BlockFi crypto-lending platform information with US SEC an utility to launch Bitcoin Trust funding fund.
If accredited by the regulator, the belief will compete with Grayscale Investments’ extra well-known comparable product. These funds will make it doable to put money into Bitcoin with out straight buying a digital asset.
BlockFi had acquired round 5% of the shares of Grayscale Bitcoin Trust for the advantage of purchasers.
In 2020, BlockFi generates practically $ 100 million in income with a gross margin of round 30%. The platform manages $ eight billion in shopper property.
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