Grayscale Sees Investments Totaling Over $900 Million In Q2 2020
Quick Take
- Grayscale raised $905.8 million in Q2, posting its best quarter yet.
- The Bitcoin Trust alone was responsible for $751.1 million in investments.
Grayscale, a leading digital asset fund provider, has had a great Q2, evident by its Q2 2020 investment figures. The company posted its best quarter yet, raising a record $905.8 million.
This past quarter’s nearly $1 billion in investment equates to an average weekly investment of an eye-watering $69.7 million. Moreover, Q2 2020 was a record quarter for Grayscale, smashing the previous record of $503.7 million in Q1 2020.
Furthermore, it is noted that 84% of the investment came from institutional investors, furthering the institutional narrative.
Grayscale Bitcoin Trust
According to the report, Grayscale’s Bitcoin Trust saw a record inflow of $751.1 million, accounting for the majority of the total funds raised in Q2. Grayscale’s Bitcoin Trust allows investors to gain exposure to Bitcoin while alleviating the risk of storing and managing the cryptocurrency securely.
The Bitcoin Trust is currently Grayscale’s largest trust with a current AUM of just over $3.5 billion. The trust has grown tremendously this year. On January 21, 2020, the Bitcoin Trust accounted for just over $2.3 billion in assets under management. With a growth of more than $1 billion this year, the Bitcoin Trust has seen incredible growth this year.
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