Leading Digital Currency Asset Manager Saw 42% Increase in Quarter-Over-Quarter Inflows, Positive Quarterly Performance for Majority of Products
New York, May 13, 2019 (GLOBE NEWSWIRE) -- Grayscale Investments, LLC, a global leader in digital currency asset management, today released its 2019 Q1 Grayscale Digital Asset Investment Report, a comprehensive report that highlights investment activity and performance across the Grayscale family of products during the first three months of the year.
During the first quarter of 2019, Grayscale raised $42.7 million into its single-asset and diversified investment products, marking a 42% increase in quarter-over-quarter product inflows, with 73% of capital raised coming from institutional investors.
In conjunction with performance of the broader digital asset market, Q1 2019 marked the first positive quarterly performance for six of the ten Grayscale investment vehicles, including Grayscale Bitcoin Trust and Grayscale Digital Large Cap Fund, since the end of 2017.*
To read the entire Grayscale Digital Asset Investment Report, click here.
Grayscale's investment products are available to institutional and accredited individual investors through their respective 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). Grayscale’s diversified investment vehicle, Grayscale Digital Large Cap Fund™, provides exposure to the top digital currencies by market capitalization.
Additionally, Grayscale Bitcoin Trust™ (GBTC) and Grayscale Ethereum Classic Trust™ (ETCG) are publicly-quoted and available to all individual and institutional investors on the OTCQX® Best Market. As of May 1, 2019, the firm managed approximately $1.3 billion in assets under management.
Grayscale is a wholly-owned subsidiary of Digital Currency Group, which builds, buys, and invests in more than 140 bitcoin and blockchain companies around the world.
*Net of fees.
**The Grayscale Bitcoin Trust private placement is offered on a periodic basis throughout the year and is currently closed. Freely tradable shares of Grayscale Bitcoin Trust are publicly available under symbol GBTC.
About Grayscale Investments, LLC Grayscale Investments is the world’s largest digital currency asset manager. With a proven track record and unrivaled experience, we give investors the tools to make informed investing decisions in a burgeoning asset class. As part of Digital Currency Group, Grayscale accesses the world’s biggest network of industry intelligence to build better investment products. We have removed the barrier to entry so that institutions and individual investors can benefit from exposure to digital currencies. Now, forward-thinking investors can embrace a digital future with an institutional grade investment. Grayscale is headquartered in New York City. For more information on Grayscale, please visit www.grayscale.co or follow us on Twitter, @GrayscaleInvest.