Grayscale sees more than $1 billion in new investments in Q3
October 14, 2020, 12:39PM EDT
1 min read
Grayscale Investments, the world's largest digital currency asset manager, says it raised $1.05 billion for investment products during the third quarter of 2020 — the largest inflow of funds from investors a single quarter in Grayscale’s history.
On Wednesday the firm released a comprehensive report detailing its latest investment activity. According to the report, the vast majority of its investments (81%) in the third quarter came from institutional investors.
For all of 2020, Grayscale’s investments total $2.4 billion — double the total of $1.2 billion that has been invested in Grayscale products between 2013 and 2019.
Grayscale Bitcoin Trust is one of the fastest-growing investment products, with inflows of $719.3 million in the third quarter. In total, the company had over $5.9 billion in managed assets as of Sept. 30, 2020.
Delivering on a vision for an interoperable global standard for dollar digital currency, Circle and TRON have partnered to make USD Coin (USDC) available on the TRON blockchain, which has grown to more than 56 million accounts and nearly 2.5 billion transactions since its founding just four years ago. TRON is home to a broad ecosystem for digital assets in Asia and around the world, and the TRON community can now benefit from easy access to the world's fastest-growing, regulated dollar digital currency.
The Canadian Securities Administrators, an umbrella group for securities regulators in the country, alongside a self-regulatory organization for the investment industry, has released new guidance for crypto exchanges on the use of social media as well as advertising and marketing.