- The Grayscale Bitcoin Trust has seen a surge in Q1 2020.
- Grayscale’s Bitcoin trust is the most popular digital asset offered.
- Barry Silbert, CEO of Grayscale, hints at even better Q2.
Grayscale, one of the largest digital asset funds in the crypto space, has seen a surge in new investments this year. According to information compiled by Kevin Rooke, the Bitcoin Trust has seen over an 800% increase in average weekly investments.
Furthermore, Barry Silbert, CEO of Grayscale replied hinting at an ever better Q2. This comes as the fund itself is reaching new highs for total assets under management (AUM).
The surge in institutional investment comes as Bitcoin begins to receive greater mainstream attention due to the Bitcoin halving event and coronavirus.
Grayscale Bitcoin Trust
The Grayscale Bitcoin Trust is the largest Trust offered by Grayscale according to assets under management. Grayscale’s Bitcoin Trust offers investors the ability to invest in the digital asset without the hassle, of buying and securely storing Bitcoin. In return, Grayscale charges a slight premium per share. According to Grayscale, each share currently holds $8.76 of Bitcoin and is sold at $10.66.
The Bitcoin Trust accounts for approximately 89% of Grayscale’s total assets under management.
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