grayscale

According to a report by Crypto Briefing, Grayscale's research indicates that the correlation between crypto assets and Bitcoin is decreasing, with Bitcoin currently explaining only about 50% of the return volatility across various crypto sectors.The report breaks down the annualized volatility and the impact of Bitcoin-related factors by sector: the annualized volatility of the currency sector is 49%, with 43% attributed to Bitcoin; the annualized volatility of the smart contract platform sector is 58%, with 38% attributed to Bitcoin; the annualized volatility of the finance sector is 59%, with 30% attributed to Bitcoin; the annualized volatility of the utilities and services sector is 67%, with 30% attributed to Bitcoin; the annualized volatility of the consumer and culture sector is 76%, with 46% attributed to Bitcoin; the artificial intelligence sector has the highest annualized volatility at 85%, with only 35% attributed to Bitcoin.The research points out that Bitcoin's own annualized volatility has recently been around 43%, while the volatility of all sectors tracked by Grayscale is higher than that of Bitcoin. The report suggests that lower correlation does not imply lower risk, but the fact that Bitcoin explains only half of the return volatility means that the other half is driven by factors specific to each sector, providing investors with a reference for assessing which sectors can offer true diversification.

Zach Pandl, the head of research at Grayscale, pointed out that the number of monthly active developers for Zcash has roughly doubled over the past two years, while the broader cryptocurrency developer community has declined from its peak during the same period.About 70% of Zcash's active developers have over a year of experience in cryptocurrency development, which is higher than the overall industry average of 58%. These developers possess expertise in zero-knowledge proofs and post-quantum cryptography research. The article suggests that the continued engagement of developers indicates the network's capability for ongoing improvement. The growing developer community of Zcash combines a strong privacy ethos with the goal of making private digital currencies more accessible. This momentum is expected to continue supporting protocol innovation and may ultimately translate into an increase in ZEC valuation.

According to RootData, yesterday (Eastern Time November 10), the total net outflow of Ethereum spot ETFs was $1.3 million.The Ethereum spot ETF with the highest single-day net outflow was Grayscale Ethereum Trust ETF ETH, with a net outflow of $2 million.Following that was 21Shares ETF TETH, with a net outflow of $400,000.

Grayscale announced the launch of the investor education platform Zcash Invest and placed a cover advertisement in the print edition of The Wall Street Journal to promote Zcash and its Zcash ETF (ZCSH). This promotional campaign will also cover channels such as outdoor advertising, streaming media, and social media.Grayscale plans to use all the initiation fees collected in the first year for ZCSH as an exchange-traded product (ETP) to support the development, promotion, and education of the Zcash network, and plans to provide $1 million in funding to relevant nonprofit organizations and projects.The first $400,000 has been granted to the Zcash Foundation, Pretty Good Policy for Zcash, Shielded Labs, and Project Tachyon, with each receiving $100,000.

According to Onchain Lens monitoring, Grayscale holds 834,900 AVAX, worth 7.2 million dollars.

Grayscale's research director Zach Pandl stated that JPMorgan Asset Management will incorporate Bitcoin into its long-term investment assumptions for 2027, expecting a compound annual return of 10%, higher than other asset classes; the estimated correlation of Bitcoin with U.S. large-cap stocks is 33%.JPMorgan expects Bitcoin's annualized volatility to be 55%, and due to its unstable correlation with other assets, it will exclude Bitcoin from its main portfolio models. Its long-term assumptions also include a return of 7.5% for U.S. large-cap stocks, 9.8% for private equity, 7% for a 60/40 stock-bond portfolio, and 5.5% for gold. JPMorgan describes Bitcoin's investment characteristics as speculative assets and notes that its portfolio allocation role is related to monetary easing; adoption, regulation, and liquidity will all affect its economic characteristics. Grayscale states that the related portfolio returns depend on future returns and changes in the relationships between assets.

According to RootData, yesterday (Eastern Time November 5), the total net outflow of the SOL spot ETF was $1.1761 million.The SOL spot ETF with the highest net outflow for the day was Grayscale ETF GSOL, with a net outflow of $815,100. As of that trading day, GSOL had a historical cumulative net inflow of $127 million.Following that was Invesco Galaxy ETF QSOL, with a net outflow of $360,900. As of that trading day, QSOL had a historical cumulative net inflow of $3.7271 million.As of that trading day, the historical cumulative net inflow of the SOL spot ETF was $1.4667 billion.

Digital asset investment platform Grayscale stated that JPMorgan has included Bitcoin in its 2027 Long-Term Capital Market Assumptions, providing a 10% annual return forecast.Grayscale indicated that Bitcoin is gaining institutional attention due to its high annual returns and a correlation of only 33% with U.S. large-cap stocks.

According to CoinDesk, after the Democratic Party won the U.S. midterm elections and will control both houses of Congress, Grayscale's research director Zach Pandl stated that the foundation for the development of the cryptocurrency industry is stronger than the efforts of the previous Congress. The industry has characteristics of bipartisanship, globalization, and institutionalization, and will not stagnate due to election results.Grayscale previously estimated that 80% to 85% of global cryptocurrency activity occurs outside the United States; however, this data is only indicative, and some metrics cover all of North America. BlackRock's digital assets head Robert Mitchnick stated before the election results were announced that the election would have "little impact" on their product issuance and capital inflows, as Bitcoin and Ethereum already possess most of the regulatory clarity required for investment products.

Zach Pandl, the head of research at Grayscale, published an analysis article pointing out that although the hacking attack on Binance on October 19 raised the security losses in the cryptocurrency industry to over $8 billion, a new high for 2026, the proportion of security losses relative to the total market value of cryptocurrencies has significantly decreased in the long term. Currently, Binance has covered 95% of the affected assets, and customers will not bear the losses.Stablecoin issuers like Tether and Circle have assisted in freezing approximately $2.9 billion of stolen funds, accounting for about 45% of the total stolen amount, which is expected to be returned to Binance. Zach Pandl believes that while this incident has temporarily impacted market confidence, it will ultimately drive all exchanges to establish stricter security practices, while also highlighting the importance of institutional-grade custody, prompting more U.S. investors to gain exposure to cryptocurrency assets through exchanges that offer protections such as segregated accounts, cold storage, multi-signature, and commercial insurance.

Grayscale's HYPG has been listed on Nasdaq, providing investors with exposure to HYPE tokens and supporting staking.The fund began trading on June 3, charging an annual sponsorship fee of 0.29%, and as of October 28, it has assets under management of $186.9 million.

Asset management company Grayscale reported that the privacy cryptocurrency Zcash celebrates its tenth anniversary this week. The report states that Zcash's ability to continuously innovate partly stems from allocating 20% of block rewards for developer funding, with the protocol evolving from the Sprout pool to Sapling and Orchard.Launched in 2026, the Ironwood pool adds quantum-resistant addresses and formal verification to address code vulnerabilities. Grayscale expressed hope and expectation that Zcash will continue to expand transaction capacity and prepare for post-quantum era and AI-driven cybersecurity risks, which may require ongoing funding from multiple parties and efficient allocation.

According to Rootdata, on October 21, 2026 (Eastern Time), the total net inflow of Ethereum spot ETFs for the day was $14.9 million.The Ethereum spot ETF with the highest net inflow for the day was Grayscale Ethereum Trust ETF ETH, with a net inflow of $28.1 million.Following that was Fidelity ETF FETH, with a net inflow of $13 million.

Grayscale announced two lists of the top ten cryptocurrency asset returns. In terms of token holder returns, HYPE, LIT, and CAKE ranked first, second, and third with returns of 8.0%, 7.9%, and 2.6%, respectively, followed by AERO, UNI, RAY, PENDLE, AAVE, JUP, and CRV.In terms of adjusted profit returns, CAKE, LIT, and HYPE ranked first, second, and third with returns of 14.4%, 14.1%, and 9.8%, respectively, followed by RAY, AAVE, JUP, SKY, UNI, AERO, and PENDLE. Grayscale stated that many cryptocurrency assets can be valued based on cash flow, profitability, and capital returned to token holders, without relying solely on narratives.

According to SoSoValue data, yesterday (Eastern Time October 21), the total net inflow of Ethereum spot ETFs was $14.955 million, turning into a net inflow after five consecutive days of net outflows.The Ethereum spot ETF with the highest single-day net inflow yesterday was Grayscale Ethereum Trust ETF ETH, with a single-day net inflow of $28.0693 million, bringing the historical total net inflow of ETH to $2.039 billion. The second was Fidelity ETF FETH, with a single-day net inflow of $13.0333 million, currently having a historical total net inflow of $2.355 billion.The Ethereum spot ETF with the highest single-day net outflow yesterday was Blackrock ETF ETHA, with a single-day net outflow of $29.3239 million, currently having a historical total net inflow of $12.336 billion.As of the time of writing, the total net asset value of Ethereum spot ETFs is $15.358 billion, with an ETF net asset ratio (market value as a percentage of Ethereum's total market value) of 5.05%, and the historical cumulative net inflow has reached $12.825 billion.

Grayscale announced the launch of an in-kind investing mechanism, allowing investors to directly deliver eligible digital assets in exchange for shares of Grayscale's products. Grayscale stated that this mechanism is expected to alleviate the burden of self-custody of assets for investors, reduce potential trading execution costs, and make digital assets easier to incorporate into traditional portfolio management.Currently, this mechanism covers 10 products, including Bitcoin Mini Trust ETF (BTC), Ethereum Staking Mini ETF (ETH), Avalanche Staking ETF (GAVA), Chainlink Trust ETF (GLNK), Dogecoin Trust ETF (GDOG), Hyperliquid Staking ETF (HYPG), Solana Staking ETF (GSOL), Sui Staking ETF (GSUI), XRP Trust ETF (GXRP), and Zcash ETF (ZCSH).

According to SoSoValue data, the total net outflow of Ethereum spot ETFs is $26.1343 million. The Ethereum spot ETF with the highest single-day net inflow is Fidelity ETF FETH, with a single-day net inflow of $3.6318 million, and the historical total net inflow of FETH has reached $2.342 billion. The second is Grayscale Ethereum Trust ETF ETH, with a single-day net inflow of $3.2522 million, and the historical total net inflow of ETH has reached $2.011 billion.The Ethereum spot ETF with the highest single-day net outflow is Blackrock ETF ETHA, with a single-day net outflow of $33.0183 million, and the historical total net inflow of ETHA has reached $12.365 billion. As of the time of publication, the total net asset value of Ethereum spot ETFs is $14.975 billion, and the ETF net asset ratio (the market value compared to the total market value of Ethereum) is 5.01%, with a historical cumulative net inflow of $12.81 billion.

Grayscale Research Director Zach Pandl stated in "The Stack" published on October 20, 2026: AI computing infrastructure stocks have recently declined due to investors' concerns about rising borrowing costs, while the financing needs of related companies are high. The stock index, which includes AI cloud service providers CoreWeave and Nebius, has fallen by approximately 27% since the end of September, according to data from Bloomberg and Grayscale Investments, based on the Indxx High-Performance Computing Index, as of October 19, 2026.Pandl noted: Most of these companies are in early stages and capital-intensive, with some neocloud capital expenditures being several times their current revenue. The top five holdings in the index have a capital expenditure to sales ratio exceeding 230% over the past 12 months, with data as of October 19, 2026. He believes that while stock prices are correcting, the demand and prices for computing power remain stable, with demand for computing power increasing rather than decreasing.He also anticipates: The decline in token prices and the increase in AI agent usage will lead to higher inference demand, thereby supporting the growth of computing power demand; if demand increases and computing power prices remain high, these companies may benefit. He also mentioned the slowdown in GPU depreciation, as well as the overlap between AI computing power and the Bitcoin mining industry, with the possibility of rising Bitcoin prices. Pandl believes: Higher borrowing costs have suppressed computing infrastructure stocks, but the fundamental trend of rising computing power demand remains valid, and this correction should be seen as an opportunity to increase exposure to the energized compute layer.

Cryptocurrency asset management company Grayscale posted on X: Bitcoin's volatility has decreased over the past decade as the asset has matured, with relevant background including deeper liquidity, institutional participation, and regulation.Grayscale stated that over the past year, Bitcoin's volatility has dropped to 43%, down from 81% five years ago, and is now within the volatility range of S&P 500 constituents. The company also mentioned that for investors who are already accustomed to holding highly volatile stocks, Bitcoin's price fluctuations may not be as daunting as previously assumed.

According to on-chain analysis platform Arkham, Grayscale's HYPG has net purchased 7.8 million dollars of HYPE in the past 20 days, during which there were 3 days of capital inflow.During the same period, THYP recorded a capital outflow of 20.9 million dollars. The current price of HYPE is 79.38 dollars.