The firm buys coins for its investors, so that they can get exposure to crypto assets without engaging in the logistical and legal challenges of holding them directly themselves. As Grayscale’s trusts are traded on over-the-counter markets, the growth in its assets under management can be directly linked to renewed institutional investor’s interest in Bitcoin and other cryptocurrencies.
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Report: Financially illiterate more likely to own crypto
Bank of Canada survey finds consumers with a low level of financial literacy are twice as likely to own crypto as those with high levels
For the second consecutive year, the study “found that awareness of Bitcoin increased with financial literacy, but the likelihood of ownership declined as the level of financial literacy increased.”
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6 central banks team up to explore digital currencies
England’s apex bank is joining forces with the Bank of Canada, the Bank of Japan, the European Central Bank, and others to study use cases for central bank digital currencies
The Bank of England’s statement said the group will explore “CBDC use cases; economic, functional and technical design choices, including cross-border interoperability; and the sharing of knowledge on emerging technologies.”
