Grayscale Investments to Raise $250M

At the moment Grayscale Investments offers seven crypto-investment funds, the oldest and largest of which is the Bitcoin Investment Trust
19 July 2018   898

Investment company of Barry Silbert Grayscale Investments reported that in the first six months of this year, its clients invested $ 248.39 million in the company's crypto-currency products.

Grayscal Investment Twitter
Grayscal Investment Twitter

As stated in the report, this is a record amount for all previous six-month stretches of time since Grayscale Investments was founded in September 2013.

As the investment community knows, over the last six months, the digital asset market experienced one of the largest price drawdowns since the inception of Bitcoin in 2009. However, what is more interesting, and somewhat counterintuitive, is that the pace of investment into Grayscale products has accelerated to a level that we have not seen before. In fact, we raised nearly $250 million in new assets in the first half of this year, marking the strongest inflows of any six month period in the history of our business.

Grayscale Investment

At the moment Grayscale Investments offers seven crypto-investment funds, the oldest and largest of which is the Bitcoin Investment Trust. The second most popular is Ethereum Classic Investment Trust. Other funds are represented by such crypto-currencies as Zcash, Ethereum, Bitcoin Cash, Ripple and Litecoin. 

GRAM May be Traded at Liquid at Triple ICO Price

Bloomberg says that Telegram tokens, that may appear at Liquid will be sold by Gram Asia at $4 per token, but there's no official info from Telegram
04 July 2019   961

Even before the official public release of the cryptocurrency of the messenger, Telegram can increase in price by 200% relative to its value during the initial offer of coins. It is reported by Bloomberg.

As previously reported, Telegram tokens may appear on the Liquid Bitcoin Exchange already on July 10. The distributor is Gram Asia, which calls itself the largest holder of GRAM tokens in Asia. It intends to put up for sale rights to cryptocurrency at $ 4 per unit.

At the same time, one of the investors said to the publication that at the time of purchase the price of 1 Gram was $ 1.33.

It is worth noting, however, that after the announcement of the public sale of Telegram tokens to Liquid, the media reported that this intention had nothing to do with the official plans of Telegram.

Then one of Telegram's investors stated that no one has the right to sell tokens before their official launch in accordance with the signed agreement. Moreover, representatives of the popular messenger noted that they first heard about Gram Asia.

Later, CEO Liquid Mike Kayamora admitted that Telegram has no relation to the placement on Liquid: the deal was concluded exclusively between the exchange and Gram Asia, which allegedly is an incubator for the TON project.

The Block's leading analyst Larry Chermak on several tweets expressed skepticism about the announced Telegram tokenale based on the Liquid stock exchange, saying that he would “think twice before making a decision to invest.”