online resources

Big Win for Bitcoin and Crypto as SEC Amends Definition of Accredited Investors

The SEC announces amendment to the Securities Law w.r.t. to the definition of “accredited and institutional investor.” The U.S. Governmental agency is looking to recognize the knowledge and expertise of individuals to freely participate in the financial markets. The new definition seeks to provide favourable treatment for “qualified and knowledgable” individuals in addition to the lower limit on turnover. Up until now, the limit for accredited investors was a net worth of $1 million (excluding personal residence) or an income of at least $200,000 in the last two years. The amendment allows for greater inclusion of crypto in the 401(k)…

Continue Reading Big Win for Bitcoin and Crypto as SEC Amends Definition of Accredited Investors

Grayscale Crypto Trust Fund Reports Largest Quarterly Inflows in Q220

Grayscale Investments LLC. reports yet another high in quarterly inflows with $905.8 million in 2Q20, totalling $1.4 billion since the beginning of the year. The Trust Fund indices which are only available to accredited and institutional investors also saw a significant increase of new investors. Reportedly, ‘new investors accounted for $124.1 million of inflows and 57% of the investor base.’ The institutional investors accounted for 84% of the investment. Moreover, 60% of the total inflow was from outside the U.S. The Bitcoin Trust fund, $GBTC, accounted for nearly 83% of the inflows, followed by Ethereum at 15%. Cumulative Asset Under Management of Grayscale Moreover, the…

Continue Reading Grayscale Crypto Trust Fund Reports Largest Quarterly Inflows in Q220

End of content

No more pages to load