Price Analysis 09/10: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, TRX
Grayscale director of sales and business development Rayhaneh Sharif-Askary said that institutional interest in the crypto space has been strong throughout this year. The second quarter inflow was $85 million with 80% coming from institutions. Though this is positive, it shows that the inflow is only a trickle and a fraction of the firepower the institutions hold.
A (BTC) exchange-traded fund (ETF) can also boost interest in the asset class. The United States Securities and Exchange Commission (SEC) will announce their decision on Bitwise Asset Management’s ETF proposal before the Oct. 13 deadline. Bitwise managing director and global head of research Matt Hougan is positive on the prospects of the proposal receiving a green light.
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