Grayscale Tells SEC Its BITCOIN Trust Rose $1.6 Billion Over Six Months!!!

Institutional investors continue to be bullish on Bitcoin and Crypto as Grayscale crypto investment firm said the dollar value of total assets in GBTC went from $1.87 billion at the end of 2019 to $3.5 billion by the end of Q2 2020 – an increase of 90%. The disclosure came in a quarterly report filed with the Securities and Exchange Commission (SEC) last Friday. BitGo CEO Mike Belshe said to invest 3% in Bitcoin to avoid pandemic lockdown devaluation.

Wealthsimple, a Canadian investing app courting the country’s day-trading millennials, is checking off regulatory boxes ahead of its cryptocurrency trading debut.

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Disclaimer - Thinking Crypto and Tony are not financial or investment experts. You should do your own research on each cryptocurrency and make your own conclusions and decisions for investment. Invest at your own risk, only invest what you are willing to lose. This channel and its videos are just for educational purposes and NOT investment or financial advice.