#Grayscale #Bitcoin Trust is a giant financial trust entity that is one of the very first securities that is solely invested in Bitcoin only and they derive value from the price of BTC.
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#Grayscale #Bitcoin Trust is a giant financial trust entity that is one of the very first securities that is solely invested in Bitcoin only and they derive value from the price of BTC.
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The bitcoins that Grayscale holds are completely stored in cold wallets or in offline storages and have collaborated with Coinbase Custody Trust Company, LLC, as their custodian. It is managing over a total of 16.3 billion USD.
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If you are interested & want to know more about Grayscale and their recent lawsuit win against SEC, Please read this blog post below!
Link - https://leofinance.io/@mango-juice/grayscale-won-the-lawsuit-against-sec
#gosh
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i hope it doesn't affect the Crypto market
Let's see the effects of this in the future. Many think it's a good thing, but there's also a downside, as large institutions accumulate large amounts of BTC