Bitcoin is accepted by institutions according to Grayscale

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In their 2019 year-end report, Grayscale people published their figures collected during the year. Highlighting that they broke important records in their Bitcoin services.

Grayscale has announced that it raised $ 607 million in 2019, with an accumulated investment in all its products that reached $ 1.17 billion. Highlighting that represents more than 2013 to 2018 combined.

They explain that $ 193 million was invested in their flagship service Grayscale Bitcoin Trust, a cryptocurrency investment vehicle. Meanwhile, $ 147 million of the year's investment came from new clients, 24% of the total.

"If the persistent question is 'where are the institutions that invest in cryptocurrencies?', The answer is that they are here and appear in a significant size," said Michael Sonnenshein, managing director of Grayscale, outside the Crypto Finance Conference In Switzerland.

Grayscale investors are usually traditional hedge funds, pensions and equity funds, with institutions such as hedge funds that make up the majority, about 71%, compared to 66% in 2018. Highlighting that it is these funds that decide to bet on Bitcoin, managing to add the millions of dollars in 2019.

"With 71% of the assets raised in products during 2019 from institutions, we now have empirical data that this is part of a longer-term trend, one that we have no reason to believe will not be maintained in 2020."

Finally, in their report they attach an image in which they show the division of cryptocurrency investments, leading Bitcoin.


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