Head of Research @grayscale. Opinions are my own. Disclosure: https://xitter.cf/t.co/ojLj461iVI

Stamford, CT
Joined November 2021
Read and subscribe to Grayscale's crypto research blog The Stack grayscale.com/the-stack
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Zach Pandl retweeted
Top 10 Tokenholder Yield: $HYPE, $LIT, $CAKE, $AERO, $UNI, $RAY, $PENDLE, $AAVE, $JUP, $CRV Top 10 Adjusted Earnings Yield: $CAKE, $LIT, $HYPE, $RAY, $AAVE, $JUP, $SKY, $UNI, $AERO, $PENDLE Crypto valuations don’t have to rely on narratives alone. Many crypto assets can be valued on their cash flows, earnings, and capital returned to tokenholders. Read more on The Stack: grayscale.com/the-stack/brin…
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Zach Pandl retweeted
*most things are DCF. Love that this topic is (finally) becoming more prominent in this asset class. Check this out from @Grayscale Crypto valuations don't have to rely on narratives alone. Onchain applications generate measurable economic value through earnings and capital returns, providing investors with a foundation for fundamental valuation. @LowBeta @charlieperk4 🤝 grayscale.com/the-stack/brin…
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Fitting that Bitcoin Bad Boy played at the Chain Theatre It was a super fun story about Bitcoin, memecoins, pardons, and true believers Last show is on Sunday
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Zach Pandl retweeted
Graphics Processing Unit (GPU) rental prices are hitting new highs, yet compute stocks are sitting near one-year lows. As AI agent demand continues to accelerate, compute scarcity is set to deepen. The Grayscale AI Compute ETF $GCPU offers exposure to the businesses powering the compute economy. Learn more: etfs.grayscale.com/gcpu.
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Zach Pandl retweeted
Grayscale has expanded the ability for investors to deliver crypto in exchange for ETF shares… Here’s the approx minimum $$$ amount of each crypto needed to do this. This space is evolving *quickly*.
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Zach Pandl retweeted
Solana is now 95% faster trillions
biggest upgrade in solana history today
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Zach Pandl retweeted
Introducing in-kind investing at Grayscale: contribute eligible digital assets directly in exchange for shares of a Grayscale product. Benefits for investors include: - Reduced burden of self-custody - Potentially lower execution costs - Incorporation into conventional portfolio management In-kind is now available for 10 Grayscale products: - Grayscale Avalanche Staking ETF ($GAVA) - Grayscale Bitcoin Mini Trust ETF ($BTC) - Grayscale Chainlink Trust ETF ($GLNK) - Grayscale Ethereum Staking Mini ETF ($ETH) - Grayscale Dogecoin Trust ETF ($GDOG) - Grayscale Hyperliquid Staking ETF ($HYPG) - Grayscale Solana Staking ETF ($GSOL) - Grayscale Sui Staking ETF ($GSUI) - Grayscale XRP Trust ETF ($GXRP) - The Zcash ETF ($ZCSH) Learn more about in-kind: grayscale.com/campaign/in-ki…
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Using Fable for data analysis is like having the world's best statisticians on speed dial
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$ZEC starting to ask questions
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Zach Pandl retweeted
AI compute infrastructure stocks ($CRW, $NBIS) have taken a beating of late. But compute demand continues to grow. This is an opportunity to add exposure to the AI compute layer. Read more on The Stack: grayscale.com/the-stack/comp…
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Grayscale's report on valuing crypto with cashflows, featuring $AAVE: research.grayscale.com/repor…
Aave will be the backbone of all finance.
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How to swap into shielded Zcash Just in case
The super easy process to get shielded Zcash $ZEC: 1. Download Zodl wallet @zodl_app 2. Select "swap" 3. Choose source chain and asset (e.g. $USDC on Ethereum) 4. Enter refund address (just in case swap fails) 5. Get quote and confirm 6. Send funds on source chain to address provided (this sets up the swap functionality powered by $NEAR intents) 7. Once transaction is confirmed on source chain, select "I've sent the funds" 8. That's it! By default the wallet deposits to a shielded Zcash address
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Very cool research from the Grayscale team: Bitcoin’s one-year realized volatility is 43%, down from a 10-year average of 64% and 81% five years ago. That’s now lower than 19% of S&P 500 constituents.
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🧀🧀🧀
Green Bay is elite Americana
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$HYPE 1yr chart in log scale (with my hand drawn trend line)
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