Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Articles about Cryptocurrency => Topic started by: Goodcat49 on February 06, 2019, 01:00:43 AM
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Grayscale is one of the biggest institutional holders of Bitcoin (BTC) with a total of $797 million Assets Under Management (AUM) at the end of last year, down from a high of more than 2.8 billion, Medium reports.
Looking at the data, one could think that various institutions are seriously withdrawing their BTC holdings, however, one needs to first factor in the price reduction. The number of BTCs that are owned by Grayscale in the BTC Investment Trust has for long been soaring up to more than 200,000 BTCs.
Decentralization Benefits
The end of last year saw great institutional news from Bakkt, NYSE-affiliated establishing custodial and trading facility, up-for-approval BTC exchange-traded funds (ETFs) and massive 401K retirement plan service providers like Fidelity setting up digital currency trading desks. This year has registered some delays and even more effort in the field of crypto.
A large number of cryptocurrency fanciers and investors are greatly enthusiastic about a significant price appreciation related to the surge in institutional investment and opportune for potent investors.
There are three important things to discuss which are different and separate from the price: Censorship resistance; Trustless transactions; and Verifiable history. They are major benefits which come with decentralization and also being pioneered by cryptos.
Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/crypto-blockchain-investors/
(https://coinidol.com/upload/resize_cache/iblock/2fd/900_900_1/2fde20f717d3b4f6df03d28acafb5860.png)
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Grayscale doesn't need any immediate funds so they are simply accumulating until bitcoin hits their six figure target, hope they don't dump