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Institutional Money Continues Surging Into Cryptos

It was less than 2 weeks ago that we reported Voyager Digital’s assets under management had risen from $5 million a year earlier to $200 million. In a further sign of a continued flood of money into crypto assets, Voyager Digital has announced that assets under management (AUM) has crossed $500 million in the past 24 hours.

Voyager Digital Ltd. is a publicly-traded, licensed crypto-asset broker that provides investors with a turnkey solution to trade crypto assets.

During the past year, while Voyager’s AUM grew from $5 million to $200 million, crypto investment firm Grayscale saw assets under management surge tenfold as wider adoption of bitcoin drove billions of new dollars into its trusts.

The firm’s assets lept to $20.2 billion from $2 billion last year, according to a quarterly report published this week. Grayscale’s Bitcoin Trust garnered the bulk of the inflows, surging to $17.5 billion from $1.8 billion in AUM as the popular cryptocurrency’s price soared higher. On average, the Grayscale’s bitcoin trust averaged in inflow of $90 million per week.

Institutional investors’ newfound interest in cryptocurrencies was also a boon for the entire cryptocurrency industry. Many market experts see no end in sight for continued instiutional money flowing into the sector.

The rally accelerated in the fall following MicroStrategy and Square revealing that they purchased bitcoin and opened the door for various other public firms to do exactly the same. PayPal’s announcement that it will permit users to purchase as well as sell cryptocurrencies further lifted prices in late October.

“The significant growth in our assets in such a short time frame shows the power of the Voyager model,” said Steve Ehrlich, Co-founder and CEO of Voyager. “Voyager’s AUM continues to grow exponentially, as well as the growth of daily net deposits and new accounts on the platform.”

About Voyager Digital Ltd.

Voyager Digital Ltd. is a crypto-asset broker that provides retail and institutional investors with a turnkey solution to trade crypto assets. Voyager offers customers best execution and safe custody on a wide choice of popular crypto-assets. Voyager was founded by established Wall Street and Silicon Valley entrepreneurs who teamed to bring a better, more transparent and cost-efficient alternative for trading crypto-assets to the marketplace.

Voyager Crypto App
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Blockchain News Cryptocurrency News

Steve Ehrlich, CEO of Voyager Digital Ltd. Announces Assets Under Management (AUM) Climbs To $200 Million

Voyager Digital Ltd. (CSE: VYGR) (OTCQB: VYGVF) (FRA: UCD2), a publicly-traded, licensed crypto-asset broker that provides investors with a turnkey solution to trade crypto assets, today announced that assets under management have surpassed $200 million, up from $5 million just one year ago.

Money – both institutional and individual – continues pouring into cryptocurrencies.

The company also announced that its CEO and Co-founder, Steve Ehrlich, will present and be available to meet with investors at three upcoming investor conferences: the SNN Network Canada Virtual Conference on January 7, 2021, the Noble Capital Markets Seventeenth Annual Small & Microcap Investor Conference to be held on January 19-20, 2021, and the A.G.P. Virtual Emerging Growth Technology Conference to be held on February 4, 2021.

Information

Management will provide an overview of the Company’s business during each presentation as well as progress updates. The Company will also be available for one-on-one meetings with investors who are registered to attend the conferences.

“Voyager is excited to update investors with our recent progress,” said Steve Ehrlich, Co-founder and CEO of Voyager. “Our platform is seeing unprecedented growth as digital assets are increasingly utilized by the mainstream for investment and payment processing. We recently announced our assets under management have surpassed $200 million, up from $5 million just a year ago. This speaks to the strength of Voyager’s easy-to-use trading platform, which enables investors to trade commission-free on 55 digital assets.”

For more information on Voyager Digital, please visit the company’s website. The Voyager app is available for Android and iPhone.

About Voyager Digital Ltd.

Voyager Digital Ltd. is a crypto-asset broker that provides retail and institutional investors with a turnkey solution to trade cryptocurrency assets. Voyager offers customers best execution and safe custody on a wide choice of popular cryptocurrencies. Voyager was founded by established Wall Street and Silicon Valley entrepreneurs who teamed to bring a better, more transparent and cost-efficient alternative for trading crypto-assets to the marketplace.