Top crypto asset fund receives additional $20M

posted 29 days ago
Grayscale Investments, owned by Digital Currency Group, the largest crypto asset venture firm in the world, reached a new record in their capital flow. The New York-based firm secured over $20 million in total investments for its family of funds, which includes the Bitcoin trust (GBTC). This represents its highest weekly raise since 2017.

Grayscales investors include pensions, family offices, hedge funds, and other high net worth investors. Also, Grayscale has previously stated it receives capital inflows from institutional investors that are “building core strategic positions in digital assets.” Therefore this event indicates there is increasing institutional interest in Bitcoin.
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