Ethereum classic investment trusttm

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Content:

• The Ethereum Classic Investment Trust (ETCG) Explained
• How to buy Ethereum Classic (ETC)
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• GRAYSCALE ETHEREUM CLASSIC TRUST (ETC) overview
• Grayscale Ethereum Classic Trust (ETC)
• Ethereum Classic Price Prediction: How Long Can It Keep Going Up?
• Grayscale Ethereum Classic Trust (ETC) (ETCG)
• Ethereum Classic (ETC)

WATCH RELATED VIDEO: Ethereum Classic Investment Trust Scam! SEC Enforcement in Crypto?

The Ethereum Classic Investment Trust (ETCG) Explained

Market capitalization is one of the most popular metrics in finance. It was first introduced in the stock market and has been adapted to the crypto world where it is used to value cryptocurrencies. Crypto market cap has its supporters and its critics. Supporters view market cap as a simple, albeit incomplete way to rank cryptoasset projects. Critics insist that market cap is not a measure of value but a crude expression of the price investors are willing to pay. Both sides make valid points.

Crypto market cap is calculated by multiplying the circulating supply of a coin by its current price. As with stocks, cryptocurrencies are classified in terms of market cap. In the world of stocks, the higher the market cap, the safer the investment.

In the world of cryptocurrencies, a high market cap is less meaningful. If the market cap of a cryptoasset is high, it means that it trades at a high price, has a high circulating supply, or both. If the market cap is low, it signals that the price per coin is low, there is little circulation, or both.

This is all that market cap can reveal about a cryptocurrency. Nothing more. Crypto market cap is a source of controversy. There are those who claim that market cap reflects the amount of fiat currency invested in a cryptoasset. This is wrong. Consider an influx of new investors to a project with low trading volume. Absolutely not. The new market cap merely reflects the price that the last investor was willing to pay.

Another example: take a new cryptocurrency with a circulating supply of , All that said, when considered with other indicators, crypto market cap can be useful. Liquidity measures the degree to which an asset can be bought or sold without causing a major price change.

In most cases, high volume and high liquidity mean a healthy market that is difficult to manipulate. Indeed, a classic way to measure the quality of a cryptocurrency is to check whether its trading volume is equal to or greater than its market cap. Crypto market cap has major drawbacks, yet it remains the go-to indicator for many investors, analysts, and commentators.

This is unfortunate. At best, market cap can serve as a jumping-off point for evaluating a cryptocurrency. But it is only truly helpful when used in tandem with other metrics like trading volume. Although market cap is, at best, an incomplete indicator of cryptoasset quality more on that here , in some cases, it can be a useful starting point for analyzing an investment opportunity.

For example, high market cap could indicate that a cryptocurrency is resistant to volatility. Low market cap indicates the opposite, that major news events or whale activity can significantly impact price. However, crypto market cap can only take you so far. Over time, the simplicity of market cap has made it the most popular way to compare cryptoassets.

For this reason alone, crypto market cap matters. Experienced investors will usually consider multiple indicators, but there are some who base their decisions exclusively on market cap. Crypto exchanges use market cap as a way to determine which coins to list — coins with higher caps are more likely to make it.

Exchange data aggregators tend to rank projects by market cap. Project owners take market cap seriously enough to spend time and money manipulating the circulating supply or price of their tokens. This is just one reason why crypto market cap is considered a misleading or unreliable indicator. As the crypto space matures, better tools will be developed that will provide market participants with in-depth, actionable information.

When that happens, market cap will likely lose its place as the leading crypto indicator. The market reached this level on January 7, Crypto market cap is calculated the same way as stock market cap, by multiplying the circulating supply of an asset by its price in fiat currency e. The calculation gets trickier when an asset is traded against another asset.

Price depends on who makes the calculation. The general price is calculated as a composite of spot prices used on crypto exchanges. For index funds, which have recently become popular, the calculation is adjusted to include variation in trading pair prices. The price that you see on online news aggregators Google, for example is usually the average price at which an asset trades on leading exchanges.

In the crypto space, the problem of inadequate pricing is well-known. Most pricing index issuers fail to detail how they price instruments or where they get their data. At Nomics, we strive to set this right. Our methodology takes the price at which an instrument last traded on each exchange, weighted by the general trading volume over the past 24 hours.

More on our methodology here. When it comes to supply, it is worth noting that the calculation depends entirely on the token and the mechanics of its protocol. Although Bitcoin has a finite supply 21 million , most tokens are designed with a dynamic supply that increases over time. When calculating the market cap of a particular cryptoasset, it is the circulating supply that should be taken into account. Circulating supply is the number of tokens that are currently available on the market.

Circulating supply is a better metric than total supply because it excludes coins that are reserved or locked. To find Bitcoin's market cap, locate the value in the "market cap" column associated with the Bitcoin record in the table above. It is worth noting that, due to the finite supply of Bitcoin, at some point, circulating supply and total supply will be equal. Some investors view low market cap as synonymous with high profit potential.

That is why many market participants favor cryptocurrencies with low market caps. They believe these currencies have more room for price appreciation. Others view low market cap cryptocurrencies as ground-floor opportunities. Whatever the reasoning, low market cap cryptocurrencies are popular investments. Nomics lists cryptocurrencies with market caps as low as a few thousand dollars. However, you should avoid choosing an investment by market cap alone. Consider additional factors such as recent price changes, trading volume, circulating supply, and transparent volume, a feature unique to Nomics that shows the percentage of trading volume that occurs on reputable cryptocurrency exchanges.

For more on transparency volume, see here. Market capitalization is often used to indicate the value of a company or stock. It is calculated by multiplying the total number of shares outstanding by the price per share.

Investors calculate the value of a cryptocurrency by multiplying its circulating supply by its current price. Though stock and crypto investors use the same indicator, the calculation differs in some respects. To calculate the market cap of a company, multiply shares outstanding by the current price per share. Shares outstanding reflects all stocks that are currently held by shareholders. It even includes restricted shares held by corporate staff and share blocks held by institutional investors.

Price, on the other hand, is affected by internal factors such as profit, expected profit, and plans for growth. How investors perceive these factors influences supply and demand and determines the price of a stock.

To find the market cap of a cryptocurrency, multiply circulating supply by current price. Circulating supply is similar to shares outstanding but only includes tokens that are available in the market. It excludes coins that are reserved or locked. The price of a cryptocurrency is usually calculated as an average of the spot price at which the instrument trades on leading exchanges. Cryptocurrency pricing in the context of index funds happens in a slightly more sophisticated way and is adjusted to include variation in trading pair prices.

Although market cap is used to value both companies and cryptocurrencies, there are differences in the way it is applied.

For instance, shares outstanding takes into account all issued shares, including those held by corporate officers and big investors. Circulating supply ignores reserved or locked coins. As a result, crypto market cap only includes assets that are available for trading. If crypto market cap followed the same logic as stock market cap, it would be based on total supply. A far more accurate calculation is achieved by using circulating supply.

For more on the cons of using total supply, see the next question below. Another difference is pricing mechanics. While most stocks have fixed issuance mechanisms, in the case of cryptocurrencies, many protocols are designed to expand continuously, thus inflating token supply over time. To compensate, one must analyze market cap in a broader context. The first cryptocurrency, Bitcoin, was launched in This goes to show how young the cryptocurrency market is compared to the stock market, which has had centuries to mature.

We often make the mistake of copying stock market metrics and trying to shoehorn them into the world of cryptocurrencies. So is the case with market capitalization. Market cap is applied to both stocks and cryptocurrencies, but there are differences in how the metric works in each case.

How to buy Ethereum Classic (ETC)

Grayscale is best known for its flagship product, the Grayscale Bitcoin Trust, which owns a massive amount of Bitcoin that it has packaged into shares that trade on the public market. The Bitcoin Trust and other Grayscale products provide a way for investors, including some large funds that are ineligible to buy crypto directly, to get exposure to various cryptocurrencies. Grayscale first launched the Ethereum Classic product in Those investors are then able to sell the shares to the general public once a lock-up period of six or twelve months has elapsed. In the past, shares of the Grayscale Bitcoin Trust have traded well above the price of the underlying Bitcoin held in the trust—but that has change significantly in recent months as the shares have traded at a discount.

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The Linux Foundation provides a neutral, trusted hub for developers to code, manage, and scale open technology projects. This Linux Foundation Report seeks to understand the demographics and dynamics concerning overall participation in open source communities. Linux Kernel mentees break open source glass ceiling »Read Blog Post. The Linux Foundation enables companies to drive global innovation by growing open technology ecosystems that transform industries. The key to a successful open technology project is to ensure a neutral playing field for all developers, technologists, and companies to collectively contribute to project evolution and growth. The Linux Foundation was built on the idea of the democratization of code and scaling adoption, for all projects equally. Expert legal and governance support programs ensure everyone is on the same playing field. The promise of open source runs the gamut from the smallest academic research projects to enterprise innovations that can transform industries and create new markets. At the Linux Foundation, we have a proven track-record of helping aspiring projects to create new technology categories by identifying trends early, and igniting the adoption of innovative, upcoming technologies by building and scaling developer ecosystems. The biggest hurdle for any project is preparing for enterprise-wide adoption.

GRAYSCALE ETHEREUM CLASSIC TRUST (ETC) overview

It was created after the DAO hack on the Ethereum network. The hard fork was performed to return the stolen funds to the original addresses. Ethereum Classic is an open-source smart contract network that hosts and supports decentralized applications DApps. It provides a permissionless way to manage digital assets without the need for third parties, such as banks and other institutions. Signing up for a Binance account will allow you to buy, sell, and hold cryptocurrency.

Grayscale Ethereum Classic Trust (ETC)

Retired Money. By Jonathan Chevreau on January 24, Inflation and other factors are making investors rethink what a safe investment means, plus how to balance out an all-weather portfolio. Even bonds and bond funds, typically considered the safest of investment—suffered losses in , as interest rates were poised to rise. Now that central banks have said they will hike rates soon, such losses seem destined to continue in and beyond. Meanwhile, stocks look determined to retreat from the all-time highs they reached in the year following the short-lived initial COVID bear market.

Ethereum Classic Price Prediction: How Long Can It Keep Going Up?

Online group has raised ETH Shiba Inu's trading volume over the last 24 hours has surpasses that of Bitcoin, following a stunning rally. Ethereum vs Ethereum Classic: learn everything about their history, ideology and the key differences before choosing what cryptocurrency to invest in. Our Global Offices. Indices Forex Commodities Cryptocurrencies Shares. CFD trading Charges and fees.

Grayscale Ethereum Classic Trust (ETC) (ETCG)

Ethereum Classic, an offshoot of Ethereum platform that came into existence following the hard fork is going the Bitcoin way. A renowned Bitcoin and blockchain investor, Barry Silbert is expected to launch an Ethereum Classic fund by the end of this month. The new fund will bear similarities to the existing Bitcoin Investment Trust. Ethereum Classic started off well, rising in value due to increased initial demand.

Ethereum Classic (ETC)

RELATED VIDEO: ⭐️Massive Ethereum Classic Price News - Analyst Provides ETC Crypto Update

Financial Industry Regulatory Authority, Inc. As such, it derives its value entirely from the value of the ETC it holds. As explained in the press release:. It enables investors to gain exposure to the price movement of ETC without the challenges of buying, storing, and safekeeping ETC. As of April 30, , each Share of the Trust represents ownership of 0.

Grayscale Investments, a cryptocurrency investment firm that belongs to the Digital Currency Group has just released a statement indicating their intent to file for the creation of new shares for their Ethereum Classic Investment Trust. For those of us who are more familiar with directly buying and holding digital currencies, it may be at first difficult to understand what the purpose of such an investment trust. The idea behind the trust is that it allows traditional, stock market investors access to cryptocurrencies, without needing to concern themselves with the technical issues surrounding, buying, holding, and selling them. Additionally, by purchasing shares in the trust, tax compliance issues are simplified by making ownership no different than that of any other stock or bond. Shares in the Bitcoin Investment Trust represent 0. Grayscale has been a long-standing proponent of the Ethereum Classic technology. This announcement is also likely intended to coincide with the ETC summit that began on November

In the last 24 hours alone, for instance, the crypto shed more than a percent of its value. It can be observed from the snapshot attached below that this metric rapidly rose in October and hit a yearly high. Nonetheless, it fell back as quickly as it rose in the same month and was seen quite close to its local bottom, at the time of writing. Source: Santiment.