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Grayscale Investment Clocked In A Record-breaking 2019, With $2Bln AUM In Possession

| 19-Th1-2020

Crypto assets managing firm Grayscale Investments has reportedly clocked in an outstanding 2019 business year, crossing the $1 billion threshold in investment, and now has over $2 billion in AUM in possession. 

In the report published by the firm, Grayscale has disclosed a record-breaking last quarter of 2019, with $225.5 million secured for its investment products, generating an upsurge of $607.7 million, after netting over $225 million in 2 consecutive quarters, potentially showing signs of a bigger market trend. 

Grayscale also revealed that Institutional investors have contributed to 71% of last year’s inflow. 

“We saw record-breaking investment into Grayscale’s family of products, illustrating continued demand from investors for digital currency access products and with a majority of investment coming from institutions, it’s clear that we’re experiencing institutional adoption.” Managing director Michael Sonnenshein remarked regarding the report. 

The currently active customers accounted for 75% of capital secured. 36% of Grayscale clients employed numerous of the 10 offered products in their operations. The firm’s customer based also inclined significantly, by 24%. 

Grayscale Bitcoin Trust has been leading last year’s investment demand for $471.7 – $193.8 million of the sum was raised in the final quarter, one more record-breaking milestone achieved by the firm.

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