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BY CNA Team - November 2, 2018

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Q3 investment flows scales up at Grayscale

Grayscale sees US$81.1mil in investment flows for Q3
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Grayscale Investments, a crypto asset management firm, raised US$81.1mil in the third quarter ended Sept 30 despite market volatility.

The company, part of New York-based Digital Currency Group, which also owns CoinDesk, a crypto news site, says despite the slight deceleration in the quarter under review, new investments remains strong.

For the nine months of the year, the inflows have reached nearly US$330mil, marking the strongest year-to-date inflows through September that the company has experienced since being established in 2013.

It says capital inflows continue across the company’s entire family of produces but bitcoin “is still king”.

For the third quarter, 73% of inflows were into the Bitcoin Investment Trust, while 27% were into other digital assets.

“Institutional investors’ share of new investment increased to 70% in the third quarter, though the dollar-value invested was lower than in the two previous quarters,” it noted.

It says the Bitcoin Investment Trust and XRP Investment Trust are bucking the trend on a possible reversal, generating the first positive quarterly returns for Grayscale products in 2018.

Image courtesy of Grayscale website.

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