Biggest Bitcoin Investment Trust Says Hedge-Fund Demand Booming

Traditional hedge funds, pensions and endowments are boosting cryptocurrency holdings, according to the biggest Bitcoin trust provider.


Grayscale Investments, which lets accredited investors own Bitcoin and other coins via its funds, said it took in $608 million last year, surpassing the total amount raised the previous six years. The majority of the inflows -- about 71% -- came from institutions like hedge funds, up from 66% in 2018, according to Grayscale.


This article was published on Bloomberg


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