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.
Grayscale's Bitcoin ETF recorded $20.1M inflows Feb 6; LINK ETF consistent inflows, offsetting prior outflows.
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x.com/grayscaleETHE ETF recorded zero net flow on February 27, 2026.
Received recognition in the Cryptocurrency category at the 23rd Annual Gramercy Institute Financial Marketing Strategy Awards for the 2025 Idioms campaign.
Recorded $6 million in daily net inflows to its Bitcoin ETF on February 26, 2026.
Recorded ETHE daily inflow of $6.6 million on February 26, 2026.
GBTC (Grayscale Bitcoin ETF) recorded net inflows of $102.5 million on February 25, 2026.
ETH mini recorded net inflows of $25.6 million on February 25, 2026.
Recorded $19.3 million in net inflows to its Bitcoin ETF on February 25, 2026.
Recorded $33.9 million in daily inflows for ETHE on February 25, 2026.
Recorded net inflow of $11.08 million into Grayscale Ethereum Mini Trust (ETH) on February 24, 2026, while Grayscale Ethereum Trust (ETHE) recorded zero net flow.
Recorded zero net flow in its Ethereum ETF (ETHE) on February 24, 2026.
Partnered with Space and Time (SXT).
Filed for ETF application for ZEC token.
Grayscale's ETH mini ETF recorded zero net flow on February 23, 2026.
Grayscale's ETHE ETF recorded zero net flow on February 23, 2026.
Attending Global Alts Miami conference hosted by iConnections to discuss digital assets and their role in portfolios.
Increased ADA weighting in Smart Contract Fund to 20.12%, up from 19.50%.
Grayscale's ETHE and ETH mini Ethereum ETFs recorded zero net flows on February 21, 2026.
Highlighted SUI in top assets as momentum plays heading into 2026 ETF considerations.
Experienced a net outflow of $18.44 million in its ETH mini Ethereum ETF product on February 19, 2026.
Recorded zero net flows for ETHE on February 19, 2026.
Recorded zero net flow in ETHE (Ethereum ETF) on February 18, 2026.
Launched SUI Staking ETF (GSUI) on NYSE Arca February 19, 2026, and NASDAQ February 18, 2026, with Canary Capital, becoming the third spot SUI product.
Experienced zero net flow into ETHE ETF on 2026-02-17.
Recorded zero net flow for ETHE product on 2026-02-14, while Grayscale mini ETH product recorded $11.32 million in net inflows on the same date.
Filed 12 ETF applications that reference HBAR, among other firms.
Launched Aave ETF on NYSE.
Recorded zero net inflows for its XRP spot ETF on February 13, 2026.
Grayscale's Ethereum ETF (ETHE) recorded zero net flow on February 13, 2026.
Grayscale's Ethereum mini ETF (ETH) recorded a net inflow of $14.51 million on February 13, 2026.
Filed S-1 for AAVE spot ETF, converting Aave Trust, and for ADA spot ETF.
Experienced net outflow of $4.43 million from ETH mini (Grayscale mini Ethereum ETF) on February 11, 2026.
Experienced net outflow of $11.47 million from ETHE (Grayscale Ethereum ETF) on February 11, 2026.
Recorded zero net flow for its Bitcoin ETF on February 11, 2026.
Attended a Ripple event.
Holds 163,000 BTC (valued at approximately $11.2B) via GBTC as of February 2026.
Holds ETH via ETHE spot ETH ETF with AUM of approximately $5.0B as of February 2026.
Operates ETH Mini Trust with AUM of approximately $1.0B as of February 2026.
Grayscale's Bitcoin ETF recorded 20.1 million USD in daily inflows on February 6, 2026.
GLNK sees consistent inflows with zero net outflows since launch, offers 0% fees as of February 26, 2026.
Experienced net outflow of $35.2 million from BTC (Bitcoin ETF) on February 5, 2026.
Experienced net outflow of $27.1 million from ETHE (Ethereum ETF) on February 5, 2026.
Presented at CoinDesk's Consensus Hong Kong conference on February 19, 2026, with CEO Peter Mintzberg and Chief Legal Officer Craig Salm discussing market structure, regulatory clarity, and institutional adoption.
Recorded zero net flows in ETHE (Grayscale Ethereum ETF) on February 4, 2026.
Recorded net inflow of $8.2 million to ETHE ETF on 2026-02-03.
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.
Bitcoin Mini Trust ETF (ticker: BTC) became available for trading on Morgan Stanley E*Trade platform on January 28, 2026.
Experienced net outflows of $14.6 million from its ETHE (Ethereum ETF) on January 27, 2026.
Recorded $7.7 million inflow to BTC ETF on January 26, 2026.
Recorded zero flow to ETHE ETF on January 26, 2026.
Recorded net inflows of $7.9 million into ETHE (Ethereum ETF) on January 22, 2026.
Ray_scale, Head of Product & Research, speaks at InnovateDenver conference on February 18, 2026 during ETHDenver, discussing tokenized real-world assets and institutional adoption.
Experienced net outflows of $38.5 million from ETHE (Grayscale Ethereum Trust) on 2026-01-20.
Filed an S-1 registration statement for a NEAR ETF.
Acquired 70.76 BTC and distributed 48,000 ETH on January 16th, 2026.
Experienced net inflows of $32.4 million into ETHE (Ethereum Trust) on 2026-01-14.
Dartmouth College acquired 178,148 shares valued at $4.9 million as of December 31, 2025, representing a new position.
Has 30+ crypto assets under consideration for future investment products, including BNB, HYPE, BONK, and KAITO.
Registered a BNB exchange-traded fund entity in Delaware, with an ETF decision pending with regulatory authorities.
Filed S-1 registration with the SEC for an Ethereum Trust by Morgan Stanley on January 7, 2026.
Experienced net outflow of $32.7 million from Bitcoin ETF on January 6, 2026.
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.
Recorded daily net inflow of $17.9 million into the Bitcoin ETF on January 5, 2026.
Grayscale conducted the first distribution under the 1933 Act for its spot crypto ETF on January 5, 2026.
Recorded $6.4 million in daily inflows to its Bitcoin ETF on January 2, 2026.
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.
Achieved a +19.2% return in 2026 year-to-date as of January 2nd.
Experienced a net outflow of $13 million from its Spot Ether ETF during the week ending December 29, 2025.
Experienced a net outflow of $16.6 million on December 26, 2025.
Crypto ETP products have received $87 billion in inflows since January 2024.
Experienced a net outflow of $25.4 million from its Bitcoin ETF on December 22, 2025.
Recorded a daily inflow of $53.7 million into the Grayscale ETHE ETF on December 22, 2025.
Grayscale's ETHE (spot ETH ETF) holds approximately $10 billion in AUM as of December 2025.
Holds approximately $1.3 billion in assets under management as of December 2025.
Recorded zero net flow in BTC Bitcoin ETF on December 19, 2025.
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.
Predicts DeFi perpetual platforms like Hyperliquid will post open interest and daily volumes comparable to major centralized exchanges in 2026.
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.
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).