At the end of December, Grayscale Investments suspended investments in six of its trusts, including GBTC and ETHE. Today the company announced the resumption of accepting funds to two funds.
Investors have access to the Grayscale Bitcoin Trust and Grayscale Digital Large Cap Fund Trust, but the Ethereum fund remains unavailable. Investments in the Grayscale XRP Trust fund are also impossible – this is due to the claim of the US Securities and Exchange Commission (SEC) against Ripple.
As of January 11, the total amount of funds managed by Grayscale Investments reached $ 24.5 billion, while in mid-December the capitalization of the company’s funds was only $ 13 billion.
As a reminder, when buying shares of Grayscale Trusts, investors must hold them for at least 6 months. After this period, they can sell shares on the market.
Earlier, JPMorgan bank analysts warned that if US regulators approve the launch of exchange-traded funds (ETFs) on Bitcoin, this could lead to an outflow of funds from GBTC and negatively affect the rate of the first cryptocurrency.
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