According to Grayscale, zinzins are investing more and more in Bitcoin

Grayscale notes a growing interest from institutional investors for his crypto products. New York manager raised $ 607 million in 2019, more than between 2013 and 2018.

Considered one of the largest investment managers in the world for cryptocurrency, Grayscale Investment just announced having raised $ 607.7 million in 2019 through its products.

“This exceeds the cumulative investment from 2013 to 2018. The cumulative investment in the product range Grayscale since its inception have now reached $ 1.17 billion, ”wrote Grayscale.

We learn in particular that investments in Grayscale Bitcoin Trust, its flagship product, broke all records in the 4th quarter of 2019 with more than $ 193 million invested.

“Grayscale expanded its investor base by around 24% in 2019, attracting new clients. In addition, 36% of customers now have allocations to multiple products within the Grayscale family, while the remaining 64% have invested in a single product, ”said the manager.

Grayscale offers the possibility to zinzins – pension funds, endowment funds and other hedge funds – to invest easily and securely in Bitcoin but also in other cryptocurrencies like Ethereum, through the Grayscal Ethereum Trust or Stellar via the Grayscale Stellar Lumen Trust.

“It is clear that we are living a institutional adoption. The asset class is experiencing increased validation from companies like Fidelity and CME, signaling to institutions and the investment community as a whole that crypto as an asset class is here to stay, "commented Michael Sonnenshein, CEO of Grayscale.

This autumn, Grayscale obtained FINRA approval for the registration of its crypto-fund Grayscale Digital Large Cap Fund in the OTC markets.

After falling below $ 4,000 in 2018, the bitcoin price started to climb again in 2019, reaching almost $ 14,000 last summer, and finally ended the year under $ 7,500. Since the beginning of January, its price has increased by more than 20% and is currently flirting with $ 9,000.