| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $106533.6400000000 |
| ETH | $2459.0580000000 |
| BNB | $653.1406100000 |
| XRP | $2.2051420000 |
| ADA | $0.5630910000 |
| SOL | $149.1101000000 |
| DOGE | $N/A |
| DOT | $3.3506800000 |
| LTC | $85.8175000000 |
| LINK | $13.2216100000 |
Category: CRYPTO NEWS
The post Grayscale Highlights Crypto’s Role in $80 Trillion Wealth Transfer appeared on BitcoinEthereumNews.com. With the great wealth transfer underway, crypto investors are getting excited about the potential flow of trillions in investment into cryptocurrencies. Bitcoin continues to lead with interest from institutional investments and products on a rapid rise. Digital asset manager Grayscale has been at the forefront of bringing crypto investment products into the market, citing the major shift in the mood of institutional players and the massive capital rotation from the Baby Boomers. In what could be the greatest transfer of wealth in history, nearly $80 trillion is likely to move down from the Baby Boomer generation to millennials and GenZ. This massive shift can transform the financial sector with digital assets and decentralized finance (DeFi) playing a crucial role in this. While recognizing the growing importance of this transition, Grayscale is positioning itself strategically by unveiling its crypto ETF products and establishing trust in this matter. Apart from Bitcoin, Grayscale has launched several Trust products for multiple altcoins that can give institutional players a regulated platform to invest in the digital assets market. As reported by Crypto News Flash, Grayscale announced the launch of the US XRP Trust earlier this month. Thus, Grayscale may convert this Trust into an XRP ETF, similar to what the asset manager did with Bitcoin and Ethereum. Rayhaneh Sharif-Askary, Grayscale’s head of product and research, revealed that the XRP Trust will offer investors an opportunity to diversify their portfolios beyond the top two cryptocurrencies. Ripple’s native crypto XRP is again getting institutional attention as the Ripple vs. SEC lawsuit is approaching settlement sooner. Everyone is currently curious to know whether the SEC will appeal to the judge’s decision on the $125 million settlement announcement in August, per the CNF report. Grayscale Taps Into This Massive Wealth Transfer As said, as the Baby Boomer wealth moves,…
2024-09-24T02:13:16+00:00