Six U.S. Insurers Invest $3.1 Million in Grayscale Crypto Trusts in Q1

According to Decrypt, six U.S. insurance companies purchased shares of Grayscale Crypto Trust in the first quarter of 2021, according to financial analyst firm S&P Global. Their combined investments amounted to about $3.1 million. The six insurers are Grinnel Mutual, Donegal Mutual Insurance, State Mutual Insurance, Safeway Insurance, Westfield Insurance and Fidelio Insurance.