Janis is a cryptocurrency enthusiast and a bitcoin adherent. He has a background in video production, but for the past couple of years, he is a full-time crypto researcher and writer. He has a good understanding of multiple cryptocurrencies and loves to cover daily news. He considers himself a semi-bitcoin maximalist but always is open to any kind of new ideas that could be put on the blockchain. In his free time, he likes skateboarding and cars.
Just recently, Grayscale investments reported a record all-time high volume of assets under management. Grayscale’s assets under management now is worth approximately $2.7 billion.
Yesterday, July 16, Grayscale shared their Digital Asset Investment report on Q2 2019. It shows that the investment firm has reached an all-time high volume of assets under management, worth $2.7 billion. An interesting fact is that the sum has nearly tripled since the last quarter. Grayscale has been able to show remarkable growth.
Also, on the report, the company shared that the total investments into its single-asset and diversified investment products accounted to $84.8 million. That is near twice the amount what the company saw in the previous quarter. Again, a remarkable performance by the New York-based investment company. Additionally, Grayscale revealed that a significant part of the recent crypto surge was the new investments within the reach of their company.
Investing With Grayscale
Grayscale investments shares that the highest percentage of investor demand for the products that they offer came mostly from institutional ones. Specifically, institutional investors accounted for 84%. However, the firm reveals that alternative investments also saw a sharp increase, surging from 1% in the previous quarter to 24% now. Basically, all 10 Grayscale investment products saw a significant increase in demand.
Previous reports show that Grayscale Investments’ Bitcoin Trust was up 300% since the beginning of the year. If comparing to the traditional stock market, this surge is something out of this world, investment-wise, because the traditional markets like S&P 500 or Dow Jones recorded something around 17% in the same time period.
Moreover, this month Grayscale Investments also resumed the private placement of GBTC shares. These shares are now periodically being offered to accredited investors. That is defined in Rule 501(a) of Regulation D under the securities act – for the daily subscription.
Also, just to refresh our minds – Grayscale is one of the rivals who launched the #DropGold campaign. With this their primary goal is to point out to the flaws of gold and actively compares it to Bitcoin as a better asset, explaining it as the future.
“Ever tried to pull your weight in gold? We’re living in a digital world, a new financial era where Bitcoin is displacing gold. While a gold bar weighs around 25.7 pounds, Bitcoin is weightless and can be bought, sold, and transferred as easily as a text message,” they write in their website.
However, they go on clarifying that Gold isn’t bad, they say, “It’s just that Bitcoin is better”.