Grayscale Investments: Institutional investors switch to XRP
Grayscale Investments, the company launched Digital Currency Group in September 2013, has become a major player in the financial space, which has a considerable impact on the market of digital currencies. It manages the cryptocurrency investment trust funds working on the OTC market (OTC).
Only that the company has published the latest data on digital currencies, which are most attractive to institutional investors.
Grayscale Investments claims that 12% of investors tend to buy XRP in its affiliated Fund Large Cap Digital and that this figure increased by 9.9% compared to the previous quarter.
In the last few months there has been a decline of interest in lytkino, Ethereum and Bitcoin Cash, although this is still significant digital assets. On the other hand, increases demand for XRP (and bitcoin).
Here’s how to change the ratio of the above-named assets from 30 June to 30 September 2018 in Digital Large Cap index
litecoin — from 2.4 to 2.1%;
Bitcoin Cash — from 6.5 to 5.5%;
live — from 23.6 to 13.1%;
XRP — from 9.9 to 12.5%;
bitcoin 57,6 to 66.8%.
Meanwhile the world trade organization believes that blockchain technology, especially in the hands of Ripple, could cause large-scale revolutionary changes in the global financial system. In its report, the WTO notes that the blockchain has the potential for profound transformation of Commerce.
Recall that Ripple fans recently launched a petition in support make XRP official cryptocurrency of the Olympic games in Tokyo in 2020.