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Home Markets Cryptos
Bitcoin

Pension funds take up investing in Bitcoin

Olumide AdesinabyOlumide Adesina
3 years ago
in Cryptos
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Pension funds have already begun investing in the world’s most popular crypto asset, Bitcoin, according to the biggest crypto hedge fund firm, popularly known as Grayscale.

What you should know

In a recent Bloomberg interview, Grayscale CEO, Sonnenshein, disclosed on the pension industry joining hedge funds and other institutional firms in gaining exposure to Bitcoin through his firm portfolio, better known as Grayscale Bitcoin Trust.

READ: World biggest crypto hedge fund: Grayscale Crypto holdings now $9.8 billion

We’ve started to see participation not just from the hedge fund segment, which we’ve long seen participation from, but now it’s recently from other institutions, pensions, and endowments.

  • Investors are increasing their cash flow investments to notable crypto hedge funds, who are prepared to pay a premium to buy and hold cryptos through the security of a regulated fund like Grayscale.
  • Grayscale Bitcoin Trust is a traditional investment vehicle with shares titled in the investors’ name, providing a familiar structure for financial and tax advisors and easy transferability to beneficiaries under estate laws.

READ: List of Cryptos outperforming Bitcoin, with weekly gains of over 100%

At press time, Grayscale net Assets Under Management, Holdings per Share, and Market Price per Share for its Investment Products totalled $24.5 billion. The sizes of allocations they are making are growing rapidly as well.

01/11/21 UPDATE: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products.

Total AUM: $24.5 billion$BTC $BCH $ETH $ETC $ZEN $LTC $XLM $XRP $ZEC pic.twitter.com/WgFd5UCENP

— Grayscale (@Grayscale) January 11, 2021

The chief Executive officer also gave details about the trust and how it could affect the overall Bitcoin market as regards pricing.

READ: Greek Debt Crisis and the sudden rise in Nigerian Stock Market All Share Index!!

Sonnenshein said:

  • “So there is definitely an argument to be made about Grayscale and really any other vehicle that may be removing Bitcoin from circulation and putting it into a financial product inherently increasing the scarcity of an already scarce asset. This is a verifiable scarce asset and so when there are mechanisms that are removing them from circulation, that’s inherently making it an even scarcer asset.”

READ: U.S investment giant, with $295 billion assets plans to buy Bitcoin


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Tags: BitcoinGrayscaleGrayscale Bitcoin TrustPensionSonnenshein
Olumide Adesina

Olumide Adesina

Olumide Adesina is a financial market journalist and investment trader. Message Olumide on Twitter @tokunboadesina

Comments 1

  1. Yahaya Yusuf Onimisi says:
    January 13, 2021 at 1:39 pm

    This could be an oppotunity for me to exit papectual poverty due to poor planning please guide me on this great chance of survival

    Reply

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