Grayscale Investments has announced the strongest quarter in its history. Investments into the company’s cryptocurrency products, including the flagship Grayscale Bitcoin Trust (GBTC), hit a record high in the first quarter. Of the total investment, 88% comes from institutional investors. The company now has $2.2 billion in assets under management.
Specifically, the total investment into Grayscale crypto products in Q1 2020 amounted to $503.7 million, compared to $1.07 billion for the trailing 12 months. At the end of March, the company’s total assets under management since inception (Sept. 25, 2013) totaled approximately $2.2 billion.