The market capitalization of bitcoin has hit a new all-time high above $330 billion, up from its previous high of $328.89 billion on December 16, 2017.

Over the last 30 days, Bitcoin has been experiencing an incredible bull run that saw its price break through the $18,000 mark. Aggregate ETP volumes have, as a result,  have surged 53% and several products have demonstrated above market returns, CryptoCompare’s Digital Asset Management Review shows.

Grayscale Investments has broken above $10 billion in digital assets under management for the first time. The firm manages funds for bitcoin, bitcoin cash, ether, horizon, ether classic, litecoin, XRP, stellar, and zcash.

Sponsored: Blockfills announced in May that it would be providing financial solutions to mining companies who wish to purchase new generation ASIC mining equipment to restructure or grow their operations in North America. Since the first deployment of funding went out in August, Blockfills has now committed $50M in financial support to these miners in North America.

Top stories in the Crypto Roundup today:

• Bitcoin’s Market Capitalization Hits New All-Time High
• ETP Volumes Surge 53% Amid Bitcoin Bull Run
• Grayscale’s Assets Under Management Surpass $10 Billion
• BTC, ETC, YFI Are Moving in the Crypto Market
• Sponsored: Blockfills Leads Financing Business to Miners, launches North American mining pool

Bitcoin’s Market Capitalization Hits New All-Time High

The market capitalization of bitcoin has hit a new all-time high above $330 billion, up from its previous high of $328.89 billion on December 16, 2017.

Bitcoin’s market cap is now of $337.5 billion as the cryptocurrency is currently trading at $18,200 and is getting closer to its previous all-time high close to $20,000. While the cryptocurrency’s price hasn’t yet hit its all-time high, its circulating supply has grown since late 2017.

There are currently 18,546,718 BTC in circulation, out of the 21 million that will ever exist. The halving that saw bitcoin block rewards from 12.5 BTC to 6.25 BTC per block took place earlier this year, effectively reducing the number of new coins entering the market.

ETP Volumes Surge 53% Amid Bitcoin Bull Run

Over the last 30 days, Bitcoin has been experiencing an incredible bull run that saw its price break through the $18,000 mark. Aggregate ETP volumes have, as a result,  have surged 53% and several products have demonstrated above market returns, CryptoCompare’s Digital Asset Management Review shows.

Bitcoin’s bull run has seen average November ETP volumes have increased by 53.5% to $173.5mn/day. ETC Group’s BTCE product saw the largest market cap boost, doubling to $116 million, while WisdomTree’s BTCW experienced a 65% rise to $79 million. 3iQ’s Bitcoin Fund (QBTC), surpassed the $100 million mark in October, and since then has risen to $167 million.

BTC Group’s BTCE, which trades on the Deutsche  Börse XETRA  saw its average volumes triple in November to $8.87 million per day, while 3iQ’s QBTC volume has increased 52.8% to $2.29 million a day.

3iQ’s Bitcoin Fund (QBTC-U) experienced the highest 30-day returns at 49.1%, followed by WisdomTree’s BTCW (39.1%) and Grayscale’s GBTC (38.4%). Grayscale’s Digital Large Cap Fund (GDLC) experienced a 30-day loss of 20.6% over the last 30-days.

Grayscale’s Assets Under Management Surpass $10 Billion

Grayscale Investments has broken above $10 billion in digital assets under management for the first time. The firm manages funds for bitcoin, bitcoin cash, ether, horizon, ether classic, litecoin, XRP, stellar, and zcash.

The firm’s assets under management have grown by nearly $3 billion so far this month, with price appreciation of the cryptocurrencies in its funds being a factor in the appreciation. Grayscale’s inflows also played a role, as last week alone the firm took in $252.3 million.

Shares in Grayscale’s funds are offered only to accredited investors, although most of them can be publicly traded on over-the-counter markets. The firm holds over 500,000 BTC, worth over $9.1 billion, in Bitcoin Trust product GBTC.

BTC, ETC, YFI Are Moving in the Crypto Market

There are several tokens leading the charge in the last 24-hour period. Some of these are well-known cryptocurrencies with rather liquid trading pairs, so we’ll be focusing on these over low-cap cryptos who may have higher percentage changes.

Bitcoin (BTC) – The flagship cryptocurrency bitcoin is up 8.58% in the last 24-hour period. Bitcoin’s bull run this year started after publicly traded firms like MicroStrategy bet on the cryptocurrency as a treasury reserve asst, and after PayPal launched a new feature to let its users buy, sell, and hold crypto.

Ethereum Classic (ETC) – Ethereum Classic, the blockchain created through the part of the Ethereum blockchain’s community that opposed the hard fork and the return of The DAO funds, is up 13.23% in the last 24 hours. ETC won’t be moving to a Proof-of-Stake consensus algorithm like Ethereum for now.

Yearn.Finance (YFI) – Decentralized finance yield aggregator Yearn.Finance has seen its YFI token rise by 11.59% in the last 24 hours.

Blockfills Leads Financing Business to Miners, launches North American mining pool

November 18th, Chicago, IL - Blockfills, a global leader in digital asset liquidity, technology and financial services announces a significant milestone in their leading financial services product. Blockfills announced in May that it would be providing financial solutions to mining companies who wish to purchase new generation ASIC mining equipment to restructure or grow their operations in North America. Since the first deployment of funding went out in August, Blockfills has now committed $50M in financial support to these miners in North America.

“Financial support is a primary function of any growing asset class”, says Partner and Director, Neil Van Huis. “Our objective is to continue bringing traditional practices to our rapidly growing sector which fill voids and advance the space. $50M is really just the beginning.”

Blockfills didn’t stop there. These miners being financed, they make up a meaningful portion of all North American mining. Blockfills has launched a mining pool that rivals some of the titans of this industry for clients looking for a more “full-service” solution.

“The launching of our mining pool is an example of our commitment to full service solutions for professionals and institutions in this space”, says Blockfills Co-Founder, Gordon Wallace. “Clients can get technology, access, execution, research and financial support all under one roof”. Wallace, an expert in building client focused financial solutions, has an esteemed career in the global banking and hedge fund industries at such firms as Deutsche Bank, Credit Suisse and Citadel.

Blockfills team, which has deep expertise in traditional asset classes and derivatives, plans on expanding their options portfolio and launching hashrate products. “We have always listened to the space regarding hashrate derivatives and feel that our most recent business developments have led us to the doorstep of these interesting and in-demand instruments”, reports CEO, Nick Hammer. “We think the time is now to build purpose-filled products as many more well capitalized and established players enter the space”.

For more information, please contact Blockfills at Sales@Blockfills.com or visit their website. 

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