Grayscale Investments has released the Grayscale Digital Asset Investment Report for the first half of 2018, detailing how it has had the strongest investment inflows in the history of its business despite the cryptocurrency market downturn that saw Bitcoin decline from USD 20,000 to USD 6,000. Now, Grayscale Investments has an overall portfolio of USD 248.39 million, with new investments of USD 9.55 million per week on average, with a few weeks in the USD 20-30 million range.
The data in this report is hard evidence that institutional investors are entering the crypto space. some 56% of Grayscale Investments’ holdings are from institutional investors, with another 20% from accredited investors, which are required by the Securities and Exchange Commission (SEC) to have at least USD 1 million of savings. Many crypto experts have been saying that institutional investment will lead to the next big crypto rally.
Read full article at https://bitcoinnews.com/grayscale-investments-holding-248m-in-crypto-gaining-10m-weekly/
Interesting info. Thanks for sharing.
Talking about ICOs, after doing your own research, also finding good ICO projects can be profitable.
I want to share with you guys this new exciting project: RAWG.
Check out this new article where RAWG is mentioned as the "IMDB of gaming" on FORBES, one of the leading global media company, focused on business, investing, technology, entrepreneurship, and leadership.
https://www.forbes.com/sites/andrewrossow/2018/07/16/3-reasons-the-video-game-industry-is-bound-for-blockchain/#69da81c87810
The ICO will start in a short period, and they are at the moment in pre-ICO phase. This is the site: https://token.rawg.io/. It's a video game discovery platform that converts your skills into goods and services (the site is already working, with more than 57,000 games in the database).
Have a look and get some information while doing your own research :)
Another interesting point: RAWG has already secured $5m USD, halfway to hard cap of $10m!
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