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Bitcoin in Demand Like Never Before: Grayscale Investment Trust Reports Bullish Growth Figures | BTC-ECHO

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The narrative seems more than a phrase: the initial doubts of institutional investors about the integrity of the crypto market seem to be turning more and more. The latest quarterly report from the Grayscale Investment Trust is unlikely to be interpreted differently. As many as 42.7 million US dollars trusted investors to the US wealth manager in the first quarter of this year alone. Thus, the investment volume increased by 42 percent compared to the fourth quarter of 2018. The financial services company based in New York managed accordingly a total of 1.2 billion US dollars in capital.

Bitcoin more popular than ever

The vast majority of investors, however, have a clear preference for Bitcoin. Of the $ 3.3 million that investors spend each week in the care of Grayscale, $ 3.2 million is flowing to the Bitcoin Trust. As a result, 99 percent of customers rely on cryptocurrency # 1.

This justifies the company with an attractive risk profile. Investors, according to Grayscale, see Bitcoin as a "sweet spot in terms of risk and return expectations compared to other digital assets," according to the document.

In the wake of the incoming bull market, however, a move towards a stronger emphasis on old-cosecured products such as the Ethereum Trust is likely.

Institutional investors are discovering the crypto market

The report, released by the New York firm on May 13, also shows that most of the capital is now provided by institutional investors. Accordingly, these now account for 73 percent of the investment volume. This was mainly due to hedge funds. According to the report, the volume of this investor group rose from $ 1 million in the fourth quarter of 2018 to $ 24 million in the first quarter of 2019.

Grayscale promotes digital gold

In early May, however, the Investment Trust launched the #dropgold campaign.

In a video Grayscale advertises since then for the beneficial properties of BTC. Investors should, according to the message, rather invest in the precious metal rather in the digital gold, say Bitcoin.

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Disclaimer: This press release is for informational purposes only, the information does not constitute investment advice or an offer to invest. The opinions expressed in this article are those of the author and do not necessarily represent the views of CriptomonedaseICO , and should not be attributed to, CriptomonedaseICO .


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