Digital Assets: Grayscale Reports A Blow-Out Third Quarter; Nabs $1.05B Inflows

October 15, 2020 | Digital Assets, News

Q3 was Grayscale’s third consecutive record-breaking quarter.

Grayscale Investments, the largest asset manager of digital currencies in the world, said it gained $1.05 billion of inflows into its digital investment products during the third quarter of 2020. It was the biggest quarterly inflow in the firm’s history. (Medium)

Key highlights from the asset manager’s Q3 report

  • The star performer was the Grayscale Bitcoin Trust, which garnered inflows of $ 719.3 million. Year to date the assets of this trust have surged from $ 1.9 billion to $ 4.8 billion. Though the trust is not an ETP or ETF, in comparison with these products the Bitcoin Trust would rank as the third fastest-growing product this year.
  • The firm offers digital currency-based products other than bitcoin too. Among these so-called alternative products, Grayscale Bitcoin Cash Trust, Grayscale Litecoin Trust, and Grayscale Digital Large Cap Fund enjoyed “unprecedented demand.” Inflows for these products jumped more than 1,400% quarter on quarter.
  • During the third quarter, the asset manager’s bitcoin inflows were equivalent to about 77% of all the bitcoin mined in that period, up from about 70% in the second quarter.

  • Institutional investors accounted for the lion’s share of investment during the quarter – as much as 81%.
  • As of September 30, Grayscale Investments’ AUM across its 10 products was approximately $ 5.9 billion.

Related Story:   “Bitcoin Is An Uncorrelated Asset,” Says Fidelity Report

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Latest Alternative Investment News
Artificial Intelligence: AMD Takes On Rivals In The AI Chip Sweepstakes
December 7, 2023     Artificial Intelligence, News

Chipmaker AMD (NASDAQ: AMD) has unveiled a range of innovative AI solutions spanning from data centers to personal computers. The AMD Instinct MI300 Series features data center AI accelerators, while…
Digital Assets: Robinhood Debuts Crypto Trading On Its App In The EU
December 7, 2023     Digital Assets, FinTech, News

Robinhood (NASDAQ: HOOD) has launched its Crypto app in the European Union (EU), allowing eligible customers to engage in crypto trading with the added incentive of earning Bitcoin rewards. Customers…
FinTech: Samsung Electronics Ties With Mastercard’s Wallet Express
December 7, 2023     FinTech, News

Samsung Electronics (KRX: 005930) and Mastercard (NYSE: MA) have partnered to launch the Wallet Express program, offering banks and card issuers a cost-effective way to expand digital wallet offerings. Through…
Venture Capital: Revaia, Europe’s Biggest Female-Led VC Firm, Racks Up $160M For Second Fund
December 7, 2023     ESG and Sustainability, News, Venture Capital

Revaia, Europe’s largest female-founded venture capital firm, has successfully raised €150 million ($160 million) for its second fund, Revaia Growth II. The funding was secured from sovereign wealth funds, family…