Grayscale

Last week, I had the pleasure of speaking with @paulvigna at the @AmerBanker ON-CHAIN Executive Summit on what it takes to build a durable digital asset business. Across the summit, a few themes emerged: - Tokenization is accelerating across the industry - Financial institutions are embracing blockchain for real efficiency gains - The next phase is convergence across traditional finance and digital assets The direction is clear, and I am excited for Grayscale to help bring this next phase of the market to life.

Read the full Crypto Sectors Quarterly from Grayscale Research here: research.grayscale.com/market-comment…

🆕 Crypto Sectors Quarterly: AI and Tokenization Shine Amid Geopolitical Turmoil Macro volatility and geopolitical risk drove negative returns across all sectors, but Grayscale Research believes the full story is more constructive. • Tokenization surged: +245% YoY in tokenized assets • Stablecoin volume doubled YoY • AI-linked tokens outperformed as demand for onchain rails grows

With the war in Iran in its fourth week, crypto assets have shown small gains, outpacing the S&P500, Silver, Gold and Global Bonds. Read @LowBeta's latest article on The Stack and subscribe here: grayscale.com/the-stack/cryp…

$SUI continues to deepen their ecosystem with the launch of Hashi last week. Grayscale was an early supporter of @SuiNetwork $Sui, and our conviction has only deepened as the network has evolved.

Grayscale Bitcoin Mini Trust ETF (“BTC” or the "Fund"), an exchange traded product, is not registered under the Investment Company Act of 1940 (or the ’40 Act) and therefore is not subject to the same regulations and protections as 1940 Act registered ETFs and mutual funds. The Fund is subject to significant risk and heightened volatility. The Fund is not suitable for all investors and an investor may lose all their money. An investment in the Fund is not a direct investment in Bitcoin. Brokerage fees and other expenses may still apply. Please read the prospectus carefully before investing in the Fund: etfs.grayscale.com/btc-prospectus Foreside Fund Services, LLC is the Marketing Agent for the Fund

See important disclosures, or speak directly to a team member: $BTC: etfs.grayscale.com/btc

Looking for a low-fee Bitcoin fund? Try the Grayscale Bitcoin Mini Trust ETF (ticker $BTC), our low-fee fund (just .15%) available directly in your investment account.

ZCSH is speculative and entails significant risk, including the risk that an investor could lose their entire investment.

Privacy matters. @Zcash's approach stresses optional privacy over mandatory privacy - giving users and applications a choice between shielded or transparent behavior based on needs. Grayscale Zcash Trust (Ticker: $ZCSH) is the only way to get pure exposure to @Zcash $ZEC in the U.S. in your brokerage account. See important disclosures and learn more about $ZCSH: grayscale.com/funds/grayscal…

@SECGov The registration statement has not yet become effective. Shares may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective.

Today we filed the initial S-1 for Grayscale HYPE ETF (ticker: $GHYP) with the @SECGov. Read the S-1: sec.gov/Archives/edgar…

@nvidia @chamath @theallinpod Private placement securities are speculative, illiquid, and entail a high level of risk, including the risk that an investor could lose their entire investment.

@nvidia @chamath @theallinpod Learn more about the $GTAO Grayscale Bittensor Trust and see important disclosures: grayscale.com/funds/grayscal…

$TAO is entering the mainstream conversation @nvidia CEO Jensen Huang talking $TAO with @chamath on @theallinpod. FYI: Grayscale Bittensor Trust $GTAO is open for private placement for eligible accredited investors.

SEC's new interpretive guidance released this week, categorizing crypto assets into 5 distinct groups. Non-security crypto asset examples from the SEC included: $APT $AVAX $BTC $BCH $ADA $LINK $DOGE $ETH $HBAR $LTC $DOT $SHIB $SOL $XLM $XTZ $XRP Read @LowBeta's latest article on The Stack and subscribe here: grayscale.com/the-stack/sec-…

Quick, tell us what's in your crypto starter pack ⬇︎

Just another day talking to a room of hundreds of financial advisors about digital assets... Grayscale SVP of ETF Capital Markets, Krista Lynch, spoke with @NateGeraci at @exchangeETF about portfolio allocation and how clients are looking at crypto assets beyond Bitcoin.

Another round of speakers joining InnovateMiami during Consensus 2026: @tklocanas (@strobefund) @0xave (@frachtisvc) @LowBeta_ (@Grayscale) @kyleArojas (@ethereumfndn) Join us May 6 at The Bass in Miami Beach for panels, networking, and curated 1:1 meetings with leading investors and builders. Register now: innovate.thetie.io

Bitcoin still dominates digital currencies (~90% market share). But if anything’s going to chip away at that over time, writes @lowbeta, Zcash $ZEC is worth watching. Why? → Privacy: $BTC is fully transparent. Zcash lets users shield transactions (sender, receiver, amount). → Momentum: Shielded usage is rising, and new capital is flowing into the ecosystem. $ZEC is only ~$4B today (~0.3% of the category). If it even reached 5% share, it's value would be 18x greater Read @LowBeta's latest article on The Stack and subscribe here: grayscale.com/the-stack/zcas…