Grayscale launches ad campaign, telling investors to move to digital currencies
August 10, 2020, 9:00AM EDT
1 min read
Crypto asset manager Grayscale has launched a national advertising campaign, telling investors to move to digital currencies like bitcoin (BTC) and ether (ETH) via its products.
The 30-second commercial shows how money has evolved over thousands of years, from shells and metals to fiat money, and that now "is the time for digital currency." Notably, the ad does not mention bitcoin at all, like Grayscale's previous "DropGold" campaign. A Grayscale spokesperson told The Block that the new ad is "focused on digital currencies and Grayscale brand – not just one single digital currency like Bitcoin."
The ad has first aired on CNBC, with MSNBC, FOX, and FOX Business set to follow next, according to Grayscale founder and CEO Barry Silbert.
Grayscale provides crypto investment products, including Bitcoin and Ethereum Trusts, which help investors to take exposure in these assets without directly buying or storing them. Grayscale reported record inflows last month, raising $905.8 million across its suite of products in Q2, nearly doubling the amount from the previous quarter. Grayscale now manages $5.6 billion worth of total assets.
Iceland-headquartered bitcoin mining firm Genesis Digital Assets has raised $431 million in a strategic funding round led by investment firm Paradigm. Genesis Digital Assets said in an announcement on Tuesday that other investors in the round included NYDIG, Stoneridge, FTX, Ribbit, Electric Capital, Skybridge, and Kingsway Capital. Kingsway also invested $125 million in a previous […]