Despite falling cryptocurrency market, a subsidiary of the Fund when Investments Digital Currency Group continues to report on progress.
It is reported that for the fourth quarter of last year, the Fund raised $30.1 million And although this is much less than the results of the fourth quarter of 2017, when the Fund has received financing in the amount of $95.4 million, even this result is very significant.
Last year was the best for the Fund, which was founded in 2013, the total amount raised by the Fund in 2018, amounted to $359 million This result is quite expected, because in the beginning of last year has not yet subsided “cryptocurrency fever”.
It is noteworthy that, according to the Foundation, half of the funds received in the fourth quarter of 2018, was raised from institutional investors and a large percentage of them are pension funds.
“Investors love most about bitcoin and feel more confident when their funds invested in this asset,” – said the managing Director of the Fund, noting that the vast majority of institutional investors prefer the first cryptocurrency.
According to the founder of Digital Currency Group and Grayscale Investments Silbert Barry (Barry Silbert), in the long run most of the digital token will have no value.
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