In a bear market, analysts see that the price of Krypto money is down by about 75 percent from the highest levels of all time, differing views on whether the price of Bitcoin will be able to find a bottom. However, Crypto Money Investment Company Grayscale Investments, which forms the public Bitcoin Investment Trust (BTC) Fund, said it has saved a record amount of money in the first three quarters of the year.
Crypto money Investment Company Graycale raised $ 330 million
New York-based Grayscale announced on Thursday that it has raised $ 81.1 million in its third quarter Digital Asset Investment Report, an increase of 33 percent from the previous quarter. In total, Grayscale collected $ 330 million in 2018, an increase of 1,200 percent from $ 25.4 million in September last year.
Michael Sonnenshein, general manager of Grayscale, said::
The fact that bitcoin prices remained constant and left the whole year behind did not prevent our customers from producing more capital. Despite these price declines, asset inflows are really strong. Investors view retracement as an opportunity to increase their position. The price did not slow down the pace of investments, it actually caused us to expand our relations.
Shares of Bitcoin Investment Trust saw the lowest level of 6.74 dollars
Shares of Bitcoin Investment Trust, which reached $ 38 on December 18, 2017, saw its lowest level with $ 6,74 the day before. This means a drop of 82 percent from the summit, leaving bitcoin behind.
Although the company has not only expanded its product range in 2018 with the introduction of the Krypto index funds, the majority of Grayscale entries are concentrated at Bitcoin Investment Trust. So far, 73 percent of the entries have been directed to GBTC, which is only supported by BTC. Gryscale adds that 70 percent of third quarter entries came from corporate investors and that institutions are beginning to show interest in the emerging currency asset class.