Grayscale raises more than $1 billion in cryptomorph investments in Q3

Grayscale raises more than $1 billion in cryptomorph investments in Q3

Total investment already exceeds US$ 2.4 billion

Grayscale Investments, the world’s largest digital asset manager, released its Digital Asset Investment Report for the third quarter of this year on Thursday (14). The company revealed that it raised US$1.05 billion in its investment products.

Leading the way is the Grayscale Bitcoin Trust (GBTC), with a inflow of just under US$720 million in the quarter.

However, demand for other Grayscale products Bitcoin Evolution grew, with a total of 31% of the inflows in the third quarter from products other than GBTC. Among other products, the largest increases were reported in the Grayscale Bitcoin Cash Trust, the Grayscale Litecoin Trust and the Grayscale Digital Large Cap Fund.

Additional products provide exposure to Ethereum, XRP and Zcash. The Grayscale Ethereum Trust recently became the second cryptoma-focused fund to be registered with the SEC – after the Grayscale Bitcoin Fund became the first.

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In addition, the year-to-date investment in Grayscale’s product family exceeded $2.4 billion. This represents double the US$ 1.2 billion inflow between 2013-2019.

Most of the investment continues to come from institutional investors, accounting for more than 80% of the third quarter’s investment.