Grayscale sees inflows up by 200% in Q3, but where are its competitors?
October 23, 2019, 4:42PM EDT · 4 min read
- Grayscale runs one of the most successful crypto trust funds, and it faces little competition
- The structure of Grayscale’s trust products is unique, which can potentially result in high premiums for shares sold on the secondary market
- However, with no viable alternatives such as crypto ETFs or similar trust fund products, retail investors on the secondary market may have to swallow those premiums
“Why aren’t there any competitors to Grayscale’s trust product?” It’s a question that was top of mind for Multicoin Capital general manager Kyle Samani, who tweeted it last week following Grayscale announcing that it attracted $254.9 million worth of inflows in Q3. It’s a good question. The purported world’s largest cryptocurrency asset manager just wrapped up […]
Subscribe to The Block News+ to
Unlock this Feature
Choose Your Plan
If you want to know more about what you get with a Membership, or you need help convincing your manager, we got you covered. You can find the details and learn more about the benefits by clicking the link below.