Grayscale Investments has already made a name for itself in the crypto market and is the number one contact point for many institutional investors when they want to invest in cryptocurrencies such as Bitcoin (BTC). The company was founded in 1 by the Digital Currency Group. And business is going well: with the increasing popularity of digital assets among private investors, more and more institutional investors are entering the market. But the company has long managed more than just Bitcoin and Ethereum. Grayscale is now revealing which assets are being offered to investors on Twitter.
GrayScale: 9 cryptocurrencies on offer for investors
While Bitcoin (BTC) and Ethereum (ETH) have long been the only known cryptocurrencies for institutional investors, the market situation seems to have changed. With the increasing maturity of the market and projects that emerge from thousands of ideas as meaningful and serious, the investments in alternative cryptocurrencies also increase.
As the investment company is now announcing on Twitter, a total of 9 cryptocurrencies are being offered to investors. In addition to Bitcoin and Ethereum, there are also some digital assets that may surprise. Offers are so called "trusts":
- Bitcoin (BTC)
- Bitcoin Cash (BCH)
- Ethereum (ETH)
- Ethereum Classic (ETC)
- Horizen (ZEN)
- Litecoin (LTC)
- Stellar Lumens (XLM)
- Ripple (XRP)
- Zcash (ZEC)
Overall, the investment firm Grayscale manages $ 3,9 billion in digital assets. The majority, less surprisingly, falls on the Bitcoin Trust with more than $ 3,4 billion USD, followed by the Ethereum Trust. The smallest trust is currently that of Stellar Lumens, which has a volume of $ 0,4 million USD. Horizen (ZEN) is a cryptocurrency outside the top 100, which should come as a surprise to many.
Grayscale owns 1,7% of all Bitcoin (BTC)
The Bitcoin Trust enables Major investors the simple purchase and safe storage of their bitcoins. With Bitcoin Trust, Grayscale offers one of the best-known investment opportunities for institutional investors worldwide. The company itself announced that XNUMX% of all Bitcoins (BTC) in circulation are in the hands of Grayscale. By expanding to XNUMX other cryptocurrencies, investors can also safely invest and keep in smaller digital assets.
After the investments made had decreased continuously since the beginning of 2018, the value reached its low in the third quarter of 2018. But with the search for alternative investments and the decreasing trust in the financial system, the investments increase continuously. For the second quarter of 2020, the CEO announced that there is again enormous growth.
After all, many well-known personalities are more than confident about the Bitcoin price of the future. Adam Back, who has long been suspected of being Satoshi Nakamot, expects a Bitcoin rate of $ 300,000 USD within the next 5 years:
Markus from Kryptokumpel.de
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