$160.1 million of the $503.7 million raised during the first quarter of 2020 is the inflow from new investors. According to Grayscale, the source of 88% of the funds came from hedge funds and other institutional investments.
On April 16, the leading asset management company Grayscale has delivered its Q1 2020 report. The results of the company’s performance in the first quarter are impressive: Grayscale has managed to raise $503.7 million as a total investment into Grayscale Products. In comparison with the previous quarterly record of $254.8 million in Q3 2019, the company has nearly doubled its earnings.
Grayscale First Quarter 2020 Highlights
Grayscale has also boasted greater attention from investors in the first quarter. Notably, $160.1 million of the $503.7 million raised during this period is the inflow from new investors. According to Grayscale, the source of 88% of the funds came from hedge funds and other institutional investments.
The average weekly investment made up $38.7 million for all the company’s products. On average, $29.9 million per week accounted for Grayscale Bitcoin Trust, $8.5 million — for Grayscale Ethereum Trust, and $8.8 million — for Grayscale Products ex Bitcoin Trust.
Grayscale has also reported its 12-month inflows totaled $1.07 billion. This is the first time Grayscale inflows crossed the $1 billion thresholds. As the company has said, this record-high figure demonstrates that investors are increasing their digital asset exposure at current levels. As for average weekly investment in 12 months, all products investment made up $20.6 million, Grayscale Bitcoin Trust made up $15.7 million, Grayscale Ethereum Trust accounted for $4.0 million, and Grayscale Products ex Bitcoin Trust —$4.8 million. Here, institutional investors dominated as well, making 79% of the investment.
Grayscale Holds 1.7% of the World’s Bitcoin Supply
In its first-quarter 2020 report, Grayscale has also revealed its Bitcoin Trust now controls 1.7% of the world’s Bitcoin (BTC) supply. This figure is up 0.1% since the end of 2019.
The inflows to Grayscale Bitcoin Trust hit $388.9 million, which is the highest level Grayscale saw in a single quarter. In comparison, the previous high was $193.8 million in Q4 2019.
As for the assets under management as a proportion of the total cryptocurrency market cap, Grayscale holds 1.2% of the world’s crypto.
About Grayscale Investments
Set up in 2013, Grayscale Investments is the world’s largest crypto asset manager. Its mission is to build transparent, familiar investment products that facilitate access to this burgeoning asset class, and provide the springboard to invest in the new digital currency-powered “internet of money.”
The company offers 10 investment products that operate within existing regulatory frameworks, creating
secure and compliant exposure for investors. Of all its products, the Grayscale Bitcoin Trust has the highest demand. For example, in Q4 2019, it raised $193.8 million, and $471 million throughout the whole year. By now, these figures have grown further, which the Q1 2020 report shows.