grayscale’s-crypto-products-raised-over-$3b-last-quarter,-the-most-ever

Grayscale’s Crypto Products Raised Over $3B Last Quarter, the Most Ever

Grayscale’s popular bitcoin trust all all over again led the pack with over $200 million in inflows each week.

Grayscale CEO Michael Sonnenshein
(CoinDesk archives)

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Grayscale’s Crypto Products Raised Over $3B Final Quarter, the Most Ever

Grayscale Investments raised $3.3 billion all over its cryptocurrency investment autos in closing year’s fourth quarter, a file for the digital asset manager and extra evidence of this rally’s institutional irascible.

  • Disclosed in Grayscale’s most up-to-date investment file, the elevate extra than triples the firm’s previous simplest-ever brand scheme simplest one quarter prior, when merchants piled on correct form over $1 billion. Grayscale is owned by CoinDesk’s guardian agency Digital Currency Community.
  • The Grayscale Bitcoin Trust, prolonged the firm’s hottest product, all all over again led the pack in Q4 with a median of $217 million raised each week. That massive influx all all over again outpaced the price of most up-to-date bitcoin being mined.
  • Grayscale acknowledged it now has $20 billion under management; it entered 2020 with correct form $2 billion.

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