254 Million Shades of Grayscale: Bitcoin Inflows Up Dramatically

Grayscale is often seen as a bellwether for institutional interest in cryptocurrency as an asset class. The world’s largest crypto-focused fund’s quarterly reports are eagerly awaited signals of whether or not big money is entering the sector… or leaving it.

The fund has released its third quarter results from 2019, revealing quarter billion-dollar inflows into the fund. It marks the fund’s most successful quarter since its inception, and represents triple the inflows of Q2, up from $84.8 to $254.9 million.

Its third quarter inflows represent over a quarter of total inflows since the fund’s inception in September 2013.

That quarter-over-quarter tripling of inflows has come despite flattening asset prices. It brings inflows up to $382.3 million year-to-date, and twelve-month inflows of $412.3 million.

Grayscale enjoyed a 42 percent increase in inflows in Q1 2019 from Q4 2018, a doubling of inflows from Q1 2019 to Q2 2019. Quarter three marks a tripling since last quarter. All this comes after a very strong 2018. Read More...