Digital asset management company Grayscale Investments has reported on the results of the third quarter of 2020 - investments in Grayscale trusts amounted to a record $ 1.05 billion.
Company representatives noted that 81% of funds were invested in Grayscale products in Q3 2020 institutional clients. The Grayscale Bitcoin Trust remains the company's most popular trust, with $ 719.3 million invested in it during the reporting period. Interestingly, although Bitcoin trust remains the most popular, investments in Bitcoin Cash and Litecoin trusts, as well as in the Digital Large Cap fund, increased by 1,400% in the quarter.
In 2020, $ 2.4 billion was invested in Grayscale products - double what the company invested in trusts between 2013 and 2019. In total, as of September 30, Grayscale manages assets worth $ 5.9 billion. The company's portfolio includes 10 investment products. At the end of September, investments in the Grayscale Bitcoin Trust totaled $ 186 million in just a week. The company recently registered the Ethereum Trust (ETHE) with the US Securities and Exchange Commission (SEC).