Demand Surges for Biggest Crypto Fund Amid Arbitrage Play: Author – CFR

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Bloomberg – Grayscale Investments LLC generated a lot of buzz when its cryptocurrency trusts attracted more than $900 million — mostly from institutional investors — in the second quarter, nearly double its previous quarterly high and bringing total assets under management to over $4 billion.  While the surge in demand can be seen as a sign that large asset managers are finally embracing digital assets, many investors were likely taking advantage of one of the more popular arbitrage opportunities in crypto.

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