$750 Million Worth of BTC is What Grayscale Bought in Q2 2020
The large digital asset management company announced today that it had received total investments in Q2 of over $900 million – $400 million more than its previous record. Due to the impressive results so far this year, “inflows into Grayscale products over a 6-month period crossed the $1billion threshold, demonstrating sustained demand for digital asset exposure despite a backdrop characterized by economic uncertainty.”.
While the Bitcoin and Ethereum Trusts “represent the bulk of investment,” the company also noted an increasing demand for other digital assets. Institutional investors purchased more shares in Grayscale Ethereum Classic Trust, the Grayscale Bitcoin Cash Trust, and the Grayscale Litecoin Trust.