March 28, 2024

Israeli Pension Fund invests $ 100 million in Grayscale Bitcoin Trust

Israeli Pension Fund invests $ 100 million in Grayscale Bitcoin Trust

The Altshuler Shaham Fund invested in GBTC in the middle of last year when Bitcoin was trading around $21,000.

Altshuler Shaham –one of the largest investment funds in Israel, which manages $ 50 billion in assets.

Grayscale Bitcoin Trust, launched in 2013 – This is the largest Bitcoin fund that offers investments in Bitcoin. The Grayscale fund is owned by Digital Currency Group.

According to the latest estimates, Grayscale wallets hold around $ 42.1 billion in cryptocurrency.

As a reminder, Grayscale filed a number of new trust applications in early February, including the Yearn Finance and SushiSwap trusts.

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Based on materialswww.coindesk.com