Grayscale Q3 Report: Investment inflows exceeded $250 million this quarter, a twofold increase from the previous quarter

Grayscale, the digital currency asset management company, announced yesterday that its "digital market capitalization fund" (DLC) share has been approved by the US Financial Supervisory Authority (FINRA) for public offering in the OTC market under the symbol GDLCF. This marks the introduction of the first publicly quoted securities whose value comes from a variety of digital currencies. Subsequently, Grayscale released its third quarter report for 2019 on official Twitter.

“Our “Gray Digital Asset Investment Report for the Third Quarter of 2019” highlights the investment activity and market performance of the entire grayscale product in the third quarter of this year. Spoiler Alert: This is a record quarter.”

Grayscale reported that although the price of the entire digital asset market has fallen recently, its investment inflows have tripled, "from $84.8 to $254.9 million." As part of the Digital Currency Group, grayscale investment products currently include open-quote Bitcoin Trust (OTCQX: GBTC), Ethereum Trust (OTCQX: ETHE), Ethereum Classic Trust (OTCQX: ETCG) and their FINRA-approved flagship Product Digital Large Market Capital Fund (DLC).

Untitled2-1 Source of data: grayscale investment

According to the above chart, the inflow of funds in the third quarter of 2019 accounted for nearly 27% of the total cumulative inflow of grayscale products since their creation. Grayscale has raised $254.9 million over the past three months, with an average weekly investment of $19.6 million.

“In addition, 67% of the funds in this quarter flowed into the Gray Bitcoin Trust (GBT), and 33% of the funds flowed into other products. The segmentation of funds has been more balanced in the past 12 months.”

Untitled3 Source of data: grayscale investment

Due to regulatory issues, Grayscale's portfolio is dominated by US and offshore institutional investors, with more than 50% of investors coming from offshore markets. Although the above data may not accurately describe the entire cryptocurrency market, Grayscale hopes to "provide a unique insight into digital asset investment activities that is different from what is commonly understood."

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Blockchain

The original market maker is not "Zhuang"? What is the significance of the coin safety ball recruitment market?

On September 30th, the company announced that it has launched the Global Markets Program and will recruit Market Make...

Blockchain

ChainNode Live Room | Derivatives track has become an industry consensus. Bitcoin will be up to $ 20,000 in the year?

Since the beginning of this year, the trading platform has frequently acted, causing one after another "destruct...

Blockchain

EN: Binance has requested "Binance Nigeria Limited" to cease operations.

CEO of Binance, CZ, announced on Twitter that Binance has issued a notice to the scam entity "Binance Nigeria Limited...

Blockchain

Latest updates on regulatory events: CZ releases internal memo, Gensler criticizes two exchanges again.

According to Gensler, his agency has obtained internal communications that allegedly indicate intentional illegal beh...

Blockchain

Bybit Airdrop Gifts are available for a limited time! Teach you how to receive 1632 USDT in 10 minutes!

Bybit, this is a professional derivatives exchange with nearly 70% overseas users, with a daily trading volume of mor...

Blockchain

The hacker is keeping a close eye on the currency exchange: 5 were killed and 8 were "Lai Lai"

Digital currency is becoming a fertile ground for hackers. The hot exchange is undoubtedly a huge "gold mine&quo...