Grayscale Investment Q2 Report: Managed assets nearly doubled Q1, and total inflows of altcoin products increased significantly

Recently, digital currency asset management company Grayscale Investments released its investment report for the second quarter of 2019. Its managed assets surged to $2.7 billion in the second quarter, nearly two times the previous quarter ($962 million). In the second quarter, Grayscale Investments attracted nearly $85 million in funding, and more than three-quarters came from institutional investors. The report also pointed out that 84% of the capital inflows came from institutional investors, mainly from hedge funds. At the same time, the company's total assets are more than 20% lower than the peak of $3.5 billion at the end of 2017 in the previous round of bull markets. In addition, although bitcoin investment products still dominate, investors' investment in altcoin products is increasing. In the second quarter of this year, altcoin products (excluding the grayscale products of Bitcoin Trust) accounted for 24% of total inflows, a significant increase from 1% in the first quarter of 2019. In the second quarter, the funds flowing into the Grayscale Ethereum Trust reached $14 million, followed by the Ethereum Classic Trust ($5.5 million).