Investment company Barry Silbert Grayscale Investments attracted in 2018 to offer the products to a record $330 million this is stated in the investment report for the 3rd quarter.
So, for the last three months investors have invested in products Grayscale $81.1 per million, which is 33% more than in the second quarter. Compared to last year during the same time period the inflow of funds has grown almost in 12 times.
Given the nearly $250 million, which was invested in the company’s products in the first half of the year, a total that gives $329,5 million.
For comparison, in the third quarter of 2017, the company raised $25 million in the same period of 2016 — $17 million
“Throughout the year bitcoin price shows a negative trend, but this did not prevent our customers to put in additional capital. The inflow of assets is really strong, despite a decline in market prices”, — said in an interview to CNBC, managing Director of Grayscale Investments Michael Sonnenschein.
He also noted that in the 3rd quarter of 2018 to institutional investors accounted for 70% of the investment, and for all 9 months of 2018 – 59%. Total under control of the new York company is $1.5 billion, making it one of the largest governing cryptocurrency assets in the world.
And yet the bearish sentiment in the market was not spared Grayscale side. So, with the exception of the company’s investment products on the basis of the BTC and XRP, net profit of 7 other funds in the 3rd quarter of 2018 decreased.
Bitcoin remains the most popular option among investors — the first cryptocurrency for the first three quarters 2018 account for 66% of all investments. In the third quarter, this figure rose to 73%.
Michael Sonnenstein also made it clear that by the end of the year the range of investment products, the company will be expanded, however, to discuss the details refused.
We will remind, earlier this week banking Corporation Morgan Stanley presented a report, according to which institutional investors have more confidence in bitcoin.
Subscribe to the news Forklog in Facebook!
Source
