Graysdale CEO: investments are rising fast, pension and endowment funds are also coming
New CEO of Grayscale Michael Sonnenshein said yesterday that a wider class of institutional investors are now interested in cryptocurrencies.
“There are new investors coming from the segment of hedge funds that we have seen for a long time. Also recently from other institutions, pension funds and endowment funds, size of their investments is also growing rapidly. “Michael Sonnenshein
Sonnenshein, who has served as the company’s chief executive for three years, took CEO seat on Thursday, replacing his boss, Barry Silbert.
Grayscale allows investors to invest in Bitcoin directly without the need to hold it. In addition to Bitcoin, the company also offers cryptocurrencies such as Ethereum, Litecoin, Bitcoin Cash.
According to the latest figures released yesterday, Grayscale currently has $ 28 billion 400 million worth of cryptocurrencies under its management.