The size of the crypto assets increased from 926 million to 2.7 billion, and the rate of return exceeded 100%. The grayscale report indicates that the funds are in large quantities.

In its second quarterly report, Grayscale Investments said its managed cryptocurrency assets (AUM) tripled from $926 million to $2.7 billion. Grayscale products such as Grayscale Bitcoin Trust and Grayscale Digital Large Cap Fund reported returns of 178.8% and 147.6%, respectively.

Grayscale1

The company pointed out that due to the "inventory loan" (stock exchange) idea, since the second quarter of 2018, the fund's capital inflow has increased significantly, so the quarterly results are strong. The capital inflows reported in the second quarter of 2018 were $42.7 million, almost doubled in the second quarter of 2019 to $84.8 million. The company attributed this significant growth to new investments, “although the gray bitcoin trust funds temporarily closed new investments during May and June.” During this period, bitcoin prices increased while grayscale The Bitcoin Trust Fund is in jeopardy. GS2

The report emphasizes that more than 70% of capital inflows are related to the “in-funded loan” contribution of digital assets to grayscale products. The gray-scale “ex-bitcoin trust” (ex Bitcoin Trust) had a capital inflow of only 1% in the first quarter, while the capital inflow for the quarter was 24%. The gray bitcoin trust fund has a capital inflow of 76%; as for the competitive currency products, such as the Grayscale Ethereum Trust and the Grayscale Ethereum Classic Trust, they point to a strong quarter. The Ethereum Trust has a capital inflow of $14 million, while the Ethereum Classic Trust has a capital inflow of $5.5 million.

The interest and investment of institutional investors seems to be growing steadily, the highest proportion of total demand for the company's products since 2018 (84%). For the Grayscale family of 10 products, this quarter received an investment of 84.8 million US dollars, good performance, Grayscale Bitcoin Trust and Grayscale Digital Large Cap Fund (178.8% and respectively) 147.6% of the results lead.

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

Market

Banks on the Brink: Robert Kiyosaki Warns Investors to Prepare

Bitcoin has gained significant recognition with an endorsement from Robert Kiyosaki, renowned author of the bestselli...

Web3

Ras Al Khaimah Unveils RAK DAO: Where Digital Assets Rule

Ras Al Khaimah has announced a new effort to expand its economy through the introduction of the RAK Digital Assets Oa...

Blockchain

Coinbase Caught in a Regulatory Tangle: Will They Sink or Swim?

Coinbase has recently warned some users that the CFTC subpoenaed them for information about Bybit.

Blockchain

Crypto Showdown: SEC vs Ripple - The Battle of the Tokens

The cryptocurrency community is abuzz with anticipation for a potential settlement in the Ripple case, as the SEC pre...

Market

El Salvador’s Bitcoin Wallet Flooded with “Rare Sats” and More!

The El Salvador Bitcoin cold wallet has experienced an influx of diverse ordinals, including Satoshis, Cats, and Sats...

Market

Velar is set to release the world's first PerpDEX on Bitcoin, backed by a $3.5M seed fund.

Exciting news as Vellar, a promising PerpDEX platform built on Stacks, secures a $3.5 million seed investment to deve...