Grayscale is resuming investment opportunities
The investment firm Grayscale has resumed accepting new investments in almost all of its cryptocurrency mutual funds. Grayscale held new inflows to six of its funds at the end of December 2020.
At the time of writing this article, products like Grayscale Bitcoin Trust and Grayscale Digital Large Cap Fund Trust are available to new investors. Grayscale Ethereum Trust is unavailable all the time. Grayscale XRP Trust is inactive and will likely remain so. In early January, the company liquidated its positions on XRP. The reason was information about a lawsuit filed by the US Securities and Exchange Commission against Ripple.
Grayscale periodically suspends and resumes the influx of new investors to its funds. During these periods, funds remain open to private investors. In addition, all of the company's investors lock in their newly acquired shares for six months. Only after this period of time can they sell the shares on the open market to non-accredited investors.
Investors are closely watching the actions of Grayscale, which has become the world's largest digital asset manager. As of January 11, Grayscale has $ 24.5 billion in assets under management. In early January, Grayscale's BTC purchases were three times more than the mintage of new coins.
Bitcoin is up 10% during the week, and we have to pay $ 35,833 for one coin. With the opening of new investments, the six-month blockade begins anew. Some analysts say that when this period comes to an end, the Bitcoin market is kicking up as Grayscale GBTC shares hit the open market.
The investment firm Grayscale has resumed accepting new investments in almost all of its cryptocurrency mutual funds. Grayscale held new inflows to six of its funds at the end of December 2020.
At the time of writing this article, products like Grayscale Bitcoin Trust and Grayscale Digital Large Cap Fund Trust are available to new investors. Grayscale Ethereum Trust is unavailable all the time. Grayscale XRP Trust is inactive and will likely remain so. In early January, the company liquidated its positions on XRP. The reason was information about a lawsuit filed by the US Securities and Exchange Commission against Ripple.
Grayscale periodically suspends and resumes the influx of new investors to its funds. During these periods, funds remain open to private investors. In addition, all of the company's investors lock in their newly acquired shares for six months. Only after this period of time can they sell the shares on the open market to non-accredited investors.
Investors are closely watching the actions of Grayscale, which has become the world's largest digital asset manager. As of January 11, Grayscale has $ 24.5 billion in assets under management. In early January, Grayscale's BTC purchases were three times more than the mintage of new coins.
Bitcoin is up 10% during the week, and we have to pay $ 35,833 for one coin. With the opening of new investments, the six-month blockade begins anew. Some analysts say that when this period comes to an end, the Bitcoin market is kicking up as Grayscale GBTC shares hit the open market.
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