Grayscale, the world’s leading digital asset management company, says a record-breaking $1.05 billion worth of investments flowed into its family of digital products in Q3 2020.
This is the firm’s third consecutive record-breaking quarter and surpasses Grayscale’s previous high of $906 million in Q2.
“Grayscale’s assets under management reached all-time highs during 3Q20, a broad reflection of investment interest in the digital currency asset class. YTD, Grayscale’s AUM increased from $2.0 billion to $5.9 billion, a rise of approximately 195%.”
In 2020, investments into Grayscale have doubled from the $1.2 billion that was invested between 2013 and 2019 to $2.4 billion.
Since its inception in September of 2013, cumulative inflow across Grayscale’s products now totals $3.6 billion. Specifically, investments into the firm’s flagship Grayscale Bitcoin Trust records the fastest growth, bringing inflows of $719.3 million between July and September, or an average of $55.3 million per week. The Trust has seen its AUM