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Grayscale Reports It Raised A Record $500M In First Quarter

Ramsey Baker

Summary: Grayscale, the crypto-focused investment firm, reported a record first quarter as institutional used market turbulence as an opportunity to increase their exposure to cryptocurrencies. The firm managed to earn a total of $503.7 million in Q1 2020, almost double the previous quarterly high of $254.8 million reached in Q3 2019. While bitcoin-weighted trusts remain the ...

Grayscale, the crypto-focused investment firm, reported a record first quarter as institutional used market turbulence as an opportunity to increase their exposure to cryptocurrencies.

The firm managed to earn a total of $503.7 million in Q1 2020, almost double the previous quarterly high of $254.8 million reached in Q3 2019. While bitcoin-weighted trusts remain the company's most popular option, the report siad that ether trusts also saw record inflows in the same quarter as investors added multiple Grayscale products to their portfolios.

By Ramsey Baker

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