{"id":44355,"date":"2021-06-15T12:56:53","date_gmt":"2021-06-15T09:56:53","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=44355"},"modified":"2025-08-31T16:37:18","modified_gmt":"2025-08-31T13:37:18","slug":"several-insurers-invested-in-grayscale-investments-crypto-products","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/several-insurers-invested-in-grayscale-investments-crypto-products\/","title":{"rendered":"Several insurers invested in Grayscale Investments’ crypto products"},"content":{"rendered":"

Six US insurers for the first time bought Grayscale Investments’ Bitcoin- and Ethereum-based trusts, according to the analytics firm S&P Global Market Intelligence<\/a>.<\/p>\n

The largest sum ($968,000) was allocated by Grinnell Mutual. The largest investments in the Ethereum-based product ($141,500) were made by State Mutual Insurance.<\/p>\n

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Data: S&P Global Market Intelligence.<\/figcaption><\/figure>\n<\/div>\n

In December 2020, MassMutual, an insurer serving 5 million clients, executed<\/a> the largest investments in the sector ($100 million). The partner was cryptocurrency funds manager New York Digital Investment Group (NYDIG). New York Life Insurance invested twice as much in NYDIG’s funds, according to S&P Global Market Intelligence.<\/p>\n

In April, NYDIG acquired<\/a> the commercial lender Arctos Capital. Through the deal, the manager aims to attract additional funds from banks and life-insurance companies into the developed products.<\/p>\n

Also in April, NYDIG launched<\/a> a Bitcoin-based solutions line for the global insurance industry.<\/p>\n

In May, NYDIG entered into a partnership<\/a> with fintech giant Fidelity National Information Services to develop a product that will give customers of hundreds of American banks access to Bitcoin.<\/p>\n

Follow ForkLog news on Twitter<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

Six US insurers for the first time bought Grayscale Investments’ Bitcoin- and Ethereum-based trusts, according to S&P Global Market Intelligence.<\/p>\n","protected":false},"author":1,"featured_media":44356,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,46,943,1156,508],"class_list":["post-44355","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-ethereum","tag-grayscale-investments","tag-institutional-investors-and-whales","tag-insurance"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/44355","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=44355"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/44355\/revisions"}],"predecessor-version":[{"id":44357,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/44355\/revisions\/44357"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/44356"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=44355"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=44355"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=44355"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}