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Lots of stories shown up in the market of which Grayscale Fund has bought bitcoin aggressively recently, which triggering the current round of bitcoin rising from $3800 to the $10,000 barrier, therefore, divergent opinions about this messages are shown up in the market.submitted by Bitoffer_Official to BitOffer_Official [link] [comments]
Firstly, the key point we should notice is that the Grayscale Fund does indeed buy Bitcoins. Official data shows that within one month as of mid-May, the Grayscale Fund collected 37,000 bitcoins from the market, occupying more than 70% of the entire net mining output and which is equivalent that most of the new Bitcoin’s supply in the market has been swallowed. In theory, the market will indeed form a certain short-term rise effect.
Secondly, the global economic recession which affected by the COVID-19 lead to the collapse of the currency price. Usually, the negative factors brought about by external will only cause a temporary decline. This is the market inertia so the rise in currency prices also has a factor of oversold rebound.
Finally the most significant factor is that Bitcoin ushered the third halving of block rewards, the output of Bitcoin is declining however the quantity of Bitcoin itself is fixed. After the production is reduced, Bitcoin has become scarcer and the limited supply accompanied by the infinite demand, which will inevitably cause long-term bullish prices.n Therefore, intrinsic bull news is the most critical factor driving the increase of Bitcoin price. Under the influence of multiple factors such as Bitcoin halving, oversold rebound and snapped up by the funds constitute the real reason for this rise, not just the single factor of market capital buying.
So what is Grayscale?
Grayscale is a trusted authority on digital currency investing which established in 2013 by Digital Currency Group(DCG). Grayscale Investments is the sponsor of Grayscale Bitcoin Trust (BTC), Grayscale Bitcoin Cash Trust (BCH), Grayscale Ethereum Trust (ETH), Grayscale Ethereum Classic Trust (ETC), etc..As an American crypto asset management company and a global giant crypto asset fund, currently has a Bitcoin trust asset of 3.29 billion US dollars, which is roughly equivalent to 353621 bitcoins at the current price.
In mid-April, the total value of the Bitcoin trust assets controlled by the Grayscale Fund was only 2.09 billion US dollars, which was equivalent to 315,779 bitcoins. This means that the Grayscale Fund bought 37,824 bitcoins within a month, which nearly average 1,261 per day. On the eve of bitcoin halving, the daily market output was around 1,800 bitcoins. From the data, grayscale is indeed a large-scale acquisition of bitcoin on the market which is very strong, consequently, this action triggering market speculation about this acquisition.
Comparing with those foreign institutional funds which entering the market with a large amount of bitcoin purchasing, what are the market funds doing? Lucian, the chief analyst of BitOffer, revealed to us: Generally speaking, when users enter the market to buy Bitcoins, the USDT price will rise sharply, because the increase in demand will directly trigger the price increase, which will generate positive feedback. In the round of BTC increase, the USDT price has dropped sharply, which reflects that users are shipping heavily. Compared with foreign data, foreign institutional funds are taking over.
Lucian also concluded that from this phenomenon, the market capital movements are relatively one-sided. According to BitOffer's official data, since the plunge occurred on March 12th, the bitcoin ETF fund which Bitoffer launched has been purchased more than US $ 500 million in the past two months, and the ETF market share is only second to the Grayscale digital asset management company. In addition, the Ethereum ETF fund has also shown a substantial growth trend which indicates that global institutional funds are entering the market to buy digital ETF funds.
Bitoffer launched the world’s first Bitcoin and Ethereum ETF fund, the earnings in the last year outperformed all major tokens. Immediately subscribe and enjoy the abnormal returns!
The advantages including:
submitted by Bitoffer_Official to BitOffer_Official [link] [comments]
Since the COVID-19 epidemic has caused tremendous damage to the world, not only to life safety and public health but also to the global economy and financial markets. According to the IMF's latest forecast, the global economy may shrink by more than 3% in 2020. Among them, developed countries will generally experience negative growth, while China and India may only be able to maintain normal growth.
Facing this such a large scale of disaster which much more grievous than any economic crisis happened in history, the issuance of government bonds and the printing of money by the central bank are the most common ways to help the troubled laborers and enterprises. The United States has issued three rounds of fiscal stimulus policies. The total stimulus scale exceeds 2.1 trillion US dollars, and the fourth round of 484 billion US dollars of stimulus is about to be launched. These four rounds of quantitative easing will reach 2.6 trillion US dollars, accounting for about 19 years of US GDP 12%. This is an appalling number, equivalent to an 8.9% discount to everyone's wealth.
In China, the release volume of central banks will only greater than the United States, which is about 50% higher. The release by the United States is shared by people all over the world. Since the RMB has not yet completed its global currency mission, most of China's releasing is undertaken by the Chinese people. In other words, when the United States releasing, the Chinese people will bear part of it. When China releasing, the Chinese people will bear most of it, which results that wealth will be discounted. It is imperative to give up holding cash and find a safe investment channel and high-quality safe-haven assets.
Traditional safe-haven investment assets include treasury bonds, gold, etc. However, this financial crisis is on the upswing, and traditional safe-haven assets are no longer sufficient to ensure that assets do not depreciate. Bitoffer analyst Lucian believes that the Bitcoin ETF fund may be the best safe-haven asset at this stage.
First of all, Bitcoin is known as "digital gold", and Bitcoins are operating in a decentralized blockchain network, and they are almost impossible to lose (unless you forget your private key), which is safer than gold hidden in a safe box at home; secondly, Bitcoin itself is easy to carry and can be used for payment with more versatile than gold. On the one hand, it is the storage function of digital gold, on the other hand, it has the payment and circulation function of currency. What is rarer is that the price of Bitcoin is seriously underestimated, and it will continue to rise in the future.
The Bitcoin ETF fund is the best tool that can amplify Bitcoin's earnings. Why do you say that? Although futures can also amplify Bitcoin gains, they are prone to liquidation. Once the price volatility is large, future liquidation will make investors lose a lot. While Bitcoin ETF funds are not the same. Through the dynamic adjustment mechanism, ETF funds do not have the risk of liquidation, and through the continuous increase of the fund's net value, they can also continue to use earnings to earn income again with at least 3 times, up to 17 times profits.
For example, when using $10000 to purchase a Bitcoin, when the price doubled, your profits will also be doubled. While without the risk of liquidation, ETF funds can make at least 3X, up to 17X profits, which means when Bitcoin rises $10000, ETF will earn the highest $17000 as profits.
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There is no Bitcoin Exchange Traded Fund (ETF) available on the U.S exchange, there are Exchange Traded Bitcoin financial products available on the European exchanges and Over the Counter (OTC) Bitcoin trust in which investors can trust.. Bitcoin ETN (Exchange Traded Notes) by XBT Provider can be traded on the Nasdaq Stockholm stock exchange in Euros and Swedish Krona since 2015. Total fund flow is the capital inflow into an ETF minus the capital outflow from the ETF for a particular time period. Fund Flows in millions of U.S. Dollars. The following table includes expense data and other descriptive information for all Bitcoin ETFs listed on U.S. exchanges that are currently tracked by ETF Database. Fidelity Investments is launching its first Bitcoin fund, adding its establishment name and star power to the fledgling and often controversial asset class. Erster Bitcoin ETN mit vollständiger physischer Besicherung. Schon lange wünschten sich viele private Anleger einen ETF auf die digitale Devise Bitcoin.Es gab bereits mehrere Versuche, einen solchen ETF aufzulegen, doch sie an den Auflagen staatlicher Finanzaufsichtsbehörden, vor allem in den USA. Ein ETF (Exchange Traded Fund) ist ein börsengehandelter Fonds, der den Kurs eines festgelegten Vermögenswertes widerspiegelt. Da die ETFs sehr gut reguliert sind und diversen Bestimmungen unterliegen, soll den institutionellen Investoren mit einem Bitcoin ETF eine vereinfachte Investitionsmöglichkeit in den Markt geboten werden, was viele auf den Eintritt des großen Geldes hoffen lässt ...
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