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September 23, 2020
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Increased demand for virtual currency investment trusts: Bitcoin purchases reached 34% of new issues

GBTC’s Bitcoin Significantly Increases US major cryptocurrency investment trust company Grayscale announced on the 19th that the amount of virtual currency assets under management reached a record high of $ 3.8 billion. With $ 2.1 billion in assets under management on May 28 last year, it increased by 80% in about a year.
Source: Grayscale
The No. 1 asset under management is the investment trust GBTC, which is linked to the price of Bitcoin, and is worth $ 3.368 billion in total. Although GBTC’s assets account for more than 88% of the total, the proportion of altcoin mutual funds also increased, falling from 95% a year ago. Next is Ethereum’s investment trust in second place and third place in …

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