According to Grayscale Investments, a digital asset management company, the second quarter of 2020 was a record for the influx of investments in bitcoin and ether trusts in the entire history of the company.
Grayscale management presented a quarterly report that states that in the second quarter of 2020, the company raised $ 905.8 million in its line of investment products. This is almost twice exceeds the figures of I quarter 2020 – $ 503.7 million, which is also considered a record. The total investment in the entire range of Grayscale products since the company was opened amounted to $ 2.6 billion. Over the last quarter, the investment in the Grayscale Bitcoin Trust was $ 751.1 million, while the share of Grayscale Ethereum Trust accounted for $ 135.2 million.
14% of investments were made by new investors, which 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 among the total investment inflow was 15%, and the company called it a “historic high.” As of June 30, Grayscale manages digital assets worth about $ 4 billion.
Recall that in 2019 the volume of assets under management Grayscale increased twice. In addition, according to independent researcher Kevin Rooke, Grayscale Investments buys bitcoins 1.5 times faster than they are mined after halving.