What is grayscale

In February , Grayscale announced that the Grayscale Ethereum Investment trust would resume the private placement of its shares. After years of trading at high premiums, in February , the GBTC began trading at a discount, meaning that it traded at a rate that was lower than its net asset value NAV. Marlton, LLC, an investment management firm with a large stake in the GBTC, sent a letter to Grayscale on April 6, , recommending that the company address this through a modified Dutch auction tender offering, which would mean Grayscale seting a price range at which they would be willing to repurchase shares, allowing shareholders to liquidate holdings by tendering them within that range.

Grayscale announced on August 2, , that it had selected Coinbase Custody to serve as the custodian for the digital assets underlying its products. Coinbase Custody is a New York State regulated trust company.

Click HERE to listen. From CryptoMarketsWiki. Jump to: navigation , search. Grayscale Investments. Yahoo Finance. Should Investors Worry? Investment Trust Tanks. Grayscale via GlobeNewsWire. A digital image usually contains both color information and luminance or grayscale.

If you remove the color information, you are left with grayscale, resulting in a black and white image. Grayscale is an important aspect of images, and it is the only portion that is not removed; otherwise, a pure black image would result no matter what color information there is.

A digital image is composed of groups of three pixels with colors of red, green and blue RGB , also called channels in digital imaging. Each channel also contains a luminance value to determine how light or dark the color is.

To get a grayscale image, the color information from each channel is removed, leaving only the luminance values, and that is why the image becomes a pattern of light and dark areas devoid of color, essentially a black and white image. Most digital imaging software applications, even the most basic ones, are able to convert an image to grayscale. This is also very important when printing, since it only consumes black ink, as opposed to printing in color, which consumes all three print colors cyan, magenta and yellow as well as black.

By: Justin Stoltzfus Contributor, Reviewer. By: Satish Balakrishnan. Dictionary Dictionary Term of the Day. Accredited investors are able to buy shares of the fund directly at the net asset value NAV —the market value of the share — in daily private placements, and sell them on the secondary market to retail investors after a 6-month lockup period. Secondary market shares have the ticker GBTC and tend to trade at a premium — a higher price than the NAV — which varies depending on investor demand at the time.

A variety of investors, including retail and some institutions, prefer to access bitcoin via public markets. The Grayscale Bitcoin Trust allows investors to speculate on bitcoin without having to buy it directly. This eliminates the need to organize the safe storage and custody of the digital asset, and saves a number of associated costs.

It also allows institutional investors to complete large buy orders with minimal slippage compared to centralized crypto exchanges which often lack sufficient liquidity. Because GBTC shares are a form of traditional security, there is also much clearer tax guidance and the opportunity to hold shares in a number of tax-advantaged accounts, such as Roth IRAs or k s.

Anyone can purchase the secondary market GBTC shares using platforms such as Fidelity or Schwab, however, only accredited investors can participate in the daily private placements. When the Grayscale Bitcoin Trust first went live almost 8 years ago, only accredited investors could purchase the shares.

According to the latest company reports , the top 5 largest holders of GBTC shares are:. Grayscale provides investors with a range of similar trusts that track a variety of different cryptocurrencies, including;.