{"id":286911,"date":"2021-04-12T13:06:35","date_gmt":"2021-04-12T17:06:35","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=286911"},"modified":"2021-09-09T03:39:19","modified_gmt":"2021-09-09T07:39:19","slug":"crypto-mom-believes-market-has-grown-remains-coy-on-bitcoin-etf-approval","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/crypto-mom-believes-market-has-grown-remains-coy-on-bitcoin-etf-approval","title":{"rendered":"Crypto Mom Believes Market Has Grown, Remains Coy on Bitcoin ETF Approval"},"content":{"rendered":"

The cryptocurrency market has been described as matured by Hester Peirce, a Commissioner for the US Securities and Exchange Commission (SEC), otherwise known as Crypto Mom.<\/span><\/p>\n

Peirce <\/span>remarked<\/span><\/a> during an interview with a correspondent of Bitcoin.org.<\/span><\/p>\n

Cryptocurrency Market Has Greatly Matured<\/b><\/h2>\n

Peirce’s assertion was not unconnected to the emerging interest of institutional investors in digital assets.<\/span><\/p>\n

She explained that the growing trend of large institutions in the mainstream financial industry picking interest in Bitcoin is an indication that the market has matured.<\/span><\/p>\n

It would be recalled that several institutional investors like Tesla<\/a>, Goldman Sach, and others have made bets on Bitcoin.\u00a0<\/span><\/p>\n

However, many other institutional investors use investment platforms such as Grayscale Investment Bitcoin and Ethereum Trusts.<\/span><\/p>\n

Earlier, Grayscale <\/span>reported<\/span> its Assets Under Management (AUM) was close to $50 billion. More specifically, Grayscale Bitcoin Trust (GBTC) assets are valued at more than $38 billion.\u00a0<\/span><\/p>\n

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04\/09\/21 UPDATE: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products.<\/p>\n

Total AUM: $46.1 billion$BTC<\/a> $BCH<\/a> $ETH<\/a> $ETC<\/a> $ZEN<\/a> $LTC<\/a> $XLM<\/a> $ZEC<\/a> $BAT<\/a> $LINK<\/a> $MANA<\/a> $FIL<\/a> $LPT<\/a> pic.twitter.com\/8RMLseCeQQ<\/a><\/p>\n

— Grayscale (@Grayscale) April 9, 2021<\/a><\/p><\/blockquote>\n