Grayscale Investments Announces its Strongest Quarter Ever

Vandana  |  Apr 18, 2020

Grayscale Investments, a digital asset management and investment authority has announced its strongest quarter ever in its history. Such type of news coming during the time of global economic crisis is quite strange. The company has reported that in the first quarter of this year, it has seen some huge investments. These investments have been made in the crypto products of the firm which also includes Grayscale Bitcoin Trust (GBTC). 88% of the total investment came from the institutional investors. Now the company has recorded a total $2.2 billion Assets Under Management (AUM).

This past quarter, 88% of capital raised came from institutional investors, continuing to support a long-term trend of interest in crypto access products from institutions.

This quarterly investment of Grayscale doubled the previous quarterly high

The result of this quarterly investment of Grayscale came on Thursday i.e. April 16. The AUM of Grayscale has seen a huge rise or you can say an all-time high in this quarter. It has been reported that the company has raised over $500 million in this quarter. If this will be compared to the previous year then there is a huge rise as it was able to raise $1.07 billion in the previous year.

It has also been explained by Grayscale that this first quarter that Q1 2020 has proved to be the largest quarterly investment till date. It has almost doubled the previous years high of $254.8 million in the third quarter. It has also noted a huge rise in the institutional investors during this first quarter investment.

GBTC holds 1.7% of the total bitcoin supply

Currently Grayscale is offering a total of 10 crypto investment products which also includes Bitcoin, Bitcoin Cash, Ethereum and many others. These crypto-assets are considered as a private investment tool of the company.

Through this recent success, it has also been noted that GBTC is now holding a total of 1.7% of the total bitcoin that is circulating in the market. This could be considered among the largest success of the company so far.

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