Hedge Fund Bitcoin Buying Spree Accelerated 2400% in Q1: Grayscale
By CCN: The bitcoin price enjoyed a wildly-bullish start to 2019, and the flagship cryptocurrency’s winning streak shows no signs of letting up anytime soon. Hedge Funds Headline 42% Increase in Grayscale Inflows While cryptocurrency remains a retail-dominated market, data from investment firm Grayscale reveals that institutional investors continue to ramp up their exposure to the asset class. And according to the firm’s newly-published first-quarter Digital Asset Investment Report, last quarter saw a massive surge in investments from one particular type of institutional investor: hedge funds. During Q4 2018, hedge funds invested less than $1 million in Grayscale products, including
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