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There has been a substantial increase in demand for blockchain security in the past few years - mostly driven by recent blockchain hacks, and stolen cryptocurrency.
The new investment vehicle follows similar Grayscale products that offer exposure to single-assets, including Bitcoin, Ethereum, Chainlink.
Plan B appears to be unperturbed by his missed November Bitcoin’s price prediction as he insisted that the asset would finish the year at $100k.
Last week’s flows into digital asset funds suggest sustained appetite for crypto, despite recent market corrections.
The first project to get funded is Router Protocol, a crosschain communication protocol built on Polygon.
Bitcoin-based investment products have returned negative gains in the month of November while other digital assets have been mostly positive.
Can't stop, won't stop? The company now holds over 121,000 BTC worth just under $7 billion.
This is the second largest allocation the company made to a project competing for a parachain slot.
Morgan Stanley, through three of its funds, cumulatively holds over 6.5 million Graycale’s Bitcoin shares which are worth over $300 million.
