There has been an increase in the Grayscale investments from hedge funds and other institutional investors for its cryptocurrency trusts. The director of investor relations at Grayscale, Ray Sharif revealed that hedge funds and other financial institutions have invested $1.7 billion into Grayscale Investment’s Bitcoin and cryptocurrency funds. Grayscale’s cryptocurrency trust weekly investment has increased over 800% over the year, from $3.2 million per week in 2019 to nearly $30 million per week in 2020.