TechFlow News — According to a CoinDesk report on December 22, Grayscale Investments LLC announced on Monday that its Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, and Grayscale Digital Large Cap Fund currently are not accepting new investments. Grayscale reportedly blocks access to its cryptocurrency trust funds periodically in order to conduct so-called "private placements"—an action GBTC repeatedly took during the fourth quarter of 2019, making this move nothing out of the ordinary. Even while temporarily closed to new investors, Grayscale can still raise additional capital from existing investors until it reopens to new participants. On Monday, JPMorgan analysts said the sharp slowdown in GBTC inflows could increase the likelihood of a Bitcoin price correction.
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