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Grayscale Holds Over 3% of Bitcoin, Sees Pension Interest

  • Firm is planning new funds and doubling its staff in 2021
  • Michael Sonnenshein named chief executive on Thursday
Bloomberg business news
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Grayscale Investments LLC’s new chief executive officer says the world’s largest manager of digital assets expects increased interest from institutional investors such as pension funds and endowments to continue to fuel its rapid growth.

The Grayscale Bitcoin Trust has become a bellwether for digital asset investors after accumulating more than 3% of the total supply of the largest cryptocurrency.