Grayscale Reports Biggest Daily Cryptocurrency Asset Raise in History
- The company raised nearly $700 million on 15 January as its total cryptocurrency assets under management reached $27 billion.
Grayscale, the world’s largest crypto asset manager, announced that the company has attracted around $700 million into its investment products on 15 January, the largest daily cryptocurrency asset raise in its history. Grayscale raised more than $3.3 billion across its cryptocurrency investment products in Q4 of 2020.
According to an official announcement, Michael Sonnenshein, CEO of Grayscale mentioned that the company has seen increased momentum this year due to the growing demand for digital assets. In the last quarter, the average weekly investment into all cryptocurrency products of Grayscale stood at nearly $250 million.
In the Q4 2020 report, the digital asset management firm mentioned that 93% of investment came from institutional investors, dominated by leading asset managers. Moreover, Grayscale’s Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term Trust is the largest investment vehicle in terms of value as the company has more than 610,000 Bitcoin, valued at approximately $22 billion.
“Yesterday, Grayscale raised north of $700 million into its family of products, momentum from Q4 seems to be picking up speed into the new year. 15 January was also our largest single asset raise day, ever,” Sonnenshein said on Twitter.
Cryptocurrency Assets
Grayscale announced on Friday that its total cryptocurrency assets under management jumped above $27 billion. The company has seen significant demand from institutional investors in recent months. The digital asset manager has accumulated nearly 10,000 Bitcoin since the start of 2021 along with more than 9,000 Litecoin and 1,000 Bitcoin Cash. Finance Magnates earlier reported about the liquidation of Grayscale’s XRP Trust due to a lawsuit by the SEC against Ripple. Apart from Bitcoin, Grayscale has other cryptocurrency assets like Ethereum Classic and Bitcoin Cash. Grayscale started 2020 with nearly $2 billion in cryptocurrency assets under management (AUM) and ended last year with more than $20 billion in AUM.
The recent price rally in Bitcoin and other Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term caused a massive surge in the valuation of Grayscale’s digital assets under management. Bitcoin gained more than 300% last year and registered its all-time highs. The price of BTC is currently hovering at around $36,000.
Grayscale, the world’s largest crypto asset manager, announced that the company has attracted around $700 million into its investment products on 15 January, the largest daily cryptocurrency asset raise in its history. Grayscale raised more than $3.3 billion across its cryptocurrency investment products in Q4 of 2020.
According to an official announcement, Michael Sonnenshein, CEO of Grayscale mentioned that the company has seen increased momentum this year due to the growing demand for digital assets. In the last quarter, the average weekly investment into all cryptocurrency products of Grayscale stood at nearly $250 million.
In the Q4 2020 report, the digital asset management firm mentioned that 93% of investment came from institutional investors, dominated by leading asset managers. Moreover, Grayscale’s Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term Trust is the largest investment vehicle in terms of value as the company has more than 610,000 Bitcoin, valued at approximately $22 billion.
“Yesterday, Grayscale raised north of $700 million into its family of products, momentum from Q4 seems to be picking up speed into the new year. 15 January was also our largest single asset raise day, ever,” Sonnenshein said on Twitter.
Cryptocurrency Assets
Grayscale announced on Friday that its total cryptocurrency assets under management jumped above $27 billion. The company has seen significant demand from institutional investors in recent months. The digital asset manager has accumulated nearly 10,000 Bitcoin since the start of 2021 along with more than 9,000 Litecoin and 1,000 Bitcoin Cash. Finance Magnates earlier reported about the liquidation of Grayscale’s XRP Trust due to a lawsuit by the SEC against Ripple. Apart from Bitcoin, Grayscale has other cryptocurrency assets like Ethereum Classic and Bitcoin Cash. Grayscale started 2020 with nearly $2 billion in cryptocurrency assets under management (AUM) and ended last year with more than $20 billion in AUM.
The recent price rally in Bitcoin and other Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term caused a massive surge in the valuation of Grayscale’s digital assets under management. Bitcoin gained more than 300% last year and registered its all-time highs. The price of BTC is currently hovering at around $36,000.