Grayscale to Manage Crypto Assets Worth More Than $1B

According to the company, as of April 1, the size of the assets under its management was $ 940 million
03 April 2019   277

Grayscale Investments reported that the cumulative amount of cryptocurrency funds under its management of funds again exceeded $ 1 billion. More than 90% of the company's assets are under a bitcoin-oriented trust.

According to the company, as of April 1, the size of the assets under its management was $ 940 million, at the end of February this figure was $ 747 million.

On April 2, amid a sharp jump in the price of Bitcoin, the total volume of assets under management, however, rose to $ 1.1 billion, of which $ 999.1 million was Bitcoin.

In February Grayscale Investments published an investment report for 2018, according to which, despite a stable quarterly decline in attracted investments in its products, ended the year with a record figure of $ 395.5 million.

At the beginning of December 2018, Grayscale Bitcoin Investment Trust controlled more than 200,000 BTC, which at that time was about 1% of the total emission of the first cryptocurrency.

BTC Invesment Profitability to Exceed Traditional Assets

This conclusion was made by Binance Research team in study "What Bear Market?"; since begining of the year the BTC has grown by more than 50%, while oil by 33%
08 May 2019   322

Since the beginning of the year, Bitcoin has grown faster than traditional market assets, including oil, technology companies, real estate and gold. This conclusion was made by Binance Research in the new study "What Bear Market?"

Since the beginning of the year, the price of Bitcoin has grown by more than 50%, while oil - by 33%, tech stocks - by 18%. The price of gold in five months slipped by 1%.

Recently, however, some factors have emerged that may put pressure on the price of Bitcoin. Thus, the recovery of BTC growth slowed down somewhat amid news of a hacker attack on the popular Binance exchange itself, as a result of which 7,000 BTC ($ 40.5 million) were stolen.

Another potentially negative factor for the price of Bitcoin could be the upcoming IEO of the Bitfinex exchange, where Tether stablecoins will be used to purchase LEO tokens for $ 1 billion. It can lead to situation when large players can may actively sell BTC.