Grayscale Bitcoin Fund Assets Grow 10x Year-Over-Year

Grayscale Bitcoin Fund Assets Grow 10x Year-Over-Year
фото показано с : beincrypto.com

2020-5-24 06:10

Grayscale Investment’s flagship Bitcoin Trust fund has seen a ten-fold increase in assets under management year-over-year.

The average weekly investment in Q1 2019 was just $3.2 million, compared to nearly $30 million this year.

The growth has allegedly been the result of the arrival of ‘institutional money.‘ Long considered the future hope of Bitcoin and cryptocurrencies, large-scale institutional investors would bring massive investment into the space.

Chart courtesy of @kerooke

A number of comments in the tweet suggest that the company’s growth is due largely to small-time investors who are learning about cryptocurrencies.

Interestingly, the $30 million figure represents more than half of all Bitcoin mined each week considering only 900 BTC are mined each day now. With block rewards decreasing, Grayscale has been able to purchase such a large percentage.

Grayscale founder and CEO Barry Silbert weighed in on the tweet as well, hinting that the growth looks to be continuing in Q2.

The post Grayscale Bitcoin Fund Assets Grow 10x Year-Over-Year appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 98222.4 (+0.02%)
Объем 24H $102.288b
Изменеия 24h: 4.61 %, 7d: 10.06 %
Cегодня L: $94006.77 - H: $98752.04
Капитализация $1943.383b Rank 1
Цена в час новости $ 9216.72 (965.7%)

million year-over-year investment grayscale assets bitcoin fund

Источник: beincrypto.com

million year-over-year → Результатов: 6


Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Grayscale launches its own AAVE trust

Grayscale Investments has launched the Grayscale Aave Trust, offering accredited investors a new way to gain exposure to AAVE, the native token of Aave. According to a Grayscale press release, this trust allows investors to indirectly gain exposure to Aave’s…

Grayscale launches AI-focused crypto fund

Grayscale Investments, the largest global crypto asset manager, has introduced the Grayscale Decentralized AI Fund LLC. The Grayscale fund aims to provide investors with exposure to decentralized artificial intelligence (AI) protocols within the crypto space. The fund, which will rebalance…

Продажа долговых обязательств биржи FTX увеличила выручку компании CoinShares на 116%

Генеральный директор CoinShares заявил, что специализирующаяся на цифровых активах инвестиционная компания смогла заработать на успешной продаже своих долговых претензий к рухнувшей в 2022 году криптобирже FTX.

«Халвинг» от Grayscale: биткоин-фонд потерял половину активов

Криптоактивы биткоин-фонда GBTC от Grayscale Investments сократились почти вдвое примерно за три месяца после конвертации в спотовый ETF. Данные: Coinglass. В отличие от других эмитентов вроде BlackRock или Fidelity инвестиционная структура компании стартовала на Нью-Йоркской фондовой бирже, оперируя примерно 619 220 BTC.

CEO Grayscale спрогнозировал стабилизацию оттоков из GBTC

Отток средств из Grayscale Bitcoin Trust ETF (GBTC) исчерпал себя. Об этом заявил CEO компании Майкл Сонненшайн, пишет Reuters. Топ-менеджер объяснил свои ожидания завершением ряда сделок по реализации GBTC обанкротившимися фирмами.