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Crypto Corner Podcast 508: Stocks discussed: (OTCQB: $INTV) (OTC: $GBTC) (TSX: $BTCG-U.TO) (TSX: $GLXY.TO) (TSXV: $BNXA.V)

Bitcoin Back in the Green, Grayscale Begins Dissolution of XRP Trust and Reports Q4 Results, CI Global Asset Manager Reopening CI Galaxy Bitcoin Fund, and Banxa Reports Record Orders

 

Point Roberts, WA and Delta, BC - January 14, 2021 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news brings you today's edition of the Crypto Corner podcast and commentary on what's driving cryptocurrency stocks and the crypto market.  Today's podcast was sponsored by Integrated Ventures (OTCQB: INTV), a company focused on acquiring, launching and operating assets in the cryptocurrency sector.

Listen to today's Crypto Corner Podcast:

https://www.investorideas.com/Audio/Podcasts/2021/011421-CryptoMarket.mp3

Crypto Corner Podcast 508: Stocks discussed: (OTCQ: $INTV) (OTC: $GBTC) (TSX: $BTCG-U.TO) (TSX: $GLXY.TO) (TSXV: $BNXA.V)

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Stocks discussed: (OTC:GBTC) (TSX:BTCG-U) (TSX:GLXY) (TSXV:BNXA)

Bitcoin (BTC) is very much in the green again, having risen over $5,000 in the last day to reclaim a trading price of about $39,630 at press time, according to data from CoinMarketCap. This is very close to its all-time high of nearly $42,000, which it reached on January 8.

Many altcoins have followed Bitcoin into the green over the past 24 hours, but the beleaguered XRP is currently registering a loss of 1.5 percent. Just today, Grayscale Investments announced that it has commenced dissolution of Grayscale XRP Trust in response to the SEC's action against Ripple. According to the press release, Grayscale Investments "has liquidated the Trust's XRP and intends to distribute the net cash proceeds to Trust shareholders, after deducting expenses and providing appropriate reserves and subject to any applicable withholding."

Grayscale Investments also released its Digital Asset Report for Q4 2020, analyzing the investment activity across all of its products. According to the press release, Grayscale "raised more than $5.7 billion across its family of investment products, more than four times the $1.2 billion cumulative inflows the firm received from its inception in 2013 through the end of 2019." Grayscale Bitcoin Trust (OTC:GBTC) led with inflows of $2.8 billion in the period discussed.

Canadian investment manager CI Global Asset Management has filed and obtained a receipt for a preliminary prospectus to reopen CI Galaxy Bitcoin Fund (TSX:BTCG-U). The Fund is described as "a closed-end investment fund that seeks to provide unitholders with exposure to bitcoin through an institutional-quality fund platform." According to the press release, Galaxy Digital Holdings Ltd. (TSX:GLXY) "acts as the bitcoin sub-advisor for the Fund," and "executes all bitcoin trading on behalf of the Fund."

Digital assets payments service provider Banxa Holdings Inc. (TSXV:BNXA) reports that it processed a record $2.27 million USD worth of orders for a 24-hour period in January 2021, up significantly from a year ago, when it processed $4 million for the entire month of January 2020. Holger Arians, CEO of Banxa, commented:

"Since 2014 we've been working hard to provide a seamless, simple, low-cost payments platform for cryptocurrency exchanges and it is exciting to see how our global customers have responded. We continue to expand our footprint by engaging new clients such as Swyftx. The overall rise of digital currencies in the market have only increased the appetite for our "Plug-and-Play" Fiat Onramp which allows seamless access to digital currencies via multiple payment methods and Banxa is ready to meet those needs."

Sam Mowers, Investorideas

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Crypto Corner Podcast sponsor

Integrated Ventures (OTCQB: INTV) is focused on acquiring, launching and operating assets in the cryptocurrency sector.

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