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Grayscale Investments

also referred to as: grayscale

10 statements across 1 episodes · 6 bullish · 0 bearish · 1 people on the record · first statement Mar 11, 2021 by Michael Sonnenshein · said 37 times in 7 episodes since 2021 · across every show →

Mentions by year

brought up most by Ted Seides (23), Michael Sonnenshein (14)

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2022 6 mentions in 6 episodes 1 per episode
2021 31 mentions in 1 episode

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Everything said about Grayscale Investments, oldest first

Mar 11, 2021 bullish
Assertion Supported
Sonnenshein: Institutional allocators are rotating out of gold funds into Bitcoin
“Some investors are carving out some of their gold allocation and moving it into digital assets like Bitcoin. We don't find it the least bit coincidental that we saw some of the largest outflows on record from gold funds in Q four of last year when Bitcoin star…”
Michael Sonnenshein Mar 11, 2021 ▶ 39:46 Crypto for Institutions 2 – Michael Sonnenshein – A Path to Entry (Capital Allocators, EP.181)
Mar 11, 2021 neutral
Assertion Supported
Sonnenshein: GBTC accounts for about 80% to 82% of Grayscale AUM
“Bitcoin, or the Grayscale Bitcoin Trust is now probably occupying, let's see, call it about 80, 82% of our AUM, which has actually been coming down in value. It actually used to constitute A larger percentage of the Grayscale product families AUM.”
Michael Sonnenshein Mar 11, 2021 ▶ 21:59 Crypto for Institutions 2 – Michael Sonnenshein – A Path to Entry (Capital Allocators, EP.181)
Mar 11, 2021 neutral
Assertion Supported
Sonnenshein: Grayscale operates its $40 billion asset manager with 30 employees
“We are now 30 people strong.”
Michael Sonnenshein Mar 11, 2021 ▶ 44:44 Crypto for Institutions 2 – Michael Sonnenshein – A Path to Entry (Capital Allocators, EP.181)
Mar 11, 2021
Assertion Supported
Sonnenshein: Grayscale publicly traded products persistently trade at NAV premiums
“In pretty much all instances, to your point, on the public market, these products have persistently traded at premiums to their net asset values, and it's important to share, one, we don't trade in the public market.”
Michael Sonnenshein Mar 11, 2021 ▶ 36:03 Crypto for Institutions 2 – Michael Sonnenshein – A Path to Entry (Capital Allocators, EP.181)
Mar 11, 2021 bullish
Disclosure
Sonnenshein: Institutional investors started adopting Ethereum-first strategies in 2020
“Twenty-twenty saw two new groups from our standpoint. One was the emergence of the Ethereum-only or Ethereum-first investor, which was just really interesting. I think kind of going alongside the proliferation and interest that we've It's seen in DeFi or decen…”
Michael Sonnenshein Mar 11, 2021 ▶ 38:12 Crypto for Institutions 2 – Michael Sonnenshein – A Path to Entry (Capital Allocators, EP.181)
Mar 11, 2021 bullish
Assertion Supported
Sonnenshein: Grayscale is the PIMCO or Vanguard of digital currencies
“So Grayscale is the world's largest digital currency asset manager, and so Grayscale is to digital currencies, maybe what PIMCO is to bonds or Vanguard is to indices.”
Michael Sonnenshein Mar 11, 2021 ▶ 10:22 Crypto for Institutions 2 – Michael Sonnenshein – A Path to Entry (Capital Allocators, EP.181)
Mar 11, 2021 positive
Assertion Supported
Sonnenshein: Grayscale manages $40 billion in crypto assets as of 2021
“And let's see, seven and a half years later, I'm now CEO of the company and we manage forty billion dollars.”
Michael Sonnenshein Mar 11, 2021 ▶ 10:06 Crypto for Institutions 2 – Michael Sonnenshein – A Path to Entry (Capital Allocators, EP.181)
Mar 11, 2021 positive
Insight
Sonnenshein: Crypto valuation requires analyzing on-chain data rather than DCF models
“Investors should be thinking about valuing these assets in a way that is distinct from the way that they may look at valuation for more traditional assets, where they're, they might be able to do a discounted cash flow, For Coca-Cola, but for Bitcoin, they act…”
Michael Sonnenshein Mar 11, 2021 ▶ 31:06 Crypto for Institutions 2 – Michael Sonnenshein – A Path to Entry (Capital Allocators, EP.181)
Mar 11, 2021 neutral
Disclosure
Sonnenshein: Grayscale relies on sister firm Genesis for all asset sourcing
“So our authorized participant and does all of our sourcing and trading for us is our sister firm called Genesis. They're a broker dealer based here in New York.”
Michael Sonnenshein Mar 11, 2021 ▶ 33:33 Crypto for Institutions 2 – Michael Sonnenshein – A Path to Entry (Capital Allocators, EP.181)
Mar 11, 2021 bullish
Disclosure
Sonnenshein: Grayscale has every institutional client type except sovereigns
“I'd say today we're proud to have every kind of institution out there as a client, maybe except for sovereigns.”
Michael Sonnenshein Mar 11, 2021 ▶ 43:27 Crypto for Institutions 2 – Michael Sonnenshein – A Path to Entry (Capital Allocators, EP.181)
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