Fund reports a record interest of institutions in Bitcoin and Ethereum

Grayscale, the largest fund that is interested in investing in cryptocurrencies, reports a record interest of institutions in buying shares in Ethereum and Bitcoin.

Grayscale Fund: A record number of institutions are interested in investing in cryptocurrencies

Buying shares in this investment fund has always been for the richest. Only they have the opportunity to pay premium for one piece of the cryptocurrency in the order of higher tens of percent. Cryptocurrency-based mutual funds simply go on selling.

Figures from the first quarter report show that more money has flowed into the Ethereum Investment Fund over the past three months than the last two years combined. There has been greater interest in Ethereum in the last weeks of the coronavirus crisis in Europe than in the Bitcoin.

The Bitcoin Fund also experienced a record inflow of capital. In the first quarter, $ 400 million was in the hands of experienced matadors.

The advantage of the fund is that all its cryptocurrencies are 100% covered. This means that he has and will have money even if he gets into trouble. Institutions choose it because it greatly reduces risk even in the event of great economic uncertainty.

In addition to BTC and ETH, Greyscale also offers investments in BCH and dozens of other altcoins.

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