Menu

Blog

Apr 19, 2020

Institutional Investors Pour $498,900,000 Into Bitcoin (BTC) and Ethereum (ETH) As Crypto Fund Executive Declares ‘Cats Out of the Bag’

Posted by in categories: bitcoin, cryptocurrencies

New numbers from the digital asset management giant Grayscale show investors are collectively throwing big money into Ethereum for the first time, on top of record investment numbers for Bitcoin.

According to Grayscale’s Q1 2020 report, institutions are taking a serious interest in ETH, enough to print a record quarterly inflow into the Grayscale Ethereum Trust.

Spencer Noon, the head of crypto investments at DTC Capital, says the numbers show Ethereum has reached a turning point with high-net worth investors.

Comments are closed.