Editor's Note: This article comes fromBlock beats BlockBeats (ID: BlockBeats), reprinted by Odaily with authorization.
Editor's Note: This article comes from
Block beats BlockBeats (ID: BlockBeats)
, reprinted by Odaily with authorization.
On December 30th, Grayscale updated the daily asset management scale changes on Twitter as usual, but the cut-off time for the statistical data on the trust share on the official website has changed, from the previous "November 30th" to an earlier On "August 31st", errors occurred in the website data that caused a large amount of official website data to be crawled.
According to the statistics of Rhythm, the trusts that changed the deadline include Stellar (XLM) trust, ZEN trust, XRP trust, and ZEC trust.
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Deadline for statistical data of each trust on Grayscale’s official website
The remaining trusts, including BTC Trust, BCH Trust, ETH Trust, ETC Trust, and LTC Trust, will update data in real time after the OTC market closes. Therefore, the reduction data is normal, and it belongs to the trust management fee that Grayscale sold in the form of tokens.
The public information disclosed by Grayscale shows that the XLM, ZEN, XRP, and ZEC trust shares held by it cannot be traded through the OTC market. Therefore, some investors believe that investors may be redeeming, which leads to a decline in Grayscale's holdings. Therefore, Rhythm has calculated the asset management scale of all Grayscale trusts in the past month.
In December, the asset management scale of Grayscale XLM Trust did not drop significantly. The main reason for the decline in the XRP trust asset management scale is that the price of XRP in the secondary market has fallen, and it has no direct relationship with Grayscale's reduction of holdings. Therefore, Grayscale Trust has not carried out a large amount of reduction, and at the same time, trust investors have not carried out redemption.
Of course, the market's worries are unreasonable. Due to the lawsuit filed by the US SEC against Ripple, Coinbase, the largest cryptocurrency trading platform in the United States, has announced plans to suspend XRP trading on January 20, 2021. Since Grayscale's XRP trust cannot be traded in the OTC market, investors currently do not seem to have a good exit channel. At the same time, whether Grayscale will liquidate the XRP trust is still unknown.
