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Pension Funds Join In the Crypto Buying Spree, Buoying Price Rally

Emily Mason

Summary: Grayscale’s newly-appointed CEO Michael Sonnenshein told Bloomberg on Thursday that pension funds and endowments are investing actively into the Grayscale family of funds. Grayscale now holds roughly 3% of the BTC in circulation. The fund manager continues to accumulate large positions in the digital asset as more institutional investors seek exposure to Bitcoin. Its total ...

Grayscale’s newly-appointed CEO Michael Sonnenshein told Bloomberg on Thursday that pension funds and endowments are investing actively into the Grayscale family of funds.

Grayscale now holds roughly 3% of the BTC in circulation. The fund manager continues to accumulate large positions in the digital asset as more institutional investors seek exposure to Bitcoin.

Its total assets under management, or AUM, have eclipsed $27 billion across ten different products. The Grayscale Bitcoin Trust remains by far its most popular product with over $23 billion in AUM. Sonnenshein stated that increased institutional interest from pension funds and endowments to fuel rapid growth.

By Emily Mason

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