One of the largest investment companies in the Grayscale Investments reported on the results achieved for the 4th quarter of 2018.
According to the presented data, in the reporting quarter by leading investment product of the company, Grayscale Bitcoin Trust (GBTC), accounted for an average of $2 million investment in a week.
About 66% of all funds raised by the company from institutional investors. Moreover, 88% of all cryptocurrency investments Grayscale had on Bitcoin and other digital assets – 12%.
Overall, the year 2018 was the best in company history. At year-end Grayscale reached a record high of more than $359,5 million investment. This is almost 3 times more than there were in the bull market of digital assets in 2017, and almost 2 times more than the inflow for the preceding four years (2014-2017).
In companies, this situation is regarded as a clear indication that long-term investors remain optimistic despite falling prices.
The most attractive product for investors remains GBTC, but in Grayscale I think that in the future will also increase demand for other cryptocurrencies:
“Despite the slowdown of investments in our products in the fourth quarter, we continue to see evidence that digital assets remain its position as a new asset class. Moreover, we believe in a future where multiple digital assets survive, thrive and complement each other in the digital economy”.
With all the data of the report of the company for the fourth quarter can be found on here, and with the third quarter results here.
Recall that in March 2018 Grayscale Investments launched four new cryptocurrency investment Fund: Investment Trust Ethereum, Ripple Investment Trust, Bitcoin Investment Trust Cash Investment Trust and Litecoin.
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