Grayscale on Crypto 📈🪙

Their multi-crypto ETF hit the Wall Street.

Welcome to Fintech Wire — your quick guide to what’s shaping finance and tech today.

What we’ll cover today:

🏀 Kevin Durant’s lost password turned into a bitcoin jackpot

📊 Grayscale’s multi-crypto ETF hits Wall Street

💡 Why fintech leaders say this is just the beginning

NBA star Kevin Durant and his agent Rich Kleiman can’t access his Coinbase bitcoin account, but it’s actually paying off.

🚨 Breaking News
Durant lost his Coinbase login for years, meaning no bitcoin was sold. His agent jokes the mistake made them richer.

⚡ Wire Simplified

  • Durant started buying bitcoin back in 2016 while with the Golden State Warriors.

  • Prices then: $360 to $1,000. Prices now: ~$116,000.

  • He and his agent can’t reset the Coinbase account.

  • Coinbase says password resets are easy via app.

  • Durant is also a Coinbase investor and partner.

✔️ Straight to the Point
Durant’s lost password turned into a jackpot, proving sometimes mistakes pay better than plans, at least when bitcoin keeps rising.

🎤 Ever lost access to an account with money in it?

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Grayscale Investments just launched America’s first crypto index fund ETF, bundling bitcoin, ether, XRP, Solana, and Cardano together.

🚨 Breaking News
The SEC approved Grayscale’s multi-token ETF, letting investors buy one fund for exposure to the five biggest cryptocurrencies.

⚡ Wire Simplified

  • New ETF trades on NYSE as ticker GDLC.

  • Holds 70% bitcoin, 20% ether, rest in XRP, Solana, Cardano.

  • Covers over 90% of crypto market cap.

  • Has gained 40% in 2025, outpacing bitcoin itself.

  • First US multi-crypto ETF ever approved.

✔️ Straight to the Point
Grayscale’s ETF makes crypto investing simple, but critics warn it could make risky assets feel too safe for casual investors.

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Date: 2-3 Dec 2025 | Location: London, UK

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