Grayscale Investments has released the Grayscale Digital Asset Investment Report for the first half of 2018, detailing how it has had the strongest investment inflows in the history of its business despite the cryptocurrency market downturn that saw Bitcoin decline from USD 20,000 to USD 6,000. Now, Grayscale Investments has an overall portfolio of USD 248.39 million, with new investments of USD 9.55 million per week on average, with a few weeks in the USD 20-30 million range.
The data in this report is hard evidence that institutional investors are entering the crypto space. some 56% of Grayscale Investments’ holdings are from institutional investors, with another 20% from accredited investors, which are required by the Securities and Exchange Commission (SEC) to have at least USD 1 million of savings. Many crypto experts have been saying that institutional investment will lead to the next big crypto rally.
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