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Grayscale Secures Over $1 Billion in Q3 Cryptocurrency Investments

Grayscale Investments brought in more than $1 billion of new investment during the third quarter of this year.

1 min read
Grayscale's GBTC Bitcoin Fund. Image: Shutterstock

Digital currency asset manager Grayscale Investments today announced its Digital Asset Investment Report for Q3 of this year. The company revealed that it has raised $1.05 billion in its investment products.

In the lead is the Grayscale Bitcoin Trust (GBTC), with an inflow of just under $720 million in this quarter.

However, demand for other Grayscale products has grown, with a total of 31% of inflows accounted for in Q3 coming from products other than the Grayscale Bitcoin Trust. Among other products, the highest increases have been 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, to name a few. As Decrypt reported, Grayscale's Ethereum Trust recently became the second crypto-focused trust fund to become an SEC reporting company—after Grayscale's Bitcoin fund became the first.

In addition, year-to-date investment into the Grayscale family of products has surpassed $2.4 billion. This represents double the $1.2 billion of inflow into Grayscale's products between 2013-2019.

The majority of investment continues to come from institutional investors, accounting for over 80% of Q3 investment.

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