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Grayscale Crypto Funds Raised Record $ 3.26 Billion In Q4


The inflow of investments in cryptocurrency funds Grayscale Investments in the fourth quarter totaled a record $ 3.26 billion.

In the third quarter, the inflow of investments amounted to $ 1.05 billion. By the end of 2020, the company attracted $ 5.7 billion, which is 4.75 times higher than the aggregate figure for 2013-2019 of $ 1.2 billion.

Over the year, the volume of assets under the management of Grayscale Investments grew from $ 2 billion to $ 20.2 billion.

Data: Grayscale Investments.

On average, new investments per week amounted to $ 250.7 million, of which the Grayscale Bitcoin Trust (GBTC) accounted for $ 217.1 million, the Grayscale Ethereum Trust (ETHE) – $ 26.3 million. The volume of client funds in altcoin-based trusts reached $ 1 billion

Data: Grayscale Investments.

Clients’ positions in the Grayscale bitcoin trust during 2020 increased from $ 1.8 billion to $ 17.5 billion. The increase in GBTC in the fourth quarter was proportional to 194% of the Bitcoin issue for the corresponding period.

During the year, the supply of bitcoin held by Grayscale increased from 1.45% to 3.31% (Ethereum – from 0.47% to 2.61%).

Data: Grayscale Investments.

Institutional investors have increased the average investment. The indicator more than doubled from $ 2.9 million in July-September to $ 6.8 million in October-December. Institutions accounted for 93% of the inflow of funds in the fourth quarter (87% came from GBTC).

Data: Grayscale Investments.

The remaining cash flow for Grayscale products came from accredited investors, family offices and retirement funds. The USA accounted for 45% of the total.

Data: Grayscale Investments.

According to the latest data, the total value of assets managed by Grayscale Investments was $ 27.7 billion.

As a reminder, on January 12, Grayscale Investments resumed accepting deposits in several cryptocurrency funds after a suspension at the end of 2020.

Earlier, the company announced the liquidation of an investment trust based on XRP.

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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