Grayscale: Bitcoin Acted Like a High‑growth Tech Trade in Early February, not a Stable ‘Digital Gold’
Grayscale’s take was blunt: during the early-February drawdown, Bitcoin traded less like a defensive store of value and more like a growth-oriented technology asset. The firm tied that conclusion to correlation data and flow behavior, arguing that Bitcoin’s short-term price action looked like a classic risk-off unwind in growth portfolios rather than anything uniquely “crypto-native.”
Ethereum ETFs Register $110 Million Inflow as Institutional ETH Holdings See Large Outflows
Ethereum exchange-traded funds logged a $110 million net inflow on January 26, 2026, even as other institutional channels showed sizable withdrawals earlier in the week. The key signal is the contrast: capital is rotating into regulated ETF wrappers while some direct ETH exposure is being reduced or reshuffled.
Grayscale Expands Assets Under Consideration to 36 Altcoins for Q1 2026
Grayscale expanded its quarterly “Assets Under Consideration” list on January 13, 2026, increasing coverage to 36 altcoins from 32 in the prior quarter. In our view, this is a concrete signal that Grayscale is widening its research funnel while tightening thematic focus into H1 2026.
SEC Extends Review of PENGU and T. Rowe Crypto ETF Filings as Grayscale Seeks Options Approval
The U.S. Securities and Exchange Commission extended the review timelines for two proposed crypto ETFs—a Pudgy Penguins (PENGU) fund and a T. Rowe Price active crypto product—adding roughly 45 days of additional evaluation. The extensions were processed under the SEC’s 19b-4 pathway, giving the agency more runway to assess market structure, investor protections, and manipulation […]
Grayscale applies to convert its Zcash Trust into a spot ETF; ZEC could exceed $600
The S-3 filing by Grayscale to convert the Grayscale Zcash Trust into a Zcash spot ETF reconfigures institutional access to ZEC and has already shifted market behavior. The announcement, aimed at listing under the ticker ZCSH on NYSE Arca, arrives during heightened volatility and ahead of a November 2025 halving, placing $600 as a decisive […]