17th Apr 2020 - 9:33am
Grayscale reports record inflows to cryptocurrency funds in Q1 on the back of strong hedge fund allocations
Submitted
17/04/2020 - 9:33am
Global digital currency asset manager Grayscale reported a record-setting USD503.7 million in inflows to its digital currency funds in Q1 2020, despite the economic shock of the coronavirus pandemic. This is nearly double the previous quarterly high of USD254.8 million set in Q3 2019. Over the last quarter, institutional investors represented 88 per cent of all inflows, the majority of which were from hedge funds.