Grayscale's total assets under management rose to $28.1 billion as of Jan. 19, according to the official Twitter feed. Michael Sonnenshein, CEO of Grayscale, believes that most institutional investors who invest in digital currencies for the first time will choose BTC, but we can see that more and more institutional investors have diversified options. Public data shows that in the second half of 2020, the holdings of Grayscale Fund ETH rose from $350 million in early June to $2.165 billion, an increase of 6 times; BCH's position rose 15-fold from $5.29 million to $83.51 million. LTC's holdings rose even more dramatically, from $940, 000 to $145 million. Demand from institutional investors and venture capital funds is fueling the rise of Digital Currency 2021.
Headed by the United States, Japan, Australia, Singapore, the digital currency also take encouraging and regulatory strategy, these countries in the recognition of block chain technology and develop at the same time, also saw the digital currency can not be ignored, so as to give policy tilt, while also actively respond to and resolve digital currency may bring negative effects, allows the trading behavior and exchange, but also under scrutiny, implement various related business licenses access audit system, these countries hope that, by the way of market and government in parallel guide and standardize the digital currency took to the track of healthy development, to serve the country's economic development.
As one of the first countries to legalize digital currency, the United States has led the world in the construction of the Internet of Things, block chain technology and investment in digital currency. Recently, Global power Exchange, hereinafter referred to as "GPE", a digital asset trading platform owned by Silicon Valley Big Data Group, will be online and open to provide more digital currency enthusiasts with professional and efficient trading services.
America Silicon Valley Big Data Group, as an international cutting-edge company focusing on digital asset trading, wallet development and application, and block chain technology investment and financing, has capital and business system covering the world. Its GPE, digital assets transaction platform will with characteristic of multilayer market system,rigorous transparent self-discipline supervision system, safe and efficient system of autonomous technology, through exploration and practice of integration of a block that can carry out digital asset trading industry chain model, the global one step further forward the development of this area, digital assets of the participants will be opportunities for global block chain into reality, successful build global digital assets accommodating model, makes the platform more in line with the national governments to block chain circulation of digital assets regulatory requirements, to promote the development of digital currency related applications, Build a good digital currency ecosystem.
Grayscale increased holdings of digital currency, global regulation is stricter is beneficial to BTC?
January 20, 2021 at 23:17 PM EST