14/05/19 09:18 UTC-4

Large investors are returning to cryptocurrency

Grayscale, one of the leaders in the digital asset management sector, has just published its data for the last quarter. The numbers indicate a recovery in the influx of large investors in the cryptocurrency system.


Grayscale company report

The most significant indicator presented in the report of the company, is an increase in product inflow by 42%, compared to the fourth quarter of 2018, when $ 30,1 million arrived.

Interesting in the section: "Hyip" in the world of cryptocurrencies

Most of the growth comes from hedge funds, which lent about a million in the last quarter of 2018 and increased to $ 24 million in the first quarter of 2019.

Grayscale's reports are a good indicator for understanding the approach of institutional investors to cryptocurrency, given that they account for 73% of the company's total inflow.

The first quarter of 2019 was the first positive period since the end of 2017 for its main products, namely for the Grayscale Bitcoin Fund, the Grayscale Digital Fund for Large-Scale Capital Investments, as well as their Fundstrat crypto-aggregation index.

According to a Grayscale report: investors are returning to cryptocurrency. As in the case of the rest of the market, the results in 2019 are much better than last year for institutional investors. According to a recent PwC report, then crypto hedge funds lost up to 46% of their value.

Editor: Yuliya Soroka

See also: "The popular eBay platform is about to accept cryptocurrency"

#investors #cryptocurrency #cryptomarket #hedgefunds



07/05/19 03:00 UTC-4

Bitcoin rate is growing: BTC crossed the $6,000 barrier

On May 7, the first Bitcoin cryptocurrency increased by 4.29%. Now, the weighted average rate of digital gold is $5,929. At the same time, the "high" deals in today's trading session have already crossed the border of the psychological barrier of $6,000.

Hypes, funds, fiat money