grayscale

According to SoSoValue data, on August 13, Eastern Time, the total net inflow of Ethereum spot ETFs was $6.7169 million. The Ethereum spot ETF with the highest single-day net inflow was Grayscale Ethereum Trust ETF ETH, with a single-day net inflow of $6.4748 million, bringing the historical total net inflow for ETH to $1.819 billion.Following that is Morgan Stanley Ethereum Trust MSSE, with a single-day net inflow of $810,300, and the historical total net inflow for MSSE currently stands at $21.8789 million. The Ethereum spot ETF with the highest single-day net outflow was Blackrock ETF ETHA, with a single-day net outflow of $569,200, and the historical total net inflow for ETHA has reached $11.633 billion.As of the time of publication, the total net asset value of Ethereum spot ETFs is $10.572 billion, with an ETF net asset ratio (market value as a percentage of Ethereum's total market value) of 4.64%, and the historical cumulative net inflow has reached $11.453 billion.

Grayscale's research director Zach Pandl released a report stating that despite the recent pressure on Bitcoin's price, Grayscale believes its adoption rate will continue to rise in the medium to long term for three reasons:First, the unsustainable growth of U.S. government debt is raising inflation and currency devaluation risks, which may drive various investors towards scarce assets and value storage tools; second, stablecoins and tokenization will make blockchain ubiquitous in financial services. As technology spreads, more intermediaries will have the infrastructure and regulatory conditions necessary to hold and trade Bitcoin, and Bitcoin will no longer be structurally isolated from the mainstream financial system; third, younger investors show a significantly higher preference for digital assets, and alternative investments have become a standard component of investment portfolios. Institutions, wealth management platforms, and individuals will continue to incorporate Bitcoin into diversified portfolios through tools such as exchange-traded products, a process that is already underway.Grayscale emphasizes that this bear market has not changed its expectations for the continued rise in Bitcoin's adoption rate.

Grayscale Research Director Zach Pandl stated that the global alternative asset market has grown nearly 7 times since the 2008 financial crisis, with the share of private equity, private credit, hedge funds, physical assets, and cryptocurrency in global portfolios continuing to rise. According to the data he cited, within alternative assets, private equity accounts for about 29%, hedge funds about 23%, and cryptocurrency about 13%.Zach Pandl mentioned that differences in intergenerational allocation preferences may further strengthen this trend. According to a Bank of America survey of high-net-worth individuals, investors aged 21 to 43 allocate about 53% of their assets outside of traditional stocks and bonds, while the proportion for those aged 44 and above is 26%. With over $100 trillion in wealth expected to transfer to younger generations in the coming years, their stronger preference for alternative assets may provide ongoing tailwinds for cryptocurrency.He added that the lowering of entry barriers to alternative assets is one of the reasons for this shift, with cryptocurrency developing along similar paths; regulated products like Bitcoin ETPs and institutional-grade market infrastructure provide more convenient access to exposure.

According to the SEC page, Grayscale has submitted 3 Form RWs, withdrawing the S-1 registration statements for Grayscale Cardano Trust ETF, Grayscale Hedera Trust ETF, and Grayscale Polkadot Trust ETF.

Grayscale Research Director Zach Pandl stated that even if the Clarity Act does not pass, the main blockchain operations, the demand for Bitcoin as a store of value, and the growth of stablecoin payments will not be immediately affected, and regulators will fill the regulatory gaps through rule-making.Zach Pandl pointed out that the lack of comprehensive market structure legislation may suppress new investment activities in the U.S., prompting participants in the crypto industry and startups to turn to overseas jurisdictions with clear regulatory frameworks. The U.S. government will continue to support the development of the crypto ecosystem. Strategy co-founder and Executive Chairman Michael Saylor previously stated that regardless of whether the Clarity Act passes, Bitcoin will continue to evolve, but the U.S. needs clarity in digital asset regulation. Senator Bernie Moreno stated that Senate Democrats and Republicans have concluded relevant negotiations and will proceed to a vote.

Zach Pandl, the head of research at Grayscale, published an analysis stating that although the Clarity Act may still reach an agreement on a technical level, the Senate schedule and the political reality of an election year make the likelihood of passing it this year very low, but the impact is limited. The failure of the bill will not immediately affect the operation of major blockchains, the demand for Bitcoin as a store of value, or the growth of stablecoin payments— the industry has been developing without this bill for nearly 17 years. However, the lack of comprehensive market structure legislation may hinder new investment activities in the U.S., including the development of the tokenized securities market and the regulatory framework for digital asset intermediaries. Under the current administration, regulatory guidance has supported the industry through measures such as new rules for institutional custody, improved bank access, staking policies, and the crypto ETP framework. The SEC and other regulatory agencies are expected to continue filling gaps through rulemaking. The lack of comprehensive regulation may lead to more entrepreneurial activities flowing overseas.

According to SoSoValue data, the total net inflow of Ethereum spot ETFs is $92.1509 million. The Ethereum spot ETF with the highest single-day net inflow is Blackrock ETF ETHA, with a single-day net inflow of $81.1376 million, and the historical total net inflow of ETHA has reached $11.611 billion.The second is Grayscale Ethereum Trust ETF ETH, with a single-day net inflow of $4.5496 million, and the historical total net inflow of ETH has reached $1.804 billion. As of the time of publication, the total net asset value of Ethereum spot ETFs is $10.645 billion, and the ETF net asset ratio (the market value as a percentage of Ethereum's total market value) is 4.63%, with a historical cumulative net inflow of $11.406 billion.

According to the 10-Q filing submitted by Grayscale XRP Trust ETF to the U.S. SEC, the fund sold over $180 million worth of XRP in the first half of 2026, with holdings decreasing from 122.23 million coins at the end of 2025 to 55.04 million coins as of June 30. The sale of XRP to redeem shares resulted in a realized loss of $34.16 million, along with an unrealized loss of $17.47 million. During the same period, the price of XRP fell from $1.84 to $1.05, a decline of over 40%.

According to Be In Crypto, Grayscale CEO Peter Mintzberg submitted Form 144 to the U.S. Securities and Exchange Commission (SEC), intending to sell 2,611 shares of Grayscale XRP Trust ETF (GXRP), with a total value of approximately $53,400, equivalent to $20.45 per share.Previously, founder Barry Silbert and Chief Legal Officer Craig Salm submitted a similar application in January of this year, when the price per share was approximately $37, making Mintzberg's selling price about 45% lower.It is noteworthy that the number of GXRP shares outstanding has plummeted from 5.79 million shares to 2.84 million shares in the past six months, a decrease of about 51%, reflecting that redemption pressure continues to exceed subscription. Currently, the total net assets of the U.S. spot XRP ETF are approximately $971.6 million, with GXRP accounting for about 6%.

According to SoSoValue data, the total net outflow of Bitcoin spot ETFs is $49.7544 million. The Bitcoin spot ETF with the highest net inflow in a single day is the Grayscale Bitcoin Trust ETF BTC, with a single-day net inflow of $5.0796 million, and the total historical net inflow for BTC has reached $2.654 billion.The Bitcoin spot ETF with the highest net outflow in a single day is the Blackrock ETF IBIT, with a single-day net outflow of $54.834 million, and the total historical net inflow for IBIT has reached $60.331 billion. As of the time of writing, the total net asset value of Bitcoin spot ETFs is $77.234 billion, and the ETF net asset ratio (the market value compared to the total market value of Bitcoin) is 6.02%, with a historical cumulative net inflow of $51.325 billion.

According to SoSoValue data, yesterday (Eastern Time July 24), the total net outflow of Ethereum spot ETFs was $70.6179 million.The Ethereum spot ETF with the highest net inflow yesterday was Grayscale Ethereum Trust ETF ETH, with a net inflow of $9.9362 million, bringing the historical total net inflow of ETH to $1.810 billion.The Ethereum spot ETF with the highest net outflow yesterday was Blackrock ETF ETHA, with a net outflow of $52.7593 million, bringing the historical total net inflow of ETHA to $11.410 billion.As of the time of writing, the total net asset value of Ethereum spot ETFs is $10.167 billion, with an ETF net asset ratio (market value as a percentage of total Ethereum market value) of 4.53%, and the historical cumulative net inflow has reached $11.183 billion.

According to SoSoValue data, yesterday (Eastern Time July 22) the total net inflow of Bitcoin spot ETFs was $68.987 million.The Bitcoin spot ETF with the highest net inflow yesterday was Blackrock ETF IBIT, with a net inflow of $38.7795 million, bringing IBIT's historical total net inflow to $6.0809 billion. Following that was Grayscale Bitcoin Trust ETF BTC, with a net inflow of $37.8773 million, currently BTC's historical total net inflow stands at $2.649 billion. The Bitcoin spot ETF with the highest net outflow yesterday was Grayscale ETF GBTC, with a net outflow of $38.2963 million, currently GBTC's historical total net outflow is $27.415 billion.As of the time of writing, the total net asset value of Bitcoin spot ETFs is $80.361 billion, with an ETF net asset ratio (market value compared to total Bitcoin market value) of 6.08%, and the historical cumulative net inflow has reached $5.1851 billion.

According to The Block, Grayscale has submitted a registration statement for the Grayscale Worldcoin ETF to the U.S. Securities and Exchange Commission (SEC). The fund will hold the native token WLD of the World Network as a passive investment tool, aiming to make the value per share reflect the value of the held WLD minus fees and liabilities.If approved, the ETF will be listed on Nasdaq, with BNY Mellon serving as the transfer agent and BitGo Bank & Trust serving as the custodian.

Grayscale's research director Zach Pandl stated that if the price of Bitcoin has formed a solid bottom but is consolidating before recovery, a covered call strategy can generate income through Bitcoin volatility while managing spot price exposure. Grayscale assumes a Bitcoin spot price of $65,000 and an implied volatility of 40%, projected until the end of 2026. Under this assumption, the covered call strategy has an annualized return of about 22%, remaining profitable above a breakeven price of approximately $58,500, and outperforming holding spot Bitcoin alone when Bitcoin reaches about $72,500 at expiration.Pandl pointed out that option premiums provide income and downside protection, at the cost of giving up some upside potential when Bitcoin rises significantly. If the Bitcoin spot price falls below the breakeven price, the strategy will still incur losses, but the extent of the loss will be less than directly going long on spot Bitcoin, with the difference equivalent to the call option premium. Grayscale's Grayscale Bitcoin Covered Call ETF, with the ticker BTCC, aims to maximize income generation potential through writing covered calls. The fund does not directly invest in digital assets or initial coin offerings but gains indirect exposure to digital assets through derivatives related to exchange-traded products that hold digital assets.

According to SoSoValue data, the total net inflow for Ethereum spot ETFs is $53.83 million. The Ethereum spot ETF with the highest single-day net inflow yesterday was Blackrock ETF ETHA, with a single-day net inflow of $45.29 million. Currently, the historical total net inflow for ETHA has reached $11.282 billion.The second is Grayscale Ethereum Trust ETF ETH, with a single-day net inflow of $4.5786 million. Currently, the historical total net inflow for ETH has reached $1.814 billion. As of the time of publication, the total net asset value of Ethereum spot ETFs is $10.399 billion, and the ETF net asset ratio (the market value as a percentage of Ethereum's total market value) is 4.48%. The historical cumulative net inflow has reached $11.07 billion.

According to Onchain Lens monitoring, Grayscale transferred 852.7 BTC to Coinbase Prime, worth 54.4 million dollars.

According to SoSoValue data, yesterday (Eastern Time July 13) the total net outflow of Bitcoin spot ETFs was $425 million.The Bitcoin spot ETF with the highest single-day net inflow yesterday was Grayscale Bitcoin Trust ETF BTC, with a single-day net inflow of $53.3762 million, bringing the historical total net inflow of BTC to $2.547 billion. The second was VanEck ETF HODL, with a single-day net inflow of $6.1399 million, currently having a historical total net inflow of $1.142 billion. The Bitcoin spot ETF with the highest single-day net outflow yesterday was Fidelity ETF FBTC, with a single-day net outflow of $246 million, currently having a historical total net inflow of $9.905 billion.As of the time of publication, the total net asset value of Bitcoin spot ETFs was $74.79 billion, with an ETF net asset ratio (market value compared to total Bitcoin market value) reaching 5.99%, and the historical cumulative net inflow has reached $50.852 billion.