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Market

Whales Incoming? or Just a Little Bull Market

Grayscale’s Crypto investment company claims they raised $ 359.5 million in 2018. The company manages several cryptocurrency investment banks covering Bitcoin, Ethereum, XRP, Bitcoin Cash, Ethereum Classic, Litecoin, Stellar, Zcash and Horizen. The company now has $ 793.7 million in asset management. About 66% (or $ 237 million) from last year’s rise is from institutional investors. The company, which opened its doors in 2013, calls it the best calendar year.

Despite the decline, Grayscale says Institutional investors still have trust in Bitcoin. The report also highlights the strength of Bitcoin’s foundations, such as low transaction fees and a new report discovers the BTC transactions reaching the highest level in January 2019.