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.
2/15/19 UPDATE: Holdings per share and net assets under management for our investment products
Total AUM: $791.3 million$BTC $BCH $ETH $ETC $ZEN $LTC $XLM $XRP $ZEC pic.twitter.com/KbPgt9Jglh
— Grayscale (@GrayscaleInvest) 15 февруари 2019 г.
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.