FINRARegulated
United States Crypto Asset Investment Advisory License (IA)
Grayscale
Regulated in United States
Crypto Asset Investment Advisory License (IA)
Regional Exchange
Basic Information
Country/RegionUnited States
Exchange AbbreviationGrayscale
Company NameGRAYSCALE SECURITIES, LLC
Operating Period2-5 years
Websitehttps://etfs.grayscale.com/
Phone number866-775-0313.
RiskNotice
3 risk alerts
- License No.
- CRD # 314868/SEC#:801-122921
- Regulatory Jurisdiction
- United States
- Licensed Entity
- Grayscale Advisors, LLC
- Effective Date
- 2022-01-03
- Sharing Status
- No
Exchange Overview
Exchange Overview
The crypto asset powering 24/7 markets
Business Region
InfluenceA0
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News
Grayscales Zach Pandl says Fed pause may mark Bitcoin bottom
Bitcoin has fallen more than 50% from its $125,000 cycle peak, but Grayscales Zach Pandl has argued that the cryptocurrency may have already reached its bottom if the Federal Reserve stops raising interest rates. Grayscale Research has presented two competing views of when the current Bitcoin bear market could end, with one based on the assets four-year cycle and the other tied to economic growth, real interest rates and Fed policy. Pandl, Grayscale‘s head of research, favors the second explanation because Bitcoin has increasingly behaved like a mature asset affected by the same macroeconomic forces that influence other major markets. Under that view, stable growth and an end to rate hikes could allow Bitcoin’s latest low to hold. Bitcoin is a macro asset and it trades with macro variables (eg growth and policy expectations) If the Fed doesnt hike $BTC may have already bottomed, even if the 4yr cycle framework implies longer bear market The cycle-based model offers a less favorable timeline. According to Grayscale, Bitcoin has historically reached a bottom about one year after its cycle peak and roughly two and a half years after each halving. Previous bear markets have also produced average drawdowns of around 80%. Following that pattern, Grayscales analysis indicates that
Grayscale filing reveals 100 wallets hold 90% of Worldcoin
Grayscale‘s new SEC filing for a Worldcoin ETF reveals that just 100 wallets hold approximately 90% of all circulating $WLD — a concerning level of centralization for co-founder Sam Altman’s “coin for the world.” These numbers contrast with the tokens whitepaper, which outlined a simple goal tied to eyeball-scanning orbs and token giveaways around the globe: “The majority of $WLD tokens will be claimed by individuals simply for being verified unique humans.” It would be bad enough if that were Worldcoins only decentralization failure. Unfortunately, the filing also acknowledges the projects dependence on a centralized sequencer, upgrade functionaries, bridge operators, and governance that rarely uses its own so-called governance token. All-time chart of $WLD. Source: TradingView, Binance One of the aforementioned $WLD wallets is 0x470458C91978D2d929704489Ad730DC3E3001113, the bridge between Ethereum and World Chain, and likely represents multiple users. Grayscale discloses Worldcoins actual tokenomics The admissions come not from critics but from Grayscale, a sponsor that wants to bundle up $WLD tokens into a Nasdaq-listed ETF and sell shares to retail investors. Grayscale filed its S-1 application for its ETF on July 20, proposing to list on the Nasdaq under the ticker symbol GWLD. Its risk factors state plainly, “As of the date of this filing, the largest 100 $WLD wallets
