Grayscale Cryptocurrency Funds …

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.

Grayscale Cryptocurrency Funds ...

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.

Grayscale Cryptocurrency Funds ...

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