The Eternal Bitcoin Bull, GrayScale has a plan

A not so new cryptocurrency trust fund

Grayscale was founded on September 25, 2013. It is a cryptocurrency fund company and one of the earliest entrants in the crypto field. After more than 7 years of development, the BTC assets it manages ( GBTC) is worth more than 19.1 billion U.S. dollars, and ETH assets under management (ETHE) exceed 2.9 billion U.S. dollars.

Where did the Grayscale crypto asset products come from

Grayscale in this case is a manager of crypto assets, helping investors to manage their assets. It first raises capital from qualified investors, and the raised funds are used to purchase crypto assets. These qualified investors are generally larger investors or institutions, who use their own funds or borrow funds from off-market to invest in grayscale. The funds invested can be legal currency or cryptocurrency (such as direct investment in Bitcoin or Ethereum).

Where does the Grayscale product premium come from

Grayscale has been operating for more than 7 years, but so far, many people still don’t understand its operating mechanism, which leads to a high premium. Grayscale provides ordinary investors with exposure to cryptocurrencies.

Whats next for Grayscale in 2021?

After bitcoin hitting 42k in the beginning of the year, it slummed 10k and tested 30k resistance 5 times till the time of this writing, despite Grayscale shows no signs of slowing down in purchasing bitcoin from the market like a blackhole. So whats behind their mastermind?

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