I don't think this is a bullish indicator.
The more money is locked up in a single place, the greater the centralization risk.
If Greyscale goes under, that would be catastrophic for the industry. I also don't like that Greyscale could easily manipulate the market if they wanted.
I'd rather see a large number of smaller hedge funds maintain an AUM of $5.7 billion total.
Topic: Grayscale: Net Assets Under Management, $5.7 billion - page 2. (Read 255 times)
As per their official tweet,
https://twitter.com/Grayscale/status/1291476478358560768
Maybe this is another bullish indicator? And it seems that Grayscale is leading or has become the authority as far as crypto investing and asset management with this numbers.
https://twitter.com/Grayscale/status/1291476478358560768
Maybe this is another bullish indicator? And it seems that Grayscale is leading or has become the authority as far as crypto investing and asset management with this numbers.
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