WCP: Blockchain Tech, Cryptocurrency Opportunity and the Adoption Cycle

Companies are ramping up their crypto- and blockchain-focused investments.

https://www.fool.com/investing/2019/07/19/crypto-news-grayscales-record-inflows-shells-new-b.aspx

Increasing amounts of capital are flowing into the crypto and blockchain start-up markets. By following the money, investors can uncover new profit opportunities. Here's some recent news you won't want to miss. 

Institutional demand for crypto is rising

Digital asset investment firm Grayscale saw its assets under management triple from $926 million to $2.7 billion in the second quarter amid a sharp rebound in the crypto market. 

In addition to rising prices, Grayscale also benefited from inflows of $85 million in the second quarter, up from $42.7 million in the first quarter and $30.1 million in the fourth quarter of 2018. Notably, this occurred despite the fact that the Grayscale Bitcoin Trust (NASDAQOTH:GBTC) was closed to new investment in May and June. Still, with the price of Bitcoin rising sharply in recent months, Grayscale Bitcoin Trust delivered an impressive 178.8% in the second quarter.