Grayscale Investments recorded its largest ever quarterly inflows, over $1.0 billion in Q3 2020

Grayscale Investments, which is owned by Digital Currency Group, the world’s largest digital currency asset manager, said in its financial report for Q3 2020 has raised $1.05 billion for investment products during the third quarter of 2020, the largest inflow of funds from investors a single quarter in Grayscale’s history.

In proportion to the amount of Bitcoin mined and the investment flow received by the Grayscale Bitcoin trust, the investment firm also sets another record in Q3. Grayscale claims that its product has absorbed 77% of the BTC produced in Q3 2020. As shown below in the chart below, this percentage has also nearly tripled since Q1.

While Bitcoin continues to be a major part of Grayscale investor allocations, the most notable uptick in growth comes from products that hold alternative assets. Products excluding Bitcoin accounted for 31% of inflows during 3Q20.

“Grayscale Bitcoin Trust experienced $719.3 million in 3Q20 inflows. The Trust has seen its assets under management (“AUM”) surge from $1.9 billion to $4.7 billion YTD.  Grayscale Bitcoin Trust does not operate a redemption program and its shares do not trade on a national securities exchange. The trust is therefore not an ETP or ETF. Still, if the Trust were compared to global ETPs and ETFs with over $1B AUM at the start of the year, it would rank as the third-fastest growing product YTD with an AUM increase of approximately 147%”, according to the reported.

Grayscale Investments had around $6.3 billion in assets under management across its 10 products as of Oct. 14.

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