The US cryptocurrency investment company Grayscale has released a report for the first quarter of 2019. The report shows that most of the money in cryptocurrency investment products is concentrated on bitcoins.
In the fourth quarter of 2018, $ 30 million (approx. 3.2 billion yen) was poured into Grayscale’s investment products, but in the first quarter of 2019 that amounted to $ 42.7 million (approximately 4.6 billion yen). It’s bulging.
Among investment products by currency, Litecoin Trust, which recorded a large increase in April , achieved the highest return of 96% .
In addition, in terms of money inflow by currency , the amount of investment in Bitcoin Trust accounted for 99% of the total .
Grayscale responds by saying that “investors may have found that bitcoin’s risk-to-return ratio is better than other digital assets.”
On the other hand, the investment in Altocoin in the fourth quarter of 2018 and the first quarter of 2019 decreased significantly compared to the previous level, and became about 1% of the whole.
Grayscale, a company that talked about airing TV commercials promoting bitcoins the other day in the United States, is focused on promoting cryptocurrency investment products.
US investment company starts broadcasting commercials calling for investment in bitcoin in the US and attracts attention-CRYPTO TIMES
Article Source: Grayscale
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Author: kaz 【Coin Desk News】 – Source Post: https://crypto-times.jp/grayscale-report-2019q1/
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