grayscale30

what's grayscale?

Grayscale Investments is a leading digital asset management firm founded in 2013, specializing in providing institutional and accredited investors with exposure to cryptocurrencies through regulated investment products such as trusts and exchange-traded products (ETPs). The company's flagship product, the Grayscale Bitcoin Trust (GBTC), was one of the first publicly traded Bitcoin investment vehicles and has paved the way for similar offerings in assets like Ethereum, Solana, XRP, and emerging tokens such as Bittensor (TAO). Grayscale's purpose is to bridge traditional finance and the crypto ecosystem by offering secure, compliant ways to invest in digital assets without direct ownership of the underlying cryptocurrencies. Key features include SEC filings for enhanced transparency, such as recent Form 10 submissions for the Bittensor Trust to become an SEC reporting company, amended S-1/A for the XRP Trust (ticker: GXRP), and pioneering launches of U.S. spot crypto ETPs with staking capabilities for Ethereum (ETHE and ETH) and Solana (GSOL) products. With over $35 billion in assets under management, Grayscale continues to innovate by seeking ETF conversions and integrating yield-generating mechanisms like staking to attract more mainstream investors.

Snapshot

Grayscale's Bitcoin ETF recorded $20.1M inflows Feb 6; LINK ETF consistent inflows, offsetting prior outflows.

19H ago
ONCHAIN METRICS

Holds ETH via ETHE spot ETH ETF with AUM of approximately $5.0B as of February 2026.

ONCHAIN METRICS

Operates ETH Mini Trust with AUM of approximately $1.0B as of February 2026.

ONCHAIN METRICS

Holds 163,000 BTC (valued at approximately $11.2B) via GBTC as of February 2026.

3D ago
MARKET ACTIVITY

Grayscale's Bitcoin ETF recorded 20.1 million USD in daily inflows on February 6, 2026.

MARKET ACTIVITY

Grayscale's LINK ETF ($GLNK) has seen consistent inflows with zero net outflows since launch.

4D ago
MARKET ACTIVITY

Experienced net outflow of $35.2 million from BTC (Bitcoin ETF) on February 5, 2026.

MARKET ACTIVITY

Experienced net outflow of $27.1 million from ETHE (Ethereum ETF) on February 5, 2026.

VISIBILITY EVENT

Will attend Consensus Hong Kong 2026 conference organized by CoinDesk.

5D ago
MARKET ACTIVITY

Recorded zero net flows in ETHE (Grayscale Ethereum ETF) on February 4, 2026.

MARKET ACTIVITY

Recorded net inflow of $8.2 million to ETHE ETF on 2026-02-03.

1W ago
VISIBILITY EVENT

Grayscale is mentioned alongside Virtune and VanEck as providers of BNB exchange-traded products, following the launch of a physically backed BNB ETP on Nasdaq Stockholm.

MARKET ACTIVITY

Bitcoin Mini Trust ETF (ticker: BTC) became available for trading on Morgan Stanley E*Trade platform on January 28, 2026.

MARKET ACTIVITY

Experienced net outflows of $14.6 million from its ETHE (Ethereum ETF) on January 27, 2026.

2W ago
MARKET ACTIVITY

Recorded $7.7 million inflow to BTC ETF on January 26, 2026.

MARKET ACTIVITY

Recorded zero flow to ETHE ETF on January 26, 2026.

MARKET ACTIVITY

Recorded net inflows of $7.9 million into ETHE (Ethereum ETF) on January 22, 2026.

VISIBILITY EVENT

Ray_scale from Grayscale is speaking at InnovateDenver conference on February 18, 2026 during ETHDenver.

MARKET ACTIVITY

Experienced net outflows of $38.5 million from ETHE (Grayscale Ethereum Trust) on 2026-01-20.

FINANCIAL EVENT

Filed an S-1 registration statement for a NEAR ETF.

3W ago
WHALE ACTIVITY

Acquired 70.76 BTC and distributed 48,000 ETH on January 16th, 2026.

MARKET ACTIVITY

Experienced net inflows of $32.4 million into ETHE (Ethereum Trust) on 2026-01-14.

MARKET ACTIVITY

Dartmouth College acquired 178,148 shares valued at $4.9 million as of December 31, 2025, representing a new position.

FINANCIAL EVENT

Has 30+ crypto assets under consideration for future investment products, including BNB, HYPE, BONK, and KAITO.

1M ago
REGULATORY

Registered a BNB exchange-traded fund entity in Delaware, indicating a potential formal SEC filing in the near term.

REGULATORY

Filed S-1 registration with the SEC for an Ethereum Trust by Morgan Stanley on January 7, 2026.

WHALE ACTIVITY

Experienced net outflow of $32.7 million from Bitcoin ETF on January 6, 2026.

FINANCIAL EVENT

Distributed the first-ever staking rewards for a US spot ETP, paying Ethereum ETF shareholders approximately $0.08 per share in cash from rewards earned between October 6 and December 31, 2025.

ONCHAIN METRICS

Recorded daily net inflow of $17.9 million into the Bitcoin ETF on January 5, 2026.

MARKET ACTIVITY

Grayscale conducted the first distribution under the 1933 Act for its spot crypto ETF on January 5, 2026.

MARKET ACTIVITY

Recorded $6.4 million in daily inflows to its Bitcoin ETF on January 2, 2026.

VISIBILITY EVENT

Hosts a webinar on January 5, 2026 at 4:00 PM ET featuring Head of Research Zach Pandl and Head of Wealth Management Platforms Brooke Stoddard discussing crypto markets, macro outlook, and digital assets industry trends for financial professionals.

ONCHAIN METRICS

Achieved a +19.2% return in 2026 year-to-date as of January 2nd.

MARKET ACTIVITY

Experienced a net outflow of $13 million from its Spot Ether ETF during the week ending December 29, 2025.

MARKET ACTIVITY

Experienced a net outflow of $16.6 million on December 26, 2025.

ONCHAIN METRICS

Crypto ETP products have received $87 billion in inflows since January 2024.

WHALE ACTIVITY

Experienced a net outflow of $25.4 million from its Bitcoin ETF on December 22, 2025.

MARKET ACTIVITY

Recorded a daily inflow of $53.7 million into the Grayscale ETHE ETF on December 22, 2025.

ONCHAIN METRICS

Grayscale's ETHE (spot ETH ETF) holds approximately $10 billion in AUM as of December 2025.

ONCHAIN METRICS

Holds approximately $1.3 billion in assets under management as of December 2025.

MARKET ACTIVITY

Recorded zero net flow in BTC Bitcoin ETF on December 19, 2025.

OPINION SPECULATION

Released a 2025 outlook identifying 10 investment themes for digital assets in 2026, including dollar debasement risk, regulatory clarity, stablecoin growth via GENIUS Act, asset tokenization, privacy solutions, AI-blockchain integration, DeFi acceleration, next-generation infrastructure, sustainable revenue focus, and default staking for investors.

OPINION SPECULATION

Predicts DeFi perpetual platforms like Hyperliquid will post open interest and daily volumes comparable to major centralized exchanges in 2026.

OPINION SPECULATION

Forecasts tokenized equities and bonds will expand approximately 1,000x by 2030 from current levels of approximately 0.01% of traditional markets.

GBTC records $27.51 million outflow on December 15, while Grayscale Mini Bitcoin ETF has zero flow.

ETHE records -$35.10 million in net outflows on December 15, 2025, continuing the negative flow trend after the brief positive period earlier in the month.

New Grayscale research report states Bitcoin's 4-year cycle no longer applies due to ETPs and DATs reshaping market structure, with expectations for new highs in 2026.

ETHE records -$14.4 million in daily outflows.

The trust drops 10% today while underlying Zcash rises.

Grayscale launches XRP ETF, with custodial services provided by Coinbase, Anchorage Digital Bank, and BitGo.

ETHE records -$31.22 million in net outflows on December 11, 2025, returning to negative flows after one day of neutral activity on December 10.

Grayscale Ethereum ETF (ETHE) experiences $31.22 million outflow and Grayscale Ethereum mini ETF experiences $10.03 million outflow on December 11.

Grayscale Bitcoin ETF records daily outflow of $11 million USD.

Grayscale Bittensor TAO Trust begins trading on OTCQX under ticker GTAO.

ETHE reports $0.00 million in net flow on December 10, 2025, returning to neutral after December 9's positive inflow.

2M ago

ETHE records +$11.47 million in net inflows on December 9, 2025, contributing to the Ethereum ETF market's +$175.27 million total inflow, the largest single-day inflow since October 28.

Grayscale Bitcoin ETF records daily inflow of $33.8 million USD.

The Grayscale LINK ETF accumulates $70M in assets under management within one week of launch.

Grayscale publishes research stating Bitcoin no longer strictly follows the historic 4-year halving cycle based on recent market behavior.

ETHE records zero net flow on December 8, 2025, halting recent outflows.

December 12 is the deadline for the decision on the VanEck and Grayscale AVAX ETF. Grayscale is ready to launch the SUI ETF.

Grayscale CoinDesk Crypto 5 ETF (GDLC) completes conversion to ETF format and provides U.S. retail access in 2025.

Grayscale files an amendment to their Sui Trust Spot ETF S-1 application with the SEC.

Grayscale publishes a research report on Bittensor highlighting Chutes and Ridges' product/market fit and mentioning Stillcore Capital.

ETHE reports -$31 million in daily outflows, marking a return to negative flows after the December 3 positive inflow.

A private banking loophole in the $64M Grayscale Chainlink ETF debut threatens to sever the connection between Chainlink usage and price.

Grayscale decentralized AI fund includes $TAO (Bittensor).

Grayscale stakes over 70% of its $4.7B ETH ETF holdings following SEC rule changes, while BlackRock files for its own staked ETH ETF.

BlackRock, Fidelity, Grayscale and other ETFs purchase $138.96 million worth of Ethereum.

ETHE records +$27.57 million in net inflows on December 3, 2025, more than triple the previous positive flow of +$8.28 million recorded on November 28.

GLNK ETF opened with $37M in net inflows and over $52M in total assets on its first day of trading.

The Chainlink spot ETF achieves $13m trading volume and $41m inflows on Day 1, with Day 2 tracking similar volume levels.

GDLC becomes available on Vanguard Group, adding a major distribution channel for the ETF.

On 12/2, Grayscale's Ethereum ETF (ETHE) records zero net flow while Grayscale mini Ethereum ETF receives $28.11 million in inflows.

Day 1 metrics show GLINK records higher inflows, volumes, and float percentage than XRP and SOL ETF competitors when adjusted for market cap.

Winklevoss entity purchased 1.5% of ZEC supply at approximately $280 average price with a stated goal of acquiring 5% of total supply; ZEC is up 525% over 6 months with shielded pool increasing during recent market dip.

GLNK debuts on NYSE Arca with $LINK jumping 8% on launch day, marking the first US ETF tied to Chainlink despite the token remaining down 39% year-to-date.

Grayscale products are now live on Vanguard Group platform.

Grayscale research team predicts Bitcoin will reach new highs in 2026, dismissing traditional four-year halving cycle theory due to institutional money flowing into ETFs rather than retail exchanges.

Bank of America will begin CIO coverage of Grayscale's Mini Trust starting January 5, 2026, as one of four bitcoin ETFs recommended for 1-4% crypto allocation, enabling 15,000+ advisers to include it in client portfolios.

Greyscale calls for Bitcoin's new ATH in 2026, citing institutions and US policy breakthroughs as drivers instead of the classic four-year cycle.

Grayscale Ethereum ETFs experience combined outflows of $70.07 million on December 1st, with ETHE losing $49.79 million and the mini ETH fund losing $20.28 million.

Grayscale Chainlink Trust ETF (ticker $GLNK) is now trading with 0% fees.

GLNK Chainlink Trust ETF now trading with 0% fees and tracks spot LINK price plus staking rewards returns. Grayscale sold 8,193 BTC in recent market activity.

ETHE records -$207.1 million in outflows for November 2025, contributing to the Ethereum ETF market's largest monthly outflow since inception at -$1,442.6 million total.

Chainlink ETF launches December 2 on NYSE under ticker GLNK, with AVAX ETF decision deadline on December 12.

Chainlink ETF launches this week as the first spot LINK ETF, converting from private trust to ETF format after SEC filing approval.

Grayscale states Chainlink's technology is becoming core to Real World Assets (RWA).

ETHE records +$8.28 million in inflows on November 28, 2025, marking a return to positive flows after zero net flow on November 26.

Second-day trading volume drops to $365K, down 74% from Day One's $1.4M.

Grayscale's GSOL Solana ETF records $10.42M inflows during SOL ETFs' first negative day since launch. XRP ETFs reach $643M cumulative inflows.

ETHE records zero net flow on November 26, 2025, halting the previous day's $23.3 million outflows.

Files for the first U.S. spot Zcash (ZEC) ETF.

Grayscale files Form S-3 with SEC for Zcash ETF.

Files initial registration statement on Form S-3, advancing toward launch of the first ZEC ETPs.

The ETF's $1.4M Day One volume represents a 90% shortfall against volume forecasts.

ETHE records -$23.3 million in outflows on November 25, 2025, returning to negative flows after the previous day's zero net flow.

Dogecoin Trust ETF (GDOG) records $1.4M in day one trading volume.

$1.4 million volume recorded on Day One of trading.

Grayscale plans to launch the first U.S. spot Chainlink ETF ($GLINK) on December 2, according to ETF analyst JSeyff.

Grayscale's XRP ETF pulls in $67.4M on debut day, contributing to total XRP ETF inflows of $164M that exceed BTC (-$151M), ETH (+$97M), and SOL (+$58M) flows.