{"id":30101,"date":"2020-10-14T17:11:45","date_gmt":"2020-10-14T14:11:45","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=30101"},"modified":"2025-08-27T20:33:31","modified_gmt":"2025-08-27T17:33:31","slug":"grayscales-cryptocurrency-funds-pull-in-a-record-1-05-billion-in-q3","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/grayscales-cryptocurrency-funds-pull-in-a-record-1-05-billion-in-q3\/","title":{"rendered":"Grayscale&#8217;s cryptocurrency funds pull in a record $1.05 billion in Q3"},"content":{"rendered":"<p>In the third quarter, inflows into Grayscale Investments&#8217; cryptocurrency funds reached a record $1.05 billion. This is according to the company&#8217;s latest <a href=\\\"https:\/\/grayscale.co\/insights\/grayscale-q3-2020-digital-asset-investment-report\/\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">report<\/a>.<\/p>\n<p>\\n<\/p>\n<p>In the previous quarter inflows were $905.8 million. Since the start of the year, cumulative inflows reached $2.4 billion, more than doubling the total for 2013-2019.<\/p>\n<p>\\n<\/p>\n<p>On average per week, new investments totaled $80.5 million, of which $55.3 million went to Grayscale Bitcoin Trust (GBTC) and $15.6 million to Grayscale Ethereum Trust. The share of the latter rose from 15% to 19.4%.<\/p>\n<p>\\n<\/p>\n<div id=\\\"attachment_113264\\\" style=\\\"width: 778px\\\" class=\\\"wp-caption alignnone\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" aria-describedby=\\\"caption-attachment-113264\\\" class=\\\"size-full wp-image-113264\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/photo_2020-10-14_17-08-48.jpg\\\" alt=\\\"In the third quarter, Grayscale cryptocurrency funds attracted a record $1.05 billion\\\" width=\\\"768\\\" height=\\\"469\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/photo_2020-10-14_17-08-48.jpg 768w, https:\/\/u1f987.com\/wp-content\/uploads\/photo_2020-10-14_17-08-48-300x183.jpg 300w\\\" sizes=\\\"auto, (max-width: 768px) 100vw, 768px\\\" \/><\/p>\n<p id=\\\"caption-attachment-113264\\\" class=\\\"wp-caption-text\\\">Source: Grayscale Investments.<\/p>\n<\/div>\n<p>\\n<\/p>\n<p>GBTC growth for the quarter was proportional to 77% of Bitcoin&#8217;s issuance during that period.<\/p>\n<p>\\n<\/p>\n<div id=\\\"attachment_113265\\\" style=\\\"width: 790px\\\" class=\\\"wp-caption alignnone\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" aria-describedby=\\\"caption-attachment-113265\\\" class=\\\"wp-image-113265 size-full\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/photo_2020-10-14_17-08-53.jpg\\\" alt=\\\"In the third quarter, Grayscale cryptocurrency funds attracted a record $1.05 billion\\\" width=\\\"780\\\" height=\\\"383\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/photo_2020-10-14_17-08-53.jpg 780w, https:\/\/u1f987.com\/wp-content\/uploads\/photo_2020-10-14_17-08-53-300x147.jpg 300w, https:\/\/u1f987.com\/wp-content\/uploads\/photo_2020-10-14_17-08-53-768x377.jpg 768w\\\" sizes=\\\"auto, (max-width: 780px) 100vw, 780px\\\" \/><\/p>\n<p id=\\\"caption-attachment-113265\\\" class=\\\"wp-caption-text\\\">Source: Grayscale Investments.<\/p>\n<\/div>\n<p>\\n<\/p>\n<p>Altcoin-based products attracted 31% of all investments. By the end of the quarter, the volume raised for trusts tied to Bitcoin Cash (BCH), Litecoin (LTC), and the Digital Large Cap fund rose thirteenfold.<\/p>\n<p>\\n<\/p>\n<p>According to the latest data, total assets under management at Grayscale Investments stand at $6.3 billion.<\/p>\n<p>\\n<\/p>\n<blockquote class=\\\"twitter-tweet\\\"><p>\\n<\/p>\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">10\/13\/20 UPDATE: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products.<\/p>\n<p>\\n<\/p>\n<p>Total AUM: $6.3 billion<a href=\\\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$BTC<\/a> <a href=\\\"https:\/\/twitter.com\/search?q=%24BCH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$BCH<\/a> <a href=\\\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$ETH<\/a> <a href=\\\"https:\/\/twitter.com\/search?q=%24ETC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$ETC<\/a> <a href=\\\"https:\/\/twitter.com\/search?q=%24ZEN&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$ZEN<\/a> <a href=\\\"https:\/\/twitter.com\/search?q=%24LTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$LTC<\/a> <a href=\\\"https:\/\/twitter.com\/search?q=%24XLM&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$XLM<\/a> <a href=\\\"https:\/\/twitter.com\/search?q=%24XRP&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$XRP<\/a> <a href=\\\"https:\/\/twitter.com\/search?q=%24ZEC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$ZEC<\/a> <a href=\\\"https:\/\/t.co\/qwqOFHAnpl\\\">pic.twitter.com\/qwqOFHAnpl<\/a><\/p>\n<p>\\n<\/p>\n<p>\u2014 Grayscale (@Grayscale) <a href=\\\"https:\/\/twitter.com\/Grayscale\/status\/1316116753739657218?ref_src=twsrc%5Etfw\\\">October 13, 2020<\/a><\/p>\n<\/blockquote>\n<p>\\n<\/p>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>\\n<\/p>\n<p>As of the end of September, GBTC <a href=\"https:\/\/u1f987.com\/en\/news\/grayscale-bitcoin-trust-grows-to-450000-btc-about-2-4-of-current-issuance\">held<\/a> 449,900 BTC, representing 2.4% of the active supply at that time.<\/p>\n<p>\\n<\/p>\n<p>Subscribe to ForkLog&#8217;s channel on <a href=\\\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">YouTube<\/a>!<\/p>\n<p>&#8220;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the third quarter, inflows into Grayscale Investments&#8217; cryptocurrency funds amounted to a record $1.05 billion. This is according to the company&#8217;s latest report.<\/p>\n","protected":false},"author":1,"featured_media":30102,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[943],"class_list":["post-30101","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-grayscale-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30101","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=30101"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30101\/revisions"}],"predecessor-version":[{"id":30103,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30101\/revisions\/30103"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/30102"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=30101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=30101"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=30101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}