Grayscale, the world’s leading digital asset management company, says a record-breaking $1.05 billion worth of investments flowed into its family of digital products in Q3 2020.
This is the firm’s third consecutive record-breaking quarter and surpasses Grayscale’s previous high of $906 million in Q2.
“Grayscale’s assets under management reached all-time highs during 3Q20, a broad reflection of investment interest in the digital currency asset class. YTD, Grayscale’s AUM increased from $2.0 billion to $5.9 billion, a rise of approximately 195%.”
In 2020, investments into Grayscale have doubled from the $1.2 billion that was invested between 2013 and 2019 to $2.4 billion.
Since its inception in September of 2013, cumulative inflow across Grayscale’s products now totals $3.6 billion. Specifically, investments into the firm’s flagship Grayscale Bitcoin Trust records the fastest growth, bringing inflows of $719.3 million between July and September, or an average of $55.3 million per week. The Trust has seen its AUM rise from $1.9 billion to $4.7 billion YTD.
Bitcoin continues to be the most attractive asset to investors and the fastest growing among Grayscale’s products, however, Grayscale says demand for alternative products records the most significant growth.
“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.”
