Grayscale Crypto Trust Fund Reports Largest Quarterly Inflows in Q220

By Nivesh Rustgi
Published July 15, 2020 Updated July 15, 2020
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Grayscale LLC

Grayscale Crypto Trust Fund Reports Largest Quarterly Inflows in Q220

By Nivesh Rustgi
Published July 15, 2020 Updated July 15, 2020

Grayscale Investments LLC. reports yet another high in quarterly inflows with $905.8 million in 2Q20, totalling $1.4 billion since the beginning of the year.

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The Trust Fund indices which are only available to accredited and institutional investors also saw a significant increase of new investors. Reportedly, ‘new investors accounted for $124.1 million of inflows and 57% of the investor base.’ The institutional investors accounted for 84% of the investment. Moreover, 60% of the total inflow was from outside the U.S.

The Bitcoin Trust fund, $GBTC, accounted for nearly 83% of the inflows, followed by Ethereum at 15%.

grayscale asset undermanagement
Cumulative Asset Under Management of Grayscale

Moreover, the overall increase in the Trust Funds’ Bitcoin holdings in Q2 was greater than the number of Bitcoins mined. The cumulative AUM of Grayscale reached a new ATH in Q2 2020 over $2.6 billion.

As reported earlier on CoinGape, underneath it does not represent the transfer of newly mined Bitcoins, but also institutional investors taking advantage of the GBTC premium.

Nevertheless, the increase in the altcoin investment with the largest reported inflows in Ethereum [ETH, Bitcoin Cash [BCH] and Litecoin [LTC] seem to be net positive for the crypto industry. The complete report can be downloaded from their website here.

Do you think other competitors of Grayscale will under the market or we’re looking at an ETF approval? Please share your views with us. 

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Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
Nivesh Rustgi
1181 Articles
Nivesh from Engineering Background is a full-time Crypto Analyst at Coingape. He is an atheist who believes in love and cultural diversity. He believes that Cryptocurrency is a necessity to deter corruption. He holds small amounts of cryptocurrencies. Faith and fear are two sides of the same coin. Follow him on Twitter at @nivishoes or mail him at nivesh(at)coingape.com

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