In the first half of the year, Grayscale Investments invested almost $ 1.4 billion
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.
International consortium of news organizations developing transparency standards.
Investments in Grayscale Investments exceeded $ 900 million in Q2, a new record.
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%.
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..
All information contained on our website is published in good faith and objectivity, and for informational purposes only. The reader is solely responsible for any actions he takes based on the information received on our website..
Grayscale Ethereum became the first cryptocurrency trust to be registered with the SEC. CONTENTS Grayscale became the first investment company with two…
Binance Selected First Six Blockchain Projects Under $ 100 Million Grant CONTENTS The exchange has allocated $ 350K for the development of the first six projects So…
Grayscale’s assets exceed $ 5.5 billion CONTENT The investment company Grayscale now has over $ 5.5 billion…
The court announced the date of the first court hearings between the SEC and Ripple CONTENTS The date of the first court hearings has become known The trial will be held in the format…
Revolut is one step away from being the first fintech startup in the United States with a banking license CONTENTS Fintech startup plans to apply to California…