Cryptos Suddenly Spike As Grayscale Sees Institutional Interest Double
Bitcoin is back near $8500 and Ethereum is ramping towards $200 as Cryptos are suddenly bid this morning.
Bitcoin has rejected $8k again…
And ethereum is spiking back near $200
A sea of green across the crypto space – though we note Tether is lower…
While cryptos have been turbulent recently, CoinTelegraph’s William Suberg reports that a senior executive at cryptocurrency asset management giant Grayscale has stated that institutional investors are constantly piling into the space in 2019.
image courtesy of CoinTelegraph
Grayscale says institutions were always active
Speaking in an interview with news outlet The Block on Oct. 8, the company’s director of sales and business development Rayhaneh Sharif-Askary said that business had been consistent while growing throughout this year.
Q2 alone saw $85 million come from investors — twice as much as in…