Grayscale Releases First-Ever Digital Asset Investment Report
Comprehensive report highlights investment activity into Grayscale's family of single-asset and diversified products during first half of 2018
Grayscale raised nearly $250 million across its products, surpassing any six-month period in Grayscale's history
Despite price reduction across all digital currencies during 2018, institutional investors accounted for 56% of all new capital raised
Jul 18, 2018, 08:00 ET
NEW YORK, July 18, 2018 /PRNewswire/ -- Grayscale Investments, LLC, a global leader in digital currency asset management, today released the inaugural Grayscale Digital Asset Investment Report, a first-of-its-kind report that highlights industry trends and analyzes investment activity across the Grayscale family of products during the first half of 2018. Grayscale raised $248.4 million into its single-asset and diversified investment products, marking the strongest fundraising over any six-month period since Grayscale launched its first product, Bitcoin Investment Trust™ (OTCQX: GBTC), in September 2013.
Notably, institutional investors accounted for 56% of all new investment dollars into Grayscale products, a pronounced increase in allocations to the asset class despite a broad-based price reduction across digital currencies during 2018.
Bitcoin continues to be the most popular digital currency for Grayscale investors, with 63% of capital raised into Bitcoin Investment Trust™ and 37% into Grayscale products tied to other digital currencies.
To read the entire Grayscale Digital Asset Investment Report, click here.
Grayscale sponsors seven single-asset investment products that provide exposure to Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), Ripple (XRP), and Zcash (ZEC). This year Grayscale introduced its first diversified investment product, Digital Large Cap Fund™, which provides exposure to the top digital currencies by market cap. Grayscale's second product, Ethereum Classic Investment Trust™ (OTCQX: ETCG), began its public quotation in May 2018.
Grayscale is a wholly-owned subsidiary of Digital Currency Group, which builds and invests in more than 130 bitcoin and blockchain companies in more than 30 countries around the world.
About Grayscale Investments, LLC
Established in 2013 by Digital Currency Group, Grayscale Investments, LLC is a trusted authority on digital currency investing. Grayscale provides secure access to the digital currency asset class through its single-asset and diversified investment products, including Bitcoin Investment Trust™ (OTCQX: GBTC) and Digital Large Cap Fund™. For more information on Grayscale, please visit www.grayscale.co.
SOURCE Grayscale Investments, LLC
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