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New Grayscale Report: Digital Assets Fund Adds $905M in Record Quarter

Published 07/15/2020, 02:02 PM
Updated 07/15/2020, 03:40 PM
New Grayscale Report: Digital Assets Fund Adds $905M in Record Quarter
BTC/USD
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Grayscale Investments has just released its quarterly report which shows that institutional demand for Bitcoin and other digital assets is still on the rise despite the lack of action from Bitcoin price (BTC). The report shows that Grayscale had yet another record quarter for its digital asset products with $905.8 million dollars invested over that time period.

The nearly $1 billion inflow means Grayscale almost doubled its previous high of $503.7 in the first quarter of 2020. Out of the total amount of funds accrued by Grayscale, Bitcoin continued to lead the pack with 82.92% or $751.1 million invested in Grayscale Bitcoin Trust (GBTC).

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