Grayscale, which left its mark with the Bitcoin and Ethereum purchases in 2020, has stopped the new investment.
Grayscale Investments, the largest mutual fund in the cryptocurrency space, is no longer accepting new investments in Bitcoin and Ethereum funds.
In the declaration on the website of the Crypto Asset Manager; It has been found that new investment in Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin and Digital Large Cap Fund Trust products is currently unavailable.
Grayscale recently made a similar decision in the fourth quarter of 2019.
Grayscale funds have had big entries lately. Bybt data shows it has received 45,000 879 BTC, 342,000 348 ETH, 157,000 732 LTC, 20,000 463 ETC, 43,000 484 BCH in the past 30 days. The amount in Grayscale’s Bitcoin fund is 572,640 BTC, which is 3 percent of the amount in circulation. The value of these BTCs in dollars is $ 13 billion 300 million.
Analysts at US banking giant JP Morgan wrote to Grayscale that a slowdown in bitcoin inflows could increase the likelihood of a decline in the price of bitcoin.
Bitcoin, the largest cryptocurrency by market value, is finding buyers at $ 23,200 at 8:10 p.m. when the news broke.