Grayscale gets $700M in funding

[batang_bitcoin]

Some really big investors prever to invest thier money via fund because they believe that funds can manage their money better

And they believe that it's safer to have asset being managed by companies like Grayscale rather than to buy on their own. They just want to have a security knowing that bitcoin is a risky asset and investment.
They are at least having a peace of mind investing through fund managers and companies/brokers that has this asset on their support. The real winner here is still Grayscale, they've been buying for a long time and has accumulated a lot.

[1715361366]

1715361366

[TimeTeller]

I haven't purchased no GBTC, but it is a good thing that Bitcoin funds are created. Established investors who trade & invest in various markets might not want to host BTC by themselves, instead they buyi into the fund. They also don't have to deal with shady exchanges which are not insured.

Probably we'll see an exponential growth of the Grayscale fund similar to what we've seen last year.

Seems that no one from the forum has invested in GBTC yet.
Because I think, most of us are just managing our crypto on our own.
I believe most of these Grayscale investors don't know how to handle their own crypto.
So they just depend on Grayscale manage their money. And hoping that they will do their best to grow their funds.
But it shows that a lot of individuals are now trusting crypto, because if they don't believe in crypto, they won't risk their hard-earned money into this high risk investment.

[tinopener]

But it shows that a lot of individuals are now trusting crypto, because if they don't believe in crypto, they won't risk their hard-earned money into this high risk investment.

Why is it more high risk than Bitcoin?

If Bitcoin fails, they can just shunt the whole load into something else and re-name the trust.

You need to understand what these companies are, before you make assumptions.

[tinopener]

I don't see much benefits with investing in the fund instead just invest by buying Bitcoin yourself and enjoy the liberty of controlling how much you can make or lose to the market. To profit from funds, you only need to buy at low and hope for price to increase in order to make money. In a bull market, it's not good to invest.

For a start, I would differentiate between a "fund" and an "investment trust".

Funds are usually an umbrella term for all sorts of vehicles including ETFs, Investment Trusts, Trackers and open ended funds (OEIC) themselves.

Investment trusts are long term investments that have a brand and people buy with a certain amount of conviction. The cryptocurrency market is hardly mature itself, but until there are ETFs, all rich investors (I am not one of those) have is Grayscale.

Ultimately, I'm just trying to raise consciousness that there are different ways to invest in Bitcoin, and that will always be good for the Bitcoin ecosphere.

As long as it doesn't become saturated with derivatives (which is what Blackrock have given the green light to buying) which caused the credit crunch of 2008, then we are good.

Who knows, maybe a gold / bitcoin / derivative / futures narrative could become enough to crash the world again. I digress.

I will leave you with one thought...

Argo Blockchain, a bitcoin miner company made 1300% profit in the last 3 months and trounced Bitcoin.

[CarnagexD]

Actively buying huge chunks of bitcoin to support your own cryptocurrency which basically works like bitcoin except its your own cryptocurrency is basically a good recipe for something bad to happen. Might as well just buy bitcoin traditional and stick with it instead of haggling over this corporate-owned cryptocurrency.

[tinopener]

Actively buying huge chunks of bitcoin to support your own cryptocurrency which basically works like bitcoin except its your own cryptocurrency is basically a good recipe for something bad to happen. Might as well just buy bitcoin traditional and stick with it instead of haggling over this corporate-owned cryptocurrency.

I'm not sure how you can claim to sponsor DeFi when you have a limited understanding of how traditional instruments such as investment trusts function.

[Globb0]

But it shows that a lot of individuals are now trusting crypto, because if they don't believe in crypto, they won't risk their hard-earned money into this high risk investment.

Why is it more high risk than Bitcoin?

If Bitcoin fails, they can just shunt the whole load into something else and re-name the trust.

You need to understand what these companies are, before you make assumptions.

This was my point. Should not could.

They must protect the money. and hey a double up or 2 along the way wouldn't hurt.

When will they have "too much to sell" status? is there a point (in time. not to the whole universe lol)