Grayscale to extend its operation to the European crypto fund market

[Flow-er]

Michael Sonnenshein, the CEO of Grayscale said that the organisation is willing to extend its operation into the European crypto trust fund market very soon. The big asset manager company has over $30 billion worth of bitcoin trust fund under its management and they are actually discussing with the local partners to see how they could penetrate the European crypto trust fund market. This is a very good move for the cryptocurrency market and a milestone achievement for Grayscale.

This is much expected because the company has been Eyeing this position for a long time. The influence that the cryptocurrency had in the financial system of the world is very an enormous and it cannot be overstated. This is why we are witnessing the lots of inclusiveness in the cryptocurrency market.

The grayscale could be likened as a whale in the cryptocurrency market and extending its operation to the European nation will cause a significant spike in the price of the cryptocurrency markets. This is a welcome development around the crypto space and it is very important that we take note of this as part of a fundamental analysis in the prediction of the market sentiment in order to pull a successful crypto trade.

 

[Lens1000]

It is indeed a very good idea if such a big asset manager could extend its services into cryptocurrency. It is a good gesture for the giants company to invest more of its assets in cryptocurrency most especially the bitcoin. Extending tentacles to the European Union is another way to increase or diversify the company's crypto portfolio. The opportunity that is in cryptocurrency usage is very huge and the advantages that is inside is also many. This is why is very important for the company to try as much as possible to ink a deal with the European crypto fund market in order to increase their source of income using cryptocurrency. The company may have held some bitcoin under it management but it will be better to delve proper into the cryptocurrency investment in the big way. The only way I think it could be achieved right now is when the deal is accepted by the European Union. Dealing with the European Union is more or less like dealing with so many countries at the same time. It is a wonderful idea to use the European Union as a yardstick to reaching out to many countries or the member countries .