Grayscale Investments reported that it raised a record $ 700 million in crypto funds on January 15. In just the IV quarter of 2020, the company’s investors invested $ 3.3 billion in funds.
how reported Michael Sonnenshein, CEO of asset management company Grayscale Investments, raised over $ 700 million in funds in one day on January 15, a record high.
In just the 4th quarter of 2020, Grayscale managed to raise $ 3.3 billion through investment instruments in cryptocurrency, which once again confirmed the active participation of institutional investors in the industry.
The Grayscale Bitcoin Trust (GBTC), the company’s most popular product, led the way in Q4 2020, raising an average of $ 217 million each week. The value of cryptoassets managed by Grayscale exceeded $ 13 billion in mid-December.
Recent data Grayscale show that on January 15, the company managed a record $ 27.1 billion, up from $ 2 billion in early 2020.
Earlier this month, the CEO of Grayscale Investments noted that the company expects heightened interest in cryptocurrencies from pension funds, which will fuel the market’s growth.
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