Grayscale Investments, founded by the Digital Currency Group and a global leader in digital asset management, published a “Digital Asset Investment Report” in which the company states that product inflows from Grayscale Investments grew by 42 percent over Q4 2018.
Furthermore, and even more interesting, the company revealed that its Bitcoin Investment Trust (BIT) saw the vast majority of investments in the first quarter, as the trust secured an average weekly investment of $3.2 million.
The Bitcoin news is surprising, because the firm’s total weekly investment count consists of $3.3 million. This means non-bitcoin investment products drove less than $1 million in average weekly investments in the first quarter. The difference shows how big the interest in Bitcoin currently is compared to other digital assets.
The Greyscale Trust currently holds nine single asset products. The products are Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Horizen (ZEN), Litecoin (LTC), XRP (XRP, Stellar Lumens (XLM), and Zcash (ZEC).
Last but not least, the report also categorized Grayscale’s investors, indicating that 73 percent of them were representatives of financial institutions, much more than 56 percent that was reported in the first half of 2018.
