{"id":60678,"date":"2022-04-27T12:10:56","date_gmt":"2022-04-27T09:10:56","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=60678"},"modified":"2025-09-05T04:43:53","modified_gmt":"2025-09-05T01:43:53","slug":"grayscale-investments-to-enter-the-european-market","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/grayscale-investments-to-enter-the-european-market\/","title":{"rendered":"Grayscale Investments to enter the European market"},"content":{"rendered":"<p>The American digital asset manager Grayscale Investments is preparing an expansion into Europe. CEO Michael Sonnenshein told <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-04-26\/grayscale-to-expand-into-europe-s-competitive-crypto-fund-market\">Bloomberg<\/a>.<\/p>\n<p>According to him, no decision yet on which countries and products will be first. He is also discussing timelines with local partners. It is expected that Grayscale will conduct a series of pilot tests on several markets.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cAlthough the EU is unified, we do not view the entire European market as a single one. Instead, we will be very thoughtful and methodical about each financial centre for a launch. Because we recognise differences in investor behaviour and attitudes, as well as in regulatory regimes,\u201d Sonnenshein said.<\/p>\n<\/blockquote>\n<p>As of April 26, assets under management across 14 single-asset crypto investment funds totaled about $30 billion. Of these, roughly $24.5 billion were in the Bitcoin Trust.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Here\u2019s a look at our 14 single asset crypto investment funds as of 4\/25\/2022.<br \/>AUM and other stats on all Grayscale products are updated daily on our website: <a href=\"https:\/\/t.co\/1WBt5qD8Zo\">https:\/\/t.co\/1WBt5qD8Zo<\/a><a href=\"https:\/\/twitter.com\/search?q=%24BAT&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BAT<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24BCH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BCH<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24ETC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETC<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24FIL&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$FIL<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24LINK&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$LINK<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24LPT&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$LPT<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24LTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$LTC<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24MANA&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$MANA<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24SOL&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$SOL<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24XLM&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$XLM<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24ZEC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ZEC<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24ZEN&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ZEN<\/a> <a href=\"https:\/\/t.co\/ELHwldtB7r\">pic.twitter.com\/ELHwldtB7r<\/a><\/p>\n<p>\u2014 Grayscale (@Grayscale) <a href=\"https:\/\/twitter.com\/Grayscale\/status\/1518731468427694084?ref_src=twsrc%5Etfw\">April 25, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Bloomberg notes that the firm will face stiff competition as it expands in Western Europe. According to the agency, more than 80 exchange-traded crypto products are listed in Western Europe, with total assets of $7.1 billion.<\/p>\n<p>Among the main providers of such instruments are: CoinShares, <a href=\"https:\/\/u1f987.com\/en\/news\/21shares-gains-bx-swiss-listing-for-ftx-token-and-decentraland-based-etps\">21Shares AG<\/a> and <a href=\"https:\/\/u1f987.com\/en\/news\/euronext-to-list-vanecks-physically-backed-bitcoin-and-ethereum-etns\">VanEck<\/a>.<\/p>\n<p>On European exchanges, spot crypto exchange-traded products <span data-descr=\"exchange-traded product\" class=\"old_tooltip\">ETP<\/span> are traded. In the United States, the regulator has not approved any applications to launch such products yet.<\/p>\n<p>Earlier, Grayscale anticipated <a href=\"https:\/\/u1f987.com\/en\/news\/dcg-chief-confirms-plans-to-convert-grayscales-bitcoin-trust-into-an-etf\">transformation of its Bitcoin Trust into an ETF<\/a>. In March, Sonnenshein described this <a href=\"https:\/\/u1f987.com\/en\/news\/grayscale-makes-converting-its-bitcoin-trust-into-an-etf-its-top-priority\">the most important priority<\/a> for the company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Grayscale Investments plans expansion into Europe, according to CEO Michael Sonnenshein, as reported by Bloomberg.<\/p>\n","protected":false},"author":1,"featured_media":60679,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[733,943],"class_list":["post-60678","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-europe","tag-grayscale-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"11","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/60678","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=60678"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/60678\/revisions"}],"predecessor-version":[{"id":60680,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/60678\/revisions\/60680"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/60679"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=60678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=60678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=60678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}