US digital asset giant Grayscale has unveiled that pension and endowment funds are gearing up to invest in the cryptocurrency space. This observation is shared by most of the financial industry experts.
“We see interest not just by the hedge fund sector, but also from other organizations, and the amount of funds allocated by them is growing rapidly,” said CEO Michael Sonnenstein.
Grayscale claims that it accounts for more than З% of the world’s Bitcoin emission, and the company’s 10 funds manage assets for $25 billion, although a year ago this figure was $2 billion.
Building up on this success, the company plans to double its workforce and introduce half a dozen new products this year.
“We expect to see an increase in demand in the next few years as the insurance industry and pension funds follow the lead of the pioneer MassMutual,” Sonnenschein noted.
