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New York, October 14, 2020 (GLOBE NEWSWIRE) – Grayscale Investments®, the world’s largest digital currency asset manager, today released its 3Q20 Grayscale Digital Asset Investment Report, a comprehensive report highlighting investment activity in the family of Grayscale products.
During the third quarter of 2020, Grayscale raised $ 1.05 billion in its investment products, marking the largest single-quarter capital inflow in the company’s history. The year-to-date investment in the Grayscale product family has exceeded $ 2.4 billion, more than double the cumulative inflow of $ 1.2 billion in products from 2013 to 2019.
Grayscale® Bitcoin Trust continued to drive investment demand, with inflows of $ 719.3 million in 3Q20. The Trust’s AUM has grown 147% year to date, making it one of the fastest growing investment products.
Demand for other grayscale products also grew significantly in the third quarter, with investments in products excluding Grayscale Bitcoin Trust accounting for 31% of inflows during 3Q20. Among the alternative products, the most notable increase in appetite emerged for Grayscale® Bitcoin Cash Trust, Grayscale® Litecoin Trust and Grayscale® Digital Large Cap Fund. On average, these products have seen an increase in inflows of over 1,400% on a quarterly basis.
The majority of investments continued to come from institutional investors, accounting for 81% of investments in 3Q20. Furthermore, investors continue to expand their exposure to digital assets, with 57% of investments coming from multi-product investors in 3Q20.
To read the full 3Q20 Grayscale Digital Asset Investments Report, please visit: https://gryscl.co/33RIRkr.
Grayscale’s investment products are available to accredited institutional and individual investors through their respective periodic and ongoing private placements. Grayscale’s single-asset investment products provide exposure to Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Horizen (ZEN), Litecoin (LTC), Stellar Lumens (XLM), XRP and Zcash (ZEC). Additionally, Grayscale’s diversified investment product, Grayscale Digital Large Cap Fund, offers exposure to major digital currencies based on market capitalization. As of September 30, 2020, Grayscale had approximately $ 5.9 billion in assets under management in its 10-product family.
Additionally, there are secondary markets for six of Grayscale’s products such as Grayscale Bitcoin Trust (OTCQX: GBTC), Grayscale Bitcoin Cash Trust (OTCQX: BCHG), Grayscale® Ethereum Trust (OTCQX: ETHE), Grayscale® Ethereum Classic Trust (OTCQX: ETCG ), Grayscale Litecoin Trust (OTCM: LTCN) and Grayscale Digital Large Cap Fund (OTCQX: GDLC) are publicly listed and available to all individual and institutional investors on OTCQX® Best Market and other OTC markets. *
* Each product offers a private placement to accredited investors. The investment objective of each Product is that its Shares (based on digital assets per Share) reflect the value of the digital assets held by that Product, less the expenses and other liabilities of that Product.
As each Product does not currently operate a redemption program, there can be no assurance that the value of the Shares of that Product will reflect the value of the assets held by that Product, less the expenses and other liabilities of that Product, and the Shares of that Product. Product, when traded on any secondary market, may trade at a substantial premium or a substantial discount on the value of the assets held by that Product, less the expenses and other liabilities of such Product, and such Product may not be able to meet its investment objective.
This press release is not an offer to sell or the solicitation of an offer to purchase securities in any jurisdiction where such an offer or solicitation would be illegal, nor will there be any sale of any securities in any jurisdiction in which such offering, soliciting or selling would be illegal prior to registration or qualification under the securities laws of that jurisdiction.
About Grayscale Investments®
Grayscale Investments is the largest digital currency asset manager in the world, with over $ 5.9 billion in assets under management as of September 30, 2020. Through its family of 10 investment products, Grayscale provides access and exposure to the asset class in digital currency in the form of traditional security without the challenges of buying, storing and directly custody of digital currencies. With a proven track record and unmatched experience, Grayscale’s products operate within existing regulatory frameworks, creating safe and compliant exposure for investors. For more information, visit www.grayscale.co and follow @Grayscale.
Press Contact [email protected]
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