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Breaking: Crypto Asset Manager Grayscale Reports More Than $1 Bln of Inflows in Q3

source-logo  u.today  + 11 more 15 October 2020 13:30, UTC

According to its Q3 report dated Oct. 14, cryptocurrency asset management firm Grayscale had the largest quarterly inflows in history in the third quarter of 2020.          

Its family of crypto funds has added a whopping $1.05 bln of investments, shattering the Q2 record of $905.8 mln. 

Notably, offshore investors were responsible for 57 percent of the sum. Around 80 percent of all capital was brought in by institutions.  

Grayscale Litecoin Trust showed the best performance in Q3, with a 1,800 percent increase in inflows on the quarter-over-quarter basis. It is followed by Grayscale Bitcoin Cash Trust with 1,500 percent.


Meanwhile, it continued to absorb Bitcoin's supply at a faster clip. The company's Bitcoin trust attracted 77 percent of all Bitcoin mined in Q3 ($719.3 mln), a seven percent uptick compared to Q2.  Grayscale

Grayscale states that the cumulative year-to-date inflows into its suite of products has now totaled $2.4 bln. 

u.today

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