Grayscale crypto funds raised over $ 600 million in 2019
Grayscale Investment, a digital asset management company, raised over $ 600 million from investors in 2019, according to a report released this Thursday..
In total, she managed to collect $ 607.7 million in investments, which exceeds the cumulative value for the period from 2013 to 2018 and gives an amount for the entire period of its existence of $ 1.17 billion..
Grayscale raised $ 225.5 million in the fourth quarter, of which $ 193.8 million was invested in a bitcoin trust, which also marks the largest investment volume since its inception..
Grayscale’s investor base increased by 24% in 2019. New clients accounted for $ 146.9 million in total investments. 36% of all Grayscale customers invest in more than one product.
In addition, in 2019, there was again an increase in the interest of institutional investors in the Grayscale offer – their share, mainly hedge funds, accounted for 71% of the total investment volume against 66% in 2018..
“As the largest digital currency asset manager, we believe our data can reflect broader market sentiment and institutional flows. I think a lot of events took place in the fourth quarter, which helped to support the demand of investors, “said a company representative..
Grayscale also set new investment records in its third quarter report.
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