Nov 2, 2018
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Bitcoin [BTC] and XRP Investment Trust bucking the trend of a possible reversal, says Grayscale report

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Despite the long-existing presence of the bear in the Bitcoin market this year, the crypto investment company, Grayscale, has reportedly raised about a dozen times the funds than it did last year. In a report by Grayscale published Thursday, it was stated that the firm had scooped a whopping $329.5 million in 2018, even with the bear ruling the cryptocurrency market for the majority of the year.

In the same report, the company also provided figures for the third quarter of 2018. It stated that it gathered funds worth $81.1 million in Q3, whereas the average weekly investment in all products at Grayscale was recorded at $6.2 million. Furthermore, on an average, the weekly investment for Bitcoin alone was $4.5 million, the report mentioned.


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