Grayscale Investments, the largest digital asset management firm in the world, has been showing exponential increases in investment to its cryptocurrency products. The total sum of assets under management grew by $1 billion in less than two weeks in July, as a Twitter update showed. Additionally, according to the latest documentation, the number of shares Grayscale issued between the first and second quarters of 2020 increased by 90%.
Considering that in its Q2 update, the firm revealed it had gathered around $900 million throughout the entire quarter, the interest in Grayscale’s products seems to be growing at an exponential rate. At the time, the firm held over $5.2 billion worth of cryptocurrency collectively, with Bitcoin leading at $4.4 billion. In total, the firm received $1.4 billion in the first half of 2020.
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