Grayscale Records Record Inflow of Funds into Crypto Trusts

Digital asset management company Grayscale Investments today released a new quarterly report. SecondThe quarter of 2020 was the record for the inflow of assets into Grayscale products.

During the reporting period, the company attracted$ 905.8 million, which is almost twice the figures for the previous, also a record at that time, quarter when investors invested $ 503.7 million.At the end of the first half of the year, the volume of investments in the Grayscale line of trusts exceeded $ 1.4 billion.

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"The total investment in the entire familyGrayscale products have reached $ 2.6 billion since the company was founded. Grayscale Bitcoin Trust and Grayscale Ethereum Trust recorded record quarterly injections of $ 751.1 million and $ 135.2 million, respectively ", - the document says.

New members accounted for 14% of investments. They also accounted for 57% of the investor base. 84% of investments were made by institutional investors, primarily hedge funds.

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The company also noted an increase in interest inalternative trusts. In particular, the share of the Ethereum trust in the total volume of new investments amounted to a maximum of 15%. As of June 30, Grayscale managed $ 4 billion in assets.

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