Grayscale, a “trusted authority” on investments that focuses on providing “secure access” and “diversified exposure” to crypto assets, has released its Q3 digital asset investment report. The year-to-date (YTD) “highlights” of the report noted that the firm has raised $329.5 million so far – in order develop its products.
Notably, the majority of investments (59%) have come from institutional clients.
“New Investments” Remain “Strong”
Grayscale, which is a subsidiary of the Digital Currency Group (DCG), mentioned that “new investment” into its products continue to remain “strong.” The company raised $81.1 million during Q3 2018 – which brings its YTD investment inflow to almost $330 million.
Established in 2013, Grayscale revealed that its recent financial report “marks the strongest year-to-date inflows through September” that the firm has experienced “during any calendar year” – since the launch of its business.
Grayscale’s suite of products continue to attract more capital – with bitcoin (BTC) being the most preferred form of crypto investment. In Q3 2018, 73% of total investments made by Grayscale’s clients were in its Bitcoin Investment Trust. Meanwhile, 23% were “tied to other digital asset” investments offered by the firm.
The investment company also revealed:
Institutional investors remain engaged with Grayscale products … Institutional investors’ share of new investment increased to 70% in Q3, though the dollar-value invested was lower than in the two previous quarters.
“First Positive Quarterly Return”
Commenting on the recent trends in digital asset investments, the report questioned whether there would be “a potential reversal” as a Bitcoin Investment Trust and XRP Investment Trust “are bucking the trend on a possible reversal.” This may have helped generate the company’s “first positive quarterly return” for 2018.
Grayscale’s Q3 2018 “highlights” are as follows:
- “Total Investment into Grayscale Products in Q3 2018: $81.1 million”,
- “Average Weekly Investment – All Products: $6.2 million”,
- “Average Weekly Investment – Bitcoin Investment Trust: $4.5 million”,
- “Average Weekly Investment – “Non-Bitcoin” Investment Products: $1.7 million”,
- “Majority of investment (70%) has come from institutional investors.”
The company’s YTD key financial figures:
- “Total Investment into Grayscale Products in Q3 2018: $329.5 million (up 33% in Q3)”,
- “Average Weekly Investment – All Products: $8.4 million”,
- “Average Weekly Investment – Bitcoin Investment Trust: $5.5 million”,
- “Average Weekly Investment – “Non-Bitcoin” Investment Products5: $2.9 million”,
- “Majority of investment (59%) has come coming from institutional investors.”
