Raison Asset Management clients can buy Kraken pre-IPO shares, the largest American crypto exchange after Coinbase. Kraken plans to go public in 2022.
In the past year, many companies and investment funds have paid attention to cryptocurrencies for the first time. Bitcoin not only grew rapidly in value but also became an instrument of protection against inflation.
Who invested in cryptocurrencies in August?
- Morgan Stanley has acquired 6.5 million shares of the Grayscale Bitcoin Trust.
- Microstrategy (NASDAQ: MSTR) bought 3,907 bitcoins for $177 million with total Bitcoin funds worth of 114 042 BTC or approximately $5 billion.
- International investment company BlackRock ($ 9 trillion AUM) has invested $383 million in Bitcoin mining companies.
- US “Big Four” banks JPMorgan and Wells Fargo have launched passively managed bitcoin funds for high net worth clients.
Interest from institutional investors shows that the cryptocurrency market is becoming a full-fledged part of the financial system.