Grayscale's Crypto Products Raised Over $3B Last Quarter, the Most Ever
Grayscale's popular bitcoin trust once again led the pack with over $200 million in inflows every week.
Jan 14, 2021 at 4:29 p.m. UTCUpdated Aug 19, 2021 at 6:37 a.m. UTC
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Grayscale Investments raised $3.3 billion across its cryptocurrency investment vehicles in last year's fourth quarter, a record for the digital asset manager and further evidence of this rally's institutional base.
- Disclosed in Grayscale's latest investment report, the raise more than triples the company's previous best-ever mark set only one quarter prior, when investors piled on just over $1 billion. Grayscale is owned by CoinDesk's parent firm Digital Currency Group.
- The Grayscale Bitcoin Trust, long the company's most popular product, once again led the pack in Q4 with an average of $217 million raised every week. That massive inflow once again outpaced the rate of new bitcoin being mined.
- Grayscale said it now has $20 billion under management; it entered 2020 with just $2 billion.
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