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Grayscale reports record $217 million investment in past week


The head of Grayscale Investments, Barry Silbert, announced a record inflow of funds to his company’s funds – $217 million per week.

The revival of demand for investment in cryptocurrency funds Grayscale Silbert, apparently, is associated with the recently launched advertising on television.

Likely following the lead of Grayscale, Mike Novogratz’s Galaxy Digital Foundation launched an advertising campaign in the form of a publication on the pages of the Financial Times.

According to the latest data, the total value of assets managed by Grayscale Investments is $5.9 billion.

The most popular among investors is the fund based on the first cryptocurrency – Grayscale Bitcoin Trust. It accounts for 82.6% of the total funds managed by the company.

There is also a significant demand for shares of the Ethereum-based fund. It has assets for $862.7 million.

Lena S.
Lena is an adventurous soul searching the world for truth and balance. She is a mother of 2 beautiful daughters and a full time writer for Financial News where she covers various topics from finance, government, politics, current events, crypto and technology.

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