Cryptocurrency managing the assets of the company Grayscale Investments, presented the investment report for the year 2018, according to which, despite a steady quarterly decline in investment in their products, ended the year with a record $395,5 million
BREAKING: We are excited to share our 2018 Digital Asset Investment Report!
2018 Highlights include:
• Total Capital Raised into Grayscale Products: $359.5 M
• Majority of investment (66%) came from institutional investors
Read the FULL report ➡ it’s amazing https://t.co/Kjv3tBdqrl pic.twitter.com/GGvTJ2eqLJ
— Grayscale (@GrayscaleInvest) February 14, 2019
As mentioned earlier ForkLog, for the first three quarters of 2018, the company raised from investors $329,5 million over the past three months, this amounted to $30.1 million
The amount claimed is approximately three times higher than in 2017 when the cryptocurrency market has been growing, and twice the cumulative figures for the preceding four years. According to the leadership Grayscale, this suggests that long-term investors remain optimistic in spite of market decline.
“It was the strongest calendar year since the beginning of the work”, — the report says.
At the same time, the total volume of assets under management Grayscale significantly decreased – this is due to the decline in prices of cryptocurrencies, which are placed in the funds of company’s clients.
The volume of assets under management Grayscale in the period from September 2013 to December 2018
The company insists that for investors who came into the industry several years ago, it is not something new. So, from December 2013 to January 2015, the bitcoin fell by 85%, then not only recovered to previous values in the neighborhood of $1150, but was released in December 2017 at a new historical height, reaching close to $20,000.
The graph below also shows that bitcoin continues to occupy a dominant position among all investment products offered Grayscale – for the year to Grayscale Bitcoin Investment Trust (GBTC) accounted for 67% of all investments.
Also interesting stats are given in relation to investors – 66% of funds came from institutional investors, approximately the same figures were for accredited investors and pension funds – 14% and 15%, respectively. Another 5% were in family offices. As can be seen in the chart below, the Foundation significantly increased presence in the 4th quarter of 2018, when they accounted for 40% of all investments.
We will remind, at the beginning of December 2018 Grayscale Bitcoin Investment Trust controlled more than 200 000 BTC, which at the time was about 1% of total emissions the first cryptocurrency.