Institutional investors shower money on Ethereum

Although Charles Hoskinson has stated that Ethereum is a tad blocked by the Vitalik Buterin’s leadership, institutional investors seem to disagree.

Vitalik and Justin in ‘dictator’ twitter spat

Digital asset management giant Grayscale admitted in their Q1 2020 report that more and more classic institutions are showing some serious interest in Vitalik’s ETH.

It would appear that over the past quarter, their investors poured a record $389 million into the company’s Bitcoin Trust and some $110 million in their Ethereum Trust.

It would appear that over the past quarter, their investors poured a record $389 million into the company’s Bitcoin Trust and some $110 million in their Ethereum Trust

“Investors are tactically using drawdowns to increase their exposure to the asset class, even in a ‘riskoff’ environment. Our institutional investor segment also continued to expand, a trend that could gain additional momentum as legacy financial institutions reinforce the investment thesis for the asset class. Additionally, as existing investors allocate to multiple products, the investment community should monitor the expansion of increased demand for diversification within the asset class.”

Speed of Vitalik

Meanwhile Vitalik Buterin continues to draw criticism. The latest person to do so was Charles Hoskinson, founder of Cardano, who stated in an interview: “So, basically Ethereum moves at the speed of Vitalik. So if he knows how to do something very well and he’s become very competent in something, they have a handle on it. But when you’re talking about research, when you’re talking about actually delivering a product to market, these are things that require experience.”

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