Grayscale reported the best quarter in its history with over $ 1 billion in investments Digital asset management company Grayscale Investments reported the best quarter in its history, bringing over $ 1 billion to its funds based on various cryptocurrencies.

Grayscale reports the best quarter in its history with investment volume above $ 1 billion

Digital asset management company Grayscale Investments reported on the best quarter in its history, bringing over $ 1 billion to its funds based on various cryptocurrencies.

According to a report released today, investments in Grayscale funds for the third quarter amounted to $ 1.05 billion, and since the beginning of this year their volume has reached $ 2.4 billion. 2013-2019 years.

The most popular product of Grayscale remains the GBTC bitcoin trust, which received $ 719.3 million in the third quarter. Asset volume Grayscale managed in Bitcoin since the beginning of the year grew by 147%.

The remaining Grayscale products accounted for 31% of the investments received in the third quarter. Litecoin-based trusts and Bitcoin Cash, and the large-cap cryptocurrency fund recorded a 1,400% increase in inflows over the previous quarter.

81% of funds in the third quarter were provided by institutional investors, with 57% of clients investing in multiple products at once. According to Grayscale, this indicates an increase in interest in cryptocurrencies other than bitcoin..

As of September 30, all Grayscale trusts had $ 5.9 billion in assets.

The Grayscale Ethereum Trust has recently received the status of a company accountable to the Commission on securities and the US Exchanges (SEC). Previously, the GBTC trust had the same status.

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