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.