BTC price has recently started to recover, but bears still dominate the market. Nevertheless, the Grayscale Investment cryptocurrency fund continues to raise funds and earn dividends for its clients. Another $248 million added to the company's assets, which already exceed $2 billion. No other investment company has managed to raise similar amounts this year. This fund is led by Barry Silbert, who also owns various cryptocurrency trading tools and information sites. Barry Silbert offers exchange-traded assets pegged to the price of altcoins.
This practice seems dangerous to American financial authorities. It is not good when the price of an exchange-traded asset can be easily manipulated through social media posts.