Grayscale Investments exceeded $1 billion.

Grayscale cryptographic products continue to attract investors – investments in Grаyscale Ethereum Trust exceeded $1 billion, and the total amount of funds managed by the company reached $8.5 billion.
Grayscale trusts allow investors to gain access to popular cryptov currencies in the form of securities. When a company buys shares of its trust, it invests directly in cryptov currencies, while Grayscale itself deals with the purchase and storage of digital assets.

Grayscale from $6.5 billion to $8.5 billion

At the end of October, the volume of funds under Grayscale management was estimated at $6.5 billion, but at the moment this figure has reached $8.5 billion. This has contributed to both the inflow of investments from the company’s clients and a significant growth of the cryptovoltaic market – the bitcoin exchange rate has exceeded $15,000 for the first time since the beginning of 2018.

Currently, the company has two cryptographic products registered with the U.S. Securities and Exchange Commission (SEC) – Bitcoin and Etherium trusts. Recall that Ethereum Trust (ETHE) was registered with the SEC early last month.

Recently it was reported what will happen next to bitcoin course.

Grayscale Investments exceeded $1 billion.
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Roman Mikhailov
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