According to digital asset management company Grayscale Investments, the second quarter of 2020 was the record for the inflow of investments in bitcoin and ether trusts in the entire history of the company.
Grayscale's management released a quarterly report that said the company raised $ 905.8 million in its line of investment products in the second quarter of 2020. This is almost double the figures for the first quarter of 2020 - $ 503.7 million, which was also considered a record. The total investment in the entire range of Grayscale products since the inception of the company was $ 2.6 billion.In the last quarter, the investment in the Grayscale Bitcoin Trust was $ 751.1 million, while the Grayscale Ethereum Trust was $ 135.2 million.
14% of investments were made by new investors who make up 57% of the entire investor base. 84% of investments came from institutional investors, in most cases from hedge funds. Grayscale also reported a growing interest in alternative cryptocurrencies. The share of the Ethereum trust in the total investment inflow was 15%, and the company called this "historical high". As of June 30, Grayscale has approximately $ 4 billion in digital assets under management.
Recall that in 2019, the volume of assets managed by Grayscale doubled. In addition, according to independent researcher Kevin Rooke, Grayscale Investments buys bitcoins 1.5 times faster than they mined after halving.
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