We’ve been highlighting the importance of institutional investors for the crypto space for a really long time.
This can bring the mainstream adoption of digital assets closer, and it can also boost the trust in the cryptosphere. These are just some of the reasons for which bog players’ money would be ideal for the crypto industry.
Institutional investors want exposure to the crypto space
It’s been reported that Grayscale’s institutional investors are looking to gain exposure to the crypto market.
Rayhaneh Sharif-Askary, the company’s director of sales and business development, has an interview with BlockTV and said that Grayscale’s Q3 numbers are showing a growing interest in the company’s altcoin trusts.
Increased interest in Grayscale’s altcoin trusts
These include which include Ethereum, XRP, Bitcoin Cash, Litecoin, Stellar Lumens, Ethereum Classic, and Horizen Trust.
“I think it’s important to take a step back and look at the bigger picture and the broader trend. The fact that we have, over time, been moving away from Bitcoin maximalism, where Bitcoin represents a safety asset in the space… shows that investors are more comfortable diversifying beyond just Bitcoin and [that’s] really positive,” according to the director.
More than that, the director revealed that “In Q3 we had about a third of our flows go into products that were not Bitcoin, whereas looking back to Q2 that number was about 25%, and in Q1 of 2019 it was just 1%.”
We recommend that you head over to the original article by the Daily Hodl in order to find out more details about investments.
And speaking about the mass adoption of cryptos, this year has been very prolific in this direction and there have been made a lot of moves that are taking the crypto industry closer and closer to this huge goal.
The crypto market has been really volatile lately but this did not stop important achievements from taking place.