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Cryptocurrency hedge fund, Grayscale Investments, now holds more than 500,000 Bitcoins ($ 8.35 billion) in its Bitcoin Trust. Grayscale now has $ 8.35 billion worth of Bitcoin, according to its most recent post.
The relationship via his Twitter feed he said, “Grayscale Bitcoin Trust now holds more than $ 500,000 BTC. Yes, you read that correctly. Learn more about the world’s largest #Bitcoin investment product. “
Grayscale Bitcoin Trust now holds more than 500,000 $ BTC. Yes, you read that correctly. Find out more about the largest in the world #Bitcoin investment product. #GoGrayscale https://t.co/2sEpUdw8iN pic.twitter.com/9h8nGZ8i4t
– Grayscale (@Grayscale) November 16, 2020
Investors are increasing their cash flow investments to major cryptocurrency hedge funds, which are ready to pay a premium for buying and holding cryptocurrencies through the safety of a regulated fund like Grayscale.
What you should know
Grayscale Bitcoin Trust is a traditional investment vehicle with shares in the name of investors, providing a familiar structure for financial and tax advisors and easy transferability to beneficiaries under real estate laws.
A few days ago Nairametrics revealed how the world’s leading crypto hedge fund, Grayscale, is looking for a major milestone, as its cryptocurrency holdings are now worth $ 9.8 billion.
New numbers on Grayscale’s crypto products show that the company now has $ 9.8 billion in assets under management (AUM), which is fast approaching the $ 10 billion mark.
Barry Silbert, founder / CEO of Grayscale, revealed the cryptocurrency via his Twitter feed.
- Equity under management, holdings per share and market price per share for our investment products.
- Total assets: $ 9.8 billion.
- The cryptocurrency wallet includes $ BTC $ BCH $ ETH $ ETC $ ZEN $ LTC $ XLM $ XRP $ ZEC.
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