Grayscale Tells SEC Its BITCOIN Trust Rose $1.6 Billion Over Six Months!!!

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Added by allcryptostaff
Institutional investors continue to be bullish on Bitcoin and Crypto as Grayscale crypto investment firm said the dollar value of total assets in GBTC went from $1.87 billion at the end of 2019 to $3.5 billion by the end of Q2 2020 – an increase of 90%. The disclosure came in a quarterly report filed with the Securities and Exchange Commission (SEC) last Friday. BitGo CEO Mike Belshe said to invest 3% in Bitcoin to avoid pandemic lockdown devaluation.

Wealthsimple, a Canadian investing app courting the country’s day-trading millennials, is checking off regulatory boxes ahead of its cryptocurrency trading debut.

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