Il Grayscale Bitcoin Trust ha conquistato i titoli dei giornali negli ultimi mesi. Ecco come funziona e cosa significa per lo spazio crittografico.
Il Grayscale Bitcoin Trust è un veicolo finanziario che consente agli investitori di scambiare azioni in trust che detengono grandi pool di Bitcoin.
Grayscale offre anche molti altri prodotti negoziati in borsa, tra cui Ethereum, Bitcoin Cash e Litecoin.
C’è un modo per investire in Bitcoin direttamente sul mercato azionario: il Grayscale Bitcoin Trust (GBTC) . È uno dei tanti veicoli finanziari che consentono agli investitori di scambiare azioni in trust che detengono grandi pool di Bitcoin, con ogni azione al prezzo abbastanza vicino al prezzo di Bitcoin .
A partire da ottobre 2020, il Grayscale Bitcoin Trust rappresenta $ 6,5 miliardi di asset Bitcoin investiti privatamente. Grayscale, una società di investimento crittografica statunitense che è uno dei maggiori acquirenti di Bitcoin nel mondo, ha lanciato il trust nel settembre 2013. È scambiato con „GBTC“.
Il Trust ha generato titoli grazie alla sua rapida crescita. Il 9 giugno 2020, il Trust deteneva 384.953 Bitcoin. Ciò segna un aumento di circa 70 Bitcoin in quattro mesi e mezzo.
The recent downturn in many DeFi projects suggests an overvaluation, but sales and TVL suggest there is cause for optimism.
At the same time, the great run of decentralized financial services (DeFi) continued, as a result of which the “Total Value Locked”, ie the total assets invested in DeFi projects, rose to more than 10 billion US dollars, although it was for the exchange rates of the DeFi-Kryptos even went down slightly.
As Cointelegraph had previously reported, the Bitcoin Profit crashed at the end of September after Bitcoin ( BTC ) and Ether ( ETH ) had previously fallen. The news that US President Donald Trump was infected with the corona virus then seemed to do additional damage to the DeFi market.
Although Maker ( MKR ), Uniswap ( UNI ), Yearn.finance ( YFI ) and other DeFi cryptocurrencies have suffered significant losses in the past two weeks, a lot of other data suggests that the fundamentals of DeFi cryptos are still strong are.
Makers, Uniswap and Aave deserve special mention, whose sales have increased between 130% and 440% in the last 30 days, although (!) Their prices have all fallen.
It is difficult to measure the exact value of DeFi projects on the basis of standardized key figures, as the projects sometimes differ fundamentally. The most commonly used key figures are sales and Total Value Locked (TVL).
The turnover indicates how much capital DeFi projects earn from their actual product, which in turn shows how the respective demand is and what the mood is on the market.
The Total Value Locked, on the other hand, shows how much assets are invested in a DeFi project. This in turn shows how optimistic the investors are about the project and what market share it has. The TVL is also indirectly linked to the available liquidity and the volume of the staking pools.
As can be seen from the table above, the turnover of the large DeFi projects has increased significantly in the last 30 days. Nonetheless, the associated cryptocurrencies have lost between 20% – 82%. Maker is a good example of this, because while the share price fell by 24% here, sales rose a whopping 449%.
If the TVL of a DeFi project is constant and sales are increasing, then a drop in prices indicates that the mood in the market is currently very cautious. A similar phenomenon can also be seen at Uniswap and Aave, because there are also heavy losses on the table here, while both projects have gained more than 235% in sales.
Jeff Dorman, the head of investment at Arca, explains that the fundamentals, here in the form of sales and TVL, do not necessarily have to develop in the same way as the price. Considering the apparent contradiction between the rising sales and the falling prices of the DeFi projects , Dorman writes :
“Prices and fundamentals don’t always move as you think. The DeFi are a good example of this this month. „