XRP Shows Increase In Institutional Interest

2018-10-10 15:30

The Grayscale Investments released new numbers which show which digital currencies are bringing in institutional investors.

According to the company, over 12% of investors are leaning towards XRP in the companies Digital Large Cap fund, which is an increase on the previous 9.9% in the last quarterly review by the company.

Over the past few months, there has been a decreased interest in Bitcoin Cash, Ethereum and Litecoin, which are some of the biggest digital assets in the crypto space. However, there was still an increase for Bitcoin, similar to XRP.

From 30th June to 30th September this year, “Grayscale’s Digital Large Cap Fund Asset Weight” shows:

Litecoin – 2.4% to 2.1%

Bitcoin Cash – 6.5% to 5.5%

Ethereum – 23.6% to 13.1%

Ripple – 9.9% to 12.5%

Bitcoin – 57.6% to 66.8%

However, despite this dominance for Bitcoin, Bloomberg has reported that Grayscale Bitcoin Investment Trust has reached a low with net asset value since December last year when Bitcoin was on a huge high trading at almost $20,000. Shares in Grayscale Bitcoin Investment Trust are down around 80%.

The investment firm – based in New York – recently published a report in July which shows that over 55% of investments in the first half of 2018 came from institutional investors.

Grayscale still maintains several digital currency investment trusts, which includes the Bitcoin Investment Trust, Ethereum Investment Trust, Ethereum Classic Investment Trust, Litecoin Investment Trust, XRP Investment trust, the Zcash Investment Trust and Bitcoin Cash Investment Trust. Overall, the company looks over more than $1.5 billion in digital assets.

Currently, all the aforementioned digital currencies are in the red with Bitcoin down 1.23% over the past day and priced at $6.554.35. Bitcoin Cash is also down with a 1.85% decrease in the past 24 hours and priced at $508.96. Litecoin is down 2.35% and worth $57.59 per coin. Ethereum is down 1.41% and each ETH is worth $225.55. And finally, XRP is down 3.24% over the past day and is worth $0.466 per token.

What are your thoughts? Let us know what you think down in the comments below!

References:

The Daily Hodl

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1538128067916-0'); });

The post XRP Shows Increase In Institutional Interest appeared first on Crypto Daily™.

origin »

Bitcoin price in Telegram @btc_price_every_hour

Digital Rupees (DRS) на Currencies.ru

$ 6.38E-5 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $6.38E-5 - H: $6.38E-5
Капитализация $32.611k Rank 99999
Цена в час новости $ 6.55E-5 (-2.6%)

bitcoin investment trust down digital xrp ethereum

Источник: cryptodaily.co.uk

bitcoin investment → Результатов: 126


Фото:

Japan’s Metaplanet stock soars 89% after disclosing investment in Bitcoin

Shares of Japanese listed firm Metaplanet saw over 89% gains after the firm disclosed it accumulated JPY 1 billion ($6.5 million) worth of Bitcoin (BTC). The Web 3.0 and metaverse-focused entity said the investment was a strategic pivot in embracing digital assets and aligning with the future of finance. The company added: Our transition to […]

2024-4-9 15:45


Bitcoin's journey from 'good for diversification' to 'key' part of an investment portfolio

Investors who are bullish on cryptocurrencies are betting more on digital assets than other asset classes such as equities. The shift towards favoring cryptocurrency over stocks is driven by solid retThe post Bitcoin's journey from 'good for diversification' to 'key' part of an investment portfolio appeared first on AMBCrypto.

2021-12-12 23:30


How this development impacts investment outlook for Bitcoin, other cryptocurrencies

Digital assets including Bitcoin are a fairly new economical concept and every investment vehicle in the early stages of its inception has been subjected to scrutiny. Bitcoin’s story has been no difThe post How this development impacts investment outlook for Bitcoin, other cryptocurrencies appeared first on AMBCrypto.

2021-10-3 18:30


Фото:

Bitcoin Eyes $30K as UK Vaccine Approval Boosts Risk Appetite

Bitcoin secured yet another record high level on Wednesday, helped by news of Anthony Scaramucci’s SkyBridge Capital investment’s investment into the cryptocurrency space. The benchmark cryptocurrency topped at $28,580 during the Asian morning session after reports revealed that the investment management firm had purchased $182 million worth of Bitcoin. The news soon followed a dramatic […]

2020-12-31 16:24


Фото:

Is Bitcoin a Good Investment: Analyst Predicts High Institutional Demand Post Covid-19

The global crisis and financial market turmoil have many investors looking into whether cryptocurrencies, such as bitcoin, are a good investment for them. A Japanese analyst has predicted high institutional investor demand for bitcoin post coronavirus crisis, giving three key reasons why the cryptocurrency is an attractive investment.

2020-4-26 20:15


Bank of Canada’s Bitcoin Awareness Report Shows 58% of Owners Buy For Investment Reasons

Most Canadian Bitcoin Owners Use It For Investment Purposes Only A report by Bank of Canada (BoC) published on July 23rd shows that 58% of Canadians own Bitcoin for investment purposes. The top four reasons for Canadians owning Bitcoin, according to the study, were: purchasing it as an investment, friends owning Bitcoin, being interested in […]

2018-7-25 01:47


Wall Street’s Crypto King Calls Bitcoin ‘Currency of the Internet’

Wall Street’s “Crypto King” sat down with the panel on CNBC’s Fast Money to discuss Bitcoin’s utility, calling the digital coin the “currency of the internet. ” Bitcoin is the Best Crypto Investment Bart Smith, head of digital asset trading at Susquehanna International Group, dubbed the “Crypto King” of Wall Street for his expertise on the space.

2018-7-11 13:00


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru