The largest crypto-asset managers in the world, presented its quarterly report. Gray scales the most successful product of the Grayscale, Bitcoin Trust Fund remains. A small Reflection on the last three months and a message: Bitcoin is good.
Max Halder
18. July 2019BTC$10.299,00 6.26%part Facebook Twitter LinkedIn xing mail
Since the recent uprisings to Facebook’s Libra, Trumps negative comments, and the parroting of the US Minister of Finance, Steven Mnuchin is the Bitcoin price fell, and with him the Altcoins. After Trump on 11. July position referred to, the Bitcoin exchange rate of about 11,500 to temporarily 9,200 US dollars on 17. July. A direct connection can not be well justified, but the assumption is that the triggered has caused a wave of uncertainty in the market.
rubbing their hands, will the so-called institutional investors, the fall when all the excitement is in addition to other positive characters are quickly forgotten. The latter pumping their money in the largest, on crypto-currencies, funds disbursed in the world: in the Grayscale Bitcoin Trust Fund (GBTF). After the completion of the first half of the quarter, we now have a report of Grayscale, the following Figures are taken from.
The Grayscale Bitcoin Trust Fund in Numbers
Within the last three months, tripled the total amount of all assets of the administrator was. Of 926 million U.S. dollars, the Portfolio shot all the $ 2.7 billion high. This was mainly due to the massive return of the GBTFs and Grayscale Digital Large Cap Fund with 178,8 percent and 147,6 percent.
While the Grayscale collected in the first quarter 42.7 million US-Dollar, doubling the Investment in Q2 to 84.8 million US dollars. Amazingly, this growth is mainly because only in July, investments were possible. The GBTF is in the said period, with 76 per cent, by Far the biggest Magnet under the ten financial products of Grayscale.
a Total of 80 percent of the funds of the institutions. Strikingly, the turnaround is likely to be at the origin of the funds. Looking at the last twelve months, have dominated the investment from the US domestic. In Q2, about two-thirds came from abroad.
conclusion
Even if you have to wonder about the weight of the wind creators from the US or China, is the Basis of Bitcoin & co. increasingly more solid. Can see the to the world’s economic engines, Facebook, IBM, Alibaba and Amazon. It can be seen that the Global Food Supply Chain, to the approaches in the logistics, healthcare, etc. And see can the also in tradition and, therefore, credible institutions, one of which has more and more come to the bitcoin taste trusted, most recently Harvard University.
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