New York-based Grayscale, which allows accredited investors to buy bitcoin and other major cryptocurrencies through its funds, saw $1.07 billion invested over the last 12 months – with $503 millon coming in the first three months of this year. Grayscale Bitcoin Trust and Grayscale Ethereum Trust both experienced record quarterly inflows of $388.9 million and $110.0 million, respectively.
Cumulative investment across the Grayscale family of products since inception has reached $1.68 billion.
“For the first time, inflows into Grayscale products over a 12-month period crossed the $1 billion threshold, showing strong and sustained evidence that investors are increasing their digital asset exposure at current levels,” says official report. “Many of our investors view digital assets as a medium to long-term investment opportunity and a core component of their investment portfolios.”
Crypto media Decrypt has noticed that Grayscale’s success must be viewed in the context of a market rout which crypto assets did not escape. On March 12, bitcoin had its worst day in history, when its price dropped from $7,900 to $4,600 — over 40%.