Kiffmeister’s #Fintech Daily Digest (02/07/2021)*

Grayscale’s Crypto Assets Under Management Soar Past $30 Billion — ‘Institutions Are Here

Grayscale’s net total crypto assets under management now stands at $30.4 billion, with Grayscale Bitcoin Trust at $24.3 billion and Ethereum Trust at $5.0 billion. and in the seven days since re-opening the Ethereum Trust on February 1, after being closed since December 21, 2020, Grayscale added 104,990 ETH, worth $180 million.

Rock Legend Gene Simmons Talks Bitcoin: Musician Believes China Is Behind the Ripple Lawsuit, Dollars Are Based on Nothing

The American musician, co-lead singer, and bassist for the rock band Kiss, Gene Simmons, has been very talkative about cryptocurrencies during the last two weeks. And both he and Rapper Snoop Dogg have been expressing their support for the “Doge Army” over the weekend alongside Tesla CEO Elon Musk. The price of  dogecoin (DOGE) soared more than 36% after the three tweeted a meme of a Shiba Inu, the dog breed that represents the DOGE token.

* The views expressed herein are those of the author and should not be attributed to the International Monetary Fund, its Executive Board or its management.