$98,441.00
4.92%$3,354.45
9.93%$255.44
9.72%$621.02
2.94%$1.20
10.93%$0.385774
3.97%$1.00
-0.10%$3,357.94
10.02%$0.808091
1.40%$0.199493
2.71%$35.80
8.21%$0.00002458
4.06%$98,255.00
4.92%$3,979.77
10.15%$5.50
4.83%$3.58
3.41%$3,355.45
10.06%$484.69
11.75%$15.00
5.78%$0.00002064
11.07%$5.85
4.06%$8.83
5.69%$0.250948
2.56%$5.71
5.60%$89.14
7.01%$11.99
3.58%$3,543.91
10.41%$9.15
5.51%$0.995023
-0.74%$0.187227
7.22%$0.126125
4.60%$9.29
4.38%$27.27
8.92%$0.00005225
6.65%$7.38
-2.09%$517.27
13.41%$0.151533
-0.51%$1.001
-0.04%$24.82
3.62%$0.446125
4.24%$1.26
2.63%$3.62
-3.87%$3.24
5.41%$0.773027
18.00%$160.43
-0.39%$1.92
7.07%$45.50
4.32%$4.52
8.41%$0.792317
11.90%$0.03199536
2.36%$2.06
25.52%$0.00026027
7.51%$166.41
7.37%$6.31
2.33%$24.46
5.23%$1.37
8.63%$5.33
8.97%$0.991902
-0.87%$0.219631
-1.40%$0.482659
5.42%$3,361.28
10.54%$1.42
6.10%$0.704158
7.45%$5.35
6.78%$6.12
14.15%$0.215522
2.25%$3,748.77
10.09%$1.69
4.52%$0.568507
11.37%$0.162759
1.84%$3,515.66
9.91%$98,600.00
5.19%$2.25
7.84%$1.58
4.48%$98,341.00
5.27%$1.12
5.58%$3,448.58
10.29%$0.41467
2.15%$1.016
5.92%$1,628.66
7.61%$315.45
10.00%$11.15
3.75%$67.48
0.75%$1.33
-8.46%$87.12
2.73%$9.98
2.84%$17.75
4.01%$0.02870773
5.04%$0.02191921
2.95%$1.24
12.42%$98,562.00
5.19%$0.706541
5.76%$0.00000113
5.61%$0.02055225
5.24%$0.508946
13.12%$1.05
-1.10%$3.16
2.08%$0.446536
4.47%$3,339.53
9.62%$1.04
14.61%$270.53
10.29%$0.00000262
27.83%$0.658183
6.60%$0.0205844
4.07%$97,932.00
4.78%$5.68
1.91%$98,099.00
4.83%$3.82
-0.78%$1.33
8.14%$11.53
1.76%$13.03
6.70%$1.30
9.07%$0.01011999
-2.06%$0.970706
5.03%$5.77
6.16%$0.00004396
2.29%$0.75755
1.88%$5.21
7.11%$0.145213
3.38%$29.99
4.97%$1.15
7.38%$1.28
5.25%$3,456.28
10.39%$0.342284
4.06%$0.00194612
10.98%$259.73
10.17%$0.388115
5.02%$37.82
7.90%$0.00784797
13.37%$0.662466
5.29%$0.40826
5.83%$0.999009
-0.30%$0.00732717
6.18%$0.154566
10.65%$3,351.84
10.03%$45.93
11.54%$266.44
7.52%$0.00987273
6.12%$2.13
2.95%$0.073529
3.37%$3,351.06
9.79%$2,670.05
0.41%$0.236407
7.81%$0.993494
-0.23%$19.25
12.32%$0.04182677
0.78%$0.721257
7.33%$3,633.33
10.02%$0.171887
4.07%$0.00010987
6.38%$0.01342559
8.70%$1.84
11.42%$2.41
11.87%$1.29
8.70%$1.28
4.88%$32.70
2.12%$0.565445
2.70%$3,345.94
9.59%$0.00805272
5.82%$0.082048
9.01%$98,256.00
5.07%$1.94
4.41%$0.148478
10.99%$0.081516
1.11%$0.999042
-0.18%$0.576429
18.42%$1.071
2.85%$0.00155788
2.23%$2,684.13
0.97%$98,543.00
5.28%$3,346.95
9.11%$1.42
6.62%$0.249496
6.34%$0.00000024
5.91%$0.166964
8.34%$0.458793
5.93%$0.401308
10.25%$1.00
-0.18%$97,956.00
4.58%$2.65
19.34%$0.5206
5.67%$8.53
0.77%$3,358.35
10.16%$0.06524
2.89%$0.482719
45.19%$53.99
2.86%$0.00000048
2.53%$3.88
4.89%$0.067428
2.23%$0.464582
-3.99%$1.074
1.26%$0.440598
3.93%$3,592.12
9.75%$3,354.99
10.07%$0.335893
6.21%$3.25
23.37%$7.01
8.88%$0.426908
90.53%$1.001
-0.07%$0.230445
10.20%$3,518.45
10.39%$0.429898
23.94%$0.00770805
5.24%$8.25
9.97%$0.04241424
16.52%$0.985076
2.31%$97.76
-0.38%$0.01312764
6.04%$3.65
7.75%$0.994687
0.02%$0.996683
-0.32%$0.04249586
6.51%$0.960241
5.94%$1.061
-0.08%$0.02059385
5.03%$1.89
28.55%$3,700.98
9.95%$0.702583
9.43%$1,979.54
5.12%$3.57
12.40%$0.0221521
23.45%$10.61
7.13%$0.939087
12.30%$0.543534
2.11%$0.00212124
7.83%$0.04679261
7.32%$98,244.00
5.01%$0.00458564
3.43%$1.002
0.11%$0.669053
5.13%$3,552.76
9.81%$0.00
8.72%$0.426863
3.78%$1.67
15.82%$0.357555
4.65%$41.98
8.20%$97,293.00
5.48%$0.320132
9.82%$0.199772
6.51%$29.27
8.45%$4.50
8.03%$1.35
3.49%$0.67101
5.92%$0.00594231
2.12%$3.24
9.95%$0.03362803
4.97%$20.87
3.61%$0.00102019
9.05%
New York-based crypto-fund manager Grayscale today reported record Ethereum inflows in the past quarter—more than the total of all previous inflows for the cryptocurrency. The new data suggest that institutional investors have been scooping up Ethereum, despite a historically tumultuous market.
Grayscale’s investment products provide indirect exposure to cryptocurrencies. Its latest report shows that the asset manager enjoyed the largest quarterly influx of inflows across all its products since it launched in 2018. In total, it raised $503.7 million this quarter, half the total amount ($1.07 billion) for the last 12 month period.
Grayscale’s Bitcoin Trust accounts for the bulk of this amount, with an inflow of $388.9 million. But most impressive is the surge in popularity for the Ethereum Trust, which saw a record $110M in quarterly inflows. The trust’s combined inflows for the past two years amount to $95.8 million, as Spencer Noon, head of crypto investments at DTC Capital, pointed out in a tweet.
Institutional investors are buying $ETH
The cat is officially out of the bag
From the latest @GrayscaleInvest report:
Ethereum Trust saw $110M in Q1 inflows
This is more than all of its previous inflows combined for the past 2 years ($95.8M)
— Spencer Noon (@spencernoon) April 16, 2020
Grayscale’s success must be viewed in the context of a market rout which crypto assets did not escape. On March 12, Bitcoin had its worst day in history, when its price dropped from $7,900 to $4,600—over 40%.
Notably, inflows into Grayscale’s Ethereum Trust first began to outpace Bitcoin in the week that followed. It suggests that Bitcoin could be losing its sheen as a safe haven asset.
According to Grayscale, the figures show “strong and sustained evidence that investors are increasing their digital asset exposure.”
In a year of unprecedented economic upheaval, it’s a glimmer of hope that investment community interest is strong— particularly for Ethereum.
