- Grayscale has been recently engaging in encouraging its investors to direct their investments to the crypto-sectors.
- This investment played an important role in the growth of the platform, subsidiary of Digital Currency Group (DCG).
- The Grayscale Bitcoin Trust has a return rate of 87.7%, followed by the Digital Large Cap (+ 51.1%) and Horizen Trust (+ 41.8%) of a diversified crypto portfolio.
Grayscale, known to be the largest crypto-asset management platform, is estimated to be holding, according to a fresh report, around 227,000 Bitcoin (BTC), the same being valued at $2.866 Billion.
This must be the result of the company’s efficient investment system, which allows its customers to facilitate transactions in a transparent and protected environment. Grayscale has been recently engaging in encouraging its investors to direct their investments to the crypto-sectors.
The company’s growth has been observed during the previous years when giants like the Wall Street investors and Institutional funds started to participate in the investment sector of the platform. This investment played an important role in the growth of the platform. The platform is a subsidiary of Digital Currency Group (DCG).
Grayscale investments have acquired this position through its efficient investment channels based on trust funds, and thus, consequentially has established itself as the Largest Digital Asset Management Institution.
The company has reported that the total investment of all its products reached 607.7 million US dollars in the previous year, a number which was higher than all cumulative investments from 2013 to 2018. Thus, as a whole, the cumulative investment in Grayscale products has reached $ 1.17 billion.
Investors’ hand over the Growth
Apart from that, the user base of the platform has incremented to a percentage of 24% in recent times, with a resultant investment amounting to $146.9 Million and an additional $460.8 Million from the existing investors.
The investment platform focuses only on mainstream crypto platforms, which include BTC, BCH, ETH, ETC, ZEN, XLM, LTC, XRP, and Zcash.
Adding on to that, the company has a diversified crypto portfolio (Digital Large Cap). The performance levels of each product are reported to be varied as follows:
The Grayscale Bitcoin Trust has a return rate of 87.7%, followed by the Digital Large Cap (+ 51.1%) and Horizen Trust (+ 41.8%) of a diversified crypto portfolio. XRP Trust (-47.5%), Zcash Trust (-52.7%), and Stellar Lumens Trust (-61.2%) have negative returns and lag far behind other trust funds.
The contributions of these investors are expected to be extended until 2020. Managing Director of Grayscale, Mr. Michael Sonnenshein, stated that the era of cryptocurrency institutional investment in digital currencies has arrived in a recent crypto finance conference held in Switzerland.
He added that digital assets like Bitcoin had made a significant impact in the Gold Market to establish its position. He also recommended that the Millennial Generation must understand the importance and gravity of such platforms in the future and to understand its potential to channel the same to their advantage.
As a fact, the companies acquire the 5th position in the Millennial Investors ranking behind Disney and Netflix. Once adopted, these platforms are capable of opening up the way for traditional mainstream investors to invest in cryptocurrencies, thus promoting the large-scale acceptance of Bitcoin.
This progress is accompanied by rejections as well, and the same can be observed in the forthcoming years when such assets reach the final expectation levels.
On the other hand, newcomers like Bakkt are expected to grow in the coming years, following the paths of BTC.
Adding on to that, the cryptocurrency unit of Fidelity Investments, one of the world’s largest investment management companies, entered Europe for the first time, to establish a new front to introduce digital currencies to mainstream investment.