Grayscale investment increases by 100% in Q2 of 2019

Grayscale investment increases by 100% in Q2 of 2019

Grayscale executive commented on the enterprise’s earning the second quarter (Q2) of 2019. In an interview, the Grayscale executive noted that investment has doubled in Q2 of 2019. She highlighted that institutional interest in the firm remains high as institutional investors are “investing with us all the time.”

Grayscale on a roll

Rayhaneh Sharif-Askary, Grayscale’s director of sales and business development, elucidated the company’s investment. The company raised around eighty-five million dollars ($85M) from investors in the second quarter of 2019. Around 84 percent of those funds came from institutional investors.

The company is one of the largest crypto asset management firms across the globe. Grayscale offers a wide range of cryptocurrency trust services that cater to investors’ demand. Rayhaneh confirmed that many institutional investors have already entered the cryptocurrency market but are not making noise hence remain unnoticed.

She stated that she was often asked about the involvement with the most frequently asked question (FAQ) being “when institutional investors are going to get involved?” She stated that it was “ironic” to be asked so as the company has been working with institutions for a long period of time.

She was asked about the involvement of the Intercontinental Exchange’s (ICE) in cryptocurrencies by the recent launch of Bakkt’s crypto derivatives platform. Rayhaneh answered that she was excited to see more company’s getting on board. She noted that their company was composed of a “lean team” that can’t be the sole firm educating the masses while providing them access to this asset class.

Rayhaneh also noted that there was an increase in investor interest in altcoins. This could be a sign indicating that people are now getting more comfortable with cryptocurrencies.

Grayscale investment increases by 100% in Q2 of 2019
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