July 24, 2024

Investments in the Grayscale cryptocurrency fund are already $ 2.7 billion!

Grayscale Crypto Fund Investments Continue to GrowInvestments in the Grayscale cryptocurrency fund are already $ 2.7 billion!
Director of Sales and Business Development at GrayscaleShe said that in the second quarter of 2019, the flow of investments in the cryptocurrency fund almost doubled.

Rayhaneh Sharif-Askary noted that in the second quarter of this year, the fund received $ 85 million of client funds, with 84% of this money coming from institutional investors.

Grayscale is one of the world's largestasset managers working in the cryptocurrency field. The fund provides several cryptocurrency trusts, allowing institutional clients to invest in digital assets “as if they were traditional securities.”

Sharif Askari has denied all myths that institutional investors keep aloof from cryptocurrencies:

“I am often asked about this. The media is constantly interested in when institutional investors begin to enter the industry, when they begin to invest. This is funny, because we see that institutional clients are constantly investing with us for a long time. ”

Sharif-Askari also noted that she was pleased to launch a trading platform for institutional investors Bakkt and hopes for the emergence of new companies in the industry:

“We are a fairly small team and cannot be the only ones involved in training investors and providing access to this class of assets,” she said.

According to Sharif Askari, in the second quarter of thisInstitutional investors turned their attention to altcoins over the years - about a quarter of investments were placed in altcoin trusts. Perhaps this signals that institutional investors have finally mastered the cryptocurrency industry.

In August of this year, the investment company Grayscale Investments transferred its cryptocurrency assets totaling $2.7 billion for safekeeping to the custodial division of Coinbase.

source: https://bits.media/investitsii-v-kriptovalyutnyy-fond-grayscale-prodolzhayut-rasti/

This article once again proves the prospects of investing in cryptocurrencies. Investors invest and mostly these are not individuals, but legal entities!