fbpx
Skip to content Skip to sidebar Skip to footer

Grayscale 10X Boost In 2020

While many of us languished in a pandemic year, one company stood out and grew like no tomorrow like the fabled story tale of Jack and The Beanstalk. In its latest quarterly report, Grayscale has announced a record fund inflows of US$3.2 billion in 4Q2020. 

Even more astounding is the fact that their assets under management grew from US$2 billion at the beginning of the year to a glorious high of US$20.2 billion at the end of 2020. Grayscale has become the go-to investment vehicle for the financial institutions, pension funds, family offices and ultra-high net worth individuals. Many of the crypto investors have attributed the phenomenal rise of bitcoin prices to the availability of regulated investment vehicle like Grayscale.

Indeed, Grayscale has reduced the onramp friction between the behemoth world of regulated finance and the frothy universe of cryptocurrencies.

Grayscale Bitcoin Trust enjoys the limelight as being the single most invested product among the Grayscale product family. In a sign of greater things to come, 93% of fund inflows were attributed to institutions and over 87% went directly into the bellwether currency – bitcoin. 

This time maybe different. Financial institutions are fast becoming the cornerstone investors for cryptocurrencies. They maybe late in the game, but they may be the winners in the end. 

We wonder if Grayscale can grow another 10 X this year.

Leave a comment

About SuperCryptoNews

SuperCryptoNews is a global leading blockchain & crypto news provider, covering daily news focused on trading and investment developments in bitcoin and crypto. We bring you expansive crypto news coverage around the world. We offer many thought leadership opinions from blockchain experts and leaders of the industry.

Subscribe to SCN

© Copyright of Novum Global Consultancy Pte Ltd {2020, 2021}. All rights reserved.

111 North Bridge Road, 21-01, Peninsula Plaza, Singapore 179098.

Phone: +65-80282938

Contact Us   |   T&Cs   |   Privacy Policy   |   About Us

About SuperCryptoNews

SuperCryptoNews is a global leading blockchain and crypto news provider, covering daily news on the latest tech and trading developments in crypto. We bring you expansive crypto news coverage especially in Asia, with a focus on Singapore, Thailand and Southeast Asia.

Follow Us On

© Copyright of Novum Global Consultancy Pte Ltd {2020, 2021}. All rights reserved.

Contact Us   |   T&Cs   |   Privacy Policy   |   About Us