2.4 billion, which is more than double the $1.2 billion cumulative inflow into the products from 2013-2019.
The most notable uptick in growth in Q3 came from products that hold alternative assets, with unprecedented demand for Grayscale® Digital Large Cap Fund Grayscale® Bitcoin Cash Trust and Grayscale® Litecoin Trust in particular. On average, the aforementioned products saw inflows increase by more than 1400% quarter-over-quarter.
Grayscale® Bitcoin Cash Trust has seen its assets under management surge from $1.9 billion to $4.7 billion YTD, which includes $719.3 million in 3Q20 inflows.
Grayscale® Ethereum Trust has attracted the attention of a new segment of Ethereum-only institutional allocators, with over 17% of inflows into the Trust coming from new institutional investors in 3Q20.
To get the full report you need to submit the following request to Grayscale Investments
Grayscale Ethereum Trust Now SEC Reporting Company
More good news to report.
Suck Eggs PayPal
Grayscale Investments have been in the game since 2013.
You have left you run a bit late.
Maybe if you had bought Coinbase or Binance, it would have been material and worthy of the headlines . Or even better still if Binance or Coinbase had bought you. Sorry but that is just plain silly, that would not have made any sense. But what a headline it would have made. That would have been a splash and a half.
The End
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Bragato18 @PaulBridgman8
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