• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Sensei Inu Logo Sensei Inu Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Best crypto casino
Breaking News: Breaking: Bitcoin Repayment Plan Gets New Deadline From Mt. Gox Trustee
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Best crypto casino
Bitcoinist.com
No Result
View All Result
Breaking News: Breaking: Bitcoin Repayment Plan Gets New Deadline From Mt. Gox Trustee
Meet the Platforms Making Cryptocurrency Investments Safer

Grayscale Shows Strongest Demand For Crypto Products Since Inception

Martin Young by Martin Young
4 years ago
in News, Bitcoin, Companies, News teaser
0

Bitcoin and crypto markets may be down from their highs this year and still looking bearish, but longer term crypto investment products are still going strong as Grayscale can testify. The cryptocurrency investment firm has just posted its Q3 report and all is looking rosy.


Quarter Billion Inflows For Crypto Investments

Anyone that says institutions are not interested in crypto is barking up the wrong digital tree. Grayscale Investments’ Q3 report proves otherwise as over a quarter of a billion dollars has been injected into digital asset investment products. This works out at over ten percent of the entire crypto market capitalization.

The report highlighted that inflows have tripled quarter-over-quarter, from $84.8 to $254.9 million, despite recent declines in digital asset market prices. This marks the strongest demand for Grayscale products since firm inception. The average weekly investment for all crypto products was $19.6 million and 84% of that came from institutional investors dominated by hedge funds.

In 2019 the total investment into Grayscale crypto products has been $382.3 million, with a similar percentage coming from institutions. The third quarter has clearly seen the lion’s share of that capital inflow.

Bitcoin Trust Dominating

While bitcoin’s market share may have slipped, Grayscale’s BTC Trust certainly hasn’t. The bitcoin investment product took $171.7 million in the third quarter with the report adding;

In 3Q19, we saw the heaviest quarterly inflows to Grayscale Bitcoin Trust in the product’s six-year history, including nearly $75 million in a single day.

July inflows were also at a monthly high and December 2017 was also bullish. Both months saw BTC rise to peak price levels.

The firm’s Ethereum and Ethereum Classic trusts have been no slouches either with over $100 million flowing into the products so far this year. Grayscale’s ETH trust has taken over $77 million this year with inflows every week of the third quarter.

The firm also has trusts for a handful of other altcoins such as Litecoin and XRP, but these have under-performed along with the assets themselves. The main focus of investment has been bitcoin and Ethereum which continue to attract institutional interest despite another market downturn.

Day traders and short term profit seekers are driving daily market action and they are generally in sell mode at the moment. Those looking at longer term gains and growth in the industry in general are clearly institutional types who desire a decent slice of crypto in their portfolios.

Bitcoin and crypto markets are likely to dump further as those day traders start to panic, but a lot is now locked up in longer term investments so the outlook for the future is still bullish.

Will institutional investments turn markets around? Add your comments below.


Images via Shutterstock

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Martin Young

Martin Young

Martin has been writing on technology for 15 years, he has a keen eye for emerging cryptocurrency news, blockchain developments, and market sentiment.

Related Posts

BitBoy

Crypto Influencer ‘BitBoy’ Arrested Live On YouTube – Here’s What Happened

1 day ago
Bitcoin

Could Bitcoin Be On The Verge Of New ATH Rally? Analyst Identifies These Conditions

1 day ago
Bitcoin

Bitcoin Miners On The Defensive: Market Uncertainty Spurs Revenue Diversification – Analyst

2 days ago
Bitcoin

Bitcoin Roadblock Unveiled: Analyst Identifies Barrier Faced By The Top Crypto

2 days ago
Bitcoin ESG

Bitcoin Is The Ultimate ESG Asset, Expert Validates

3 days ago
Upbit

Upbit’s Dark Hour: Fake APT Tokens Wreak Havoc In South Korea

3 days ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Play Finance

Top Casinos

Trust Dice
Trust Dice
Punt Casino
Punt Casino
mBit
mBit

Press Releases

  • Ripple (XRP) And Solana (SOL) Making an Attempt to Break...

    8 hours ago
  • 3 Penny Cryptos That Could Reach $5: $QUBE, $XLM, and...

    12 hours ago
  • Bitcoin Spark Breathes New Life Into Crypto As Litecoin...

    12 hours ago
  • Mercante Technologies to Launch AI-Powered Customer Support...

    14 hours ago
  • While Litecoin (LTC) and Aave (AAVE) try to break key...

    1 day ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Best crypto casino

© 2023 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.