2018-7-20 01:17 |
Setting the record straight, Barry Silbert, CEO of Grayscale Investments LLC, tweeted his company’s investment report, which shows that “56% of $250 mm raised till date came from institutional investors.”
Institutional Investors While the progress made by Grayscale is quite encouraging, perhaps the most salient finding is where the money is coming from.
The report states that 56 percent of its investment came from institutional investors, with an average investment of $848,000.
Institutional investors might favor it more because its value is directly related to the market, much like the index fund these traditional investors are probably accustomed to.
Grayscale Investments LLC is a one-stop shop for investors who want to benefit from digital currencies without actually holding them.
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