The Classy Investors

  /  Stock   /  Interest in Grayscale Crypto Products Not Easing Up, Not Just BTC Now

Interest in Grayscale Crypto Products Not Easing Up, Not Just BTC Now

imageCryptocurrency13 hours ago (Aug 13, 2020 04:00PM ET)

Interest in Grayscale Crypto Products Not Easing Up, Not Just BTC Now

Grayscale Investments, the largest digital asset management firm in the world, has been showing exponential increases in investment to its cryptocurrency products. The total sum of assets under management grew by $1 billion in less than two weeks in July, as a Twitter update showed. Additionally, according to the latest documentation, the number of shares Grayscale issued between the first and second quarters of 2020 increased by 90%.

Considering that in its Q2 update, the firm revealed it had gathered around $900 million throughout the entire quarter, the interest in Grayscale’s products seems to be growing at an exponential rate. At the time, the firm held over $5.2 billion worth of cryptocurrency collectively, with Bitcoin leading at $4.4 billion. In total, the firm received $1.4 billion in the first half of 2020.

Continue Reading on Coin Telegraph

Interest in Grayscale Crypto Products Not Easing Up, Not Just BTC Now

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.