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Why ‘Smart Money’ is Paying a ‘Dumb Premium’

Grayscale Investments, LLC, the biggest crypto investment fund, creates on-ramps for institutional investors to invest in cryptocurrencies. We have seen a huge influx of ‘smart money’ getting into the space and Grayscale has created financial instruments that these investors can understand. At the time of writing, they have $4.8 billion in assets under management.