Grayscale Managing Director: 84% of capital inflows in the third quarter came from non-encrypted hedge funds

According to Cointelegraph, on November 20th, Grayscale's managing director Michael Sonnenshein said in an interview with CNBC that the Form 10 file recently submitted by the asset management company to the SEC would be a "milestone" in the encryption industry if approved. Sonnenshein noted the agency's strong interest in cryptocurrency access products, even in the third quarter of 2019, where 84% of the inflows came from non-encrypted hedge funds, and they wanted to gain exposure to digital assets.