CCBeast Special


Grayscale Investments Report: Institutional Interest for Bitcoin and XRP
Editorial Team

The Grayscale Investments Company has released new figures that show which cryptocurrencies are bringing in institutional investors.

According to the company, over 12% of investors are leaning towards XRP in the companies Digital Large Cap fund, which is an increase on the previous 9.9% in the last quarterly review by the company.

Additionally, over the past few months, the interest in Bitcoin Cash, Ethereum, and Litecoin has been decreased. Nevertheless, there was still an interest in Bitcoin, similar to XRP.

From 30th June to 30th September this year, “Grayscale’s Digital Large Cap Fund Asset Weight” shows:

Litecoin – 2.4% to 2.1%

Bitcoin Cash – 6.5% to 5.5%

Ethereum – 23.6% to 13.1%

Ripple – 9.9% to 12.5%

Bitcoin – 57.6% to 66.8%

However, despite this dominance for Bitcoin, Bloomberg has reported that Grayscale Bitcoin Investment Trust has reached a low with net asset value since December last year when Bitcoin was on a huge high trading at almost $20,000. Shares in Grayscale Bitcoin Investment Trust are down around 80%.

According to a recent report from the New York-based company shows that over 55% of investments in the first half of 2018 came from institutional investors.

Grayscale still maintains several digital currency investment trusts, which includes the Bitcoin Investment Trust, Ethereum Investment Trust, Ethereum Classic Investment Trust, Litecoin Investment Trust, XRP Investment trust, the Zcash Investment Trust and Bitcoin Cash Investment Trust. Overall, the company looks over more than $1.5 billion in digital assets.

Source: CryptoDaily.com

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