Pension funds are getting in on Bitcoin, according to Grayscale

Pension funds are getting in on Bitcoin, according to Grayscale

Grayscale’s newly-appointed CEO Michael Sonnenshein told Bloomberg Thursday that pension funds and endowments are investing actively into the Grayscale family of funds.

He explained:

“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 […] The sizes of allocations they are making are growing rapidly as well.”

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Grayscale has been at the center of the Bitcoin buying spree and now holds roughly 3% of the BTC in circulation. The fund manager continues to accumulate large positions in the digital asset as more institutional investors seek exposure to Bitcoin. 

Its total assets under management, or AUM, have eclipsed $27 billion across ten different products. The Grayscale Bitcoin Trust remains by far its most popular product with over $23 billion in AUM. Grayscale’s Ethereum trust is currently valued at around $3.6 billion, while its Digital Large Cap Fund holds nearly $339

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