Grayscale Crypto Funds Attracted Over $600 Million in 2019

Digital assets management services company Grayscale Investment raised more than $600 million from investors in 2019, according to a report released this Thursday.

In total, Grayscale managed to raise $607.7 million of investments, which exceeds the cumulative value for the period from 2013 to 2018 and gives an amount over the entire period of its existence of $1.17 billion.

In the fourth quarter, Grayscale raised $225.5 million. Of these, $193,8 million were invested in the Bitcoin Trust, which also marks the largest volume of injections since the creation of the tool.

The Grayscale investor base in 2019 increased by 24%. New investors accounted for $146.9 million in total investment. 36% of all Grayscale customers invest in more than one company product.

In addition, in 2019 there was again growth in the interest of institutional investors in the Grayscale proposal — their share, mainly hedge funds, accounted for 71% of the total investment compared to 66% in 2018.

Recall that in the report for the third quarter, Grayscale also noted new records in terms of investment.

Author: Marko Vidrih

Featured image credit: Pixabay