Unfazed by the recent market volatility, Grayscale have been adding to their Bitcoin positions at $ 120 million

Grayscale Investment’s growth rate is growing rapidly through product investment funds in the cryptocurrency market. Grayscale continues to expand its position as it is about to establish new investment funds. Grayscale announced that it has incorporated 6 new investment trust funds, including Chainlink (LINK), Tezos (XTZ), Basic Attention Token (BAT), Decentraland (MANA), Livepeer (LPT), and Filecoin (FIL). With the exception of the FIL fund which was established in October, all remaining funds were established in December, by the Delaware Trust Company.

Grayscale is preparing to add a new investment fund to 6 altcoins

Grayscale is the largest crypto asset management company in the world, with more than $ 25 billion in assets under management on its products. Currently, Grayscale holds half a million Bitcoins, owns the Bitcoin Trust and the Bitcoin Cash Trust holds a large share of the total market AUM with more than $ 21 billion.

Michael Sonnenshein, CEO of Grayscale Investments, said:

“Grayscale is always looking for opportunities to offer products that meet investor needs. Our creation of hedge funds does not mean that we will bring this product to market. Grayscale has been and will be. Continue to announce when new products are available to investors.”

Besides, Michael Sonnenshein also suggested six actors that will shape the crypto market by 2021. Keeping up with the rising trend of the network in the past few months, Grayscale has raised more than 700 million investments. USD in a day, the biggest level in history.

Grayscale adds $ 120 million worth of Bitcoin to its coffers

According to crypto data aggregator Bloqport, Grayscale Investments added $ 118 million worth of BTC to its treasury over the past day. This adds to the $ 1 billion that Grayscale has bought for its customers over the past seven days. This means the company is now worth more than $ 20 billion in the top cryptocurrency under management, up more than seven percent in BTC over the past 30 days.

Grayscale is adding these funds to the Grayscale Bitcoin Trust, which holds BTC for accredited investors, often comprising hedge funds and other institutional players who need contact with space.

However, maybe even more of the company’s money is deposited in.

MicroStrategy’s Michael Saylor found that he would host a digital conference that would allow executives from Corporate America to learn more about Bitcoin and how they can deploy it into their businesses:

“We’re going to have thousands of executives, officers…directors, & advisors of corporations coming together in the first week of February. They all want to figure out how to plug #bitcoin into their balance sheet or their P&L…We’re going to open source it.”

It is not clear if Grayscale is the optimal method for investors in Corporate America or Wall Street to allocate capital into Bitcoin, as more and more institutional service providers can execute and deposit BTC safely.

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