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Grayscale’s Huge Crypto Inflow Shows More Institutional Interest in the Crypto Space
Summary: Grayscale, a leading crypto asset management company, sees massive inflow into the crypto market from more institutions and ordinary investors without a crypto background.
Grayscale, a leading crypto asset management company, sees massive inflow into the crypto market from more institutions and ordinary investors without a crypto background.
Michael Sonnenshein, the managing director at Grayscale Investments, tweeted on May 20, “It’s remarkable how much inbound interest we’ve received at @GrayscaleInvest, particularly since the COVID pandemic.”
Sonnenshein stated that a larger pool of investors is resorting to cryptocurrencies amidst fiat money inflation, as the inflow to Grayscale comes from HNWIs, RIAs, FAs, Family Offices, and Hedge Funds.
By Yiran Dai
Tags: Crypto Assets,Grayscale
Link: Grayscale’s Huge Crypto Inflow Shows More Institutional Interest in the Crypto Space [Copy]
