BitRss.com latest Crypto World News

Search and discover the latest Cryptocurrency updated Stories in Categories.

24-7 Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources.

Investors Pumped $608 Million Into Bitcoin (BTC) and Cryptocurrency Funds in Record Year, Says Hedge Fund Giant Grayscale

Investors Pumped $608 Million Into Bitcoin (BTC) and Cryptocurrency Funds in Record Year, Says Hedge Fund Giant Grayscale

 
Wall Street’s interest in the Bitcoin and cryptocurrency markets is booming, according to the digital asset manager Grayscale.
The firm says 2019 was its biggest year on record, with the yearly investment into its products reaching $607.7 million.
That number surpasses the cumulative investment from the last five years combined. The total investment across Grayscale’s products now stands at $1.17 billion.
Source: Grayscale
Grayscale says its investor base expanded by about 24% in 2019, with new clients accounting for $146.9 million.
The firm offers exposure to Bitcoin through its flagship product, the Grayscale Bitcoin Trust (GBTC). It also offers altcoin trusts, including Ethereum, XRP, Bitcoin Cash, Litecoin, Stellar, Zcash, Ethereum Classic and Horizen.
Grayscale says 36% of clients now have allocations to multiple products, with the remaining 64% invested in a single product.
A recent report from Charles Schwab found that Grayscale Bitcoin Trust is the fifth most-held equity holding by its millennial investors, ahead of Disney and Netflix.

Check Latest News Headlines
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/LevLev
The post Investors Pumped $608 Million Into Bitcoin (BTC) and Cryptocurrency Funds in Record Year, Says Hedge Fund Giant Grayscale appeared first on The Daily Hodl .

BitRss.com shares this Contents with License.

Thank you for Share!

   

Search Crypto News


BITRSS | CRYPTOCURRENCY WORLD NEWS

The latest Top News, from up to 70 Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed BitRss.com simple and intuitive, usable by all Devices, fast and effective.


| LEARN MORE ABOUT |

24h Most Popular News