In the first half of the year at Grayscale ...

In the first half of the year, Grayscale Investments invested almost $ 1.4 billion
CONTENT

  • Grayscale Investments’ Crypto Trusts Exceeded $ 900M in Q2, a New Record.

  • Grayscale investments hit new high in Q2.

  • According to the report, 85% of the money came from institutional investors.

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Investments in Grayscale Investments exceeded $ 900 million in Q2, a new record.

In the first half of the year at Grayscale ...

Digital asset manager Grayscale Investments released data on the inflow of investments in cryptocurrency funds for the second quarter today. The indicator reached a record value and exceeded $ 900 million.

In the first half of the year, inflows to all cryptocurrency trusts reached $ 1.4 billion, with the lion’s share of funds still concentrated in bitcoins, according to the second quarter report. Moreover, 85% of the funds came from institutional investors.

Altcoins are on the rise

Despite the fact that the first cryptocurrency is still in the lead, Grayscale notes that altcoins are gradually starting to draw attention to themselves. In the second quarter, the inflow of investments into the Grayscale Ethereum Trust amounted to $ 135.2 million and updated its all-time high. The inflow of investments in Litecoin Trust and Bitcoin Cash Trust also reached record values ​​in the reporting period. Over the past 12 months, aggregate capital inflows to altcoin trusts have grown by almost 650%.

In the first half of the year at Grayscale ...

We buy bitcoin

Grayscale confirmed that the volume of purchased bitcoins since the May halving has exceeded the number of new coins mined during the same period. According to fund experts, this fact in itself leads to increased pressure on the supply side and serves as a potential bullish factor for Bitcoin..

However, Grayscale warns that the comparison of the volume of investments with the amount of mined bitcoins is purely illustrative..

Not so simple

Messari analysts report provides more details. It shows that many purchases were made “in kind”, that is, shares in the fund were acquired together with bitcoin. As a result, growing trust volumes cannot be directly equated with direct coin purchases. This partly explains the stagnation of bitcoin amid growing interest in the fund..

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