NEW YORK, Feb. 14, 2019 /PRNewswire/ -- Grayscale Investments, LLC, a global leader in digital currency asset management, today released its 2018
Grayscale Digital Asset Investment Report, a comprehensive report that highlights investment activity
across the Grayscale family of products in 2018. Grayscale raised $359.5 million into its
single-asset and diversified investment products, marking the strongest fundraising year in Grayscale's history and nearly three
times more capital than was raised in 2017.
Bitcoin continued to be the most dominant digital currency for Grayscale investors. In the fourth quarter, 88% of all capital
inflows went into Grayscale Bitcoin Trust™ (OTCQX: GBTC). Throughout 2018, Bitcoin accounted for $242 million of the capital
raised from Grayscale investors.
Notably, institutional investors accounted for 66% of all new investment dollars in 2018, despite the broad-based price
reduction across digital currencies.
To read the entire Grayscale Digital Asset Investment Report, click here.
Grayscale sponsors nine single-asset investment products that provide exposure to Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum
(ETH), Ethereum Classic (ETC), Horizen (ZEN), Litecoin (LTC), XRP, Stellar Lumens (XLM), and Zcash (ZEC). In 2018, Grayscale
introduced its first diversified investment product, Digital Large Cap Fund™, which provides exposure to the top digital
currencies by market cap.
Grayscale's investment products are available to institutional and accredited individual investors. Grayscale Bitcoin Trust™
(OTCQX: GBTC) and Grayscale Ethereum Classic Trust™ (OTCQX: ETCG) are also publicly quoted and available to all individual and institutional investors on the
OTCQX® Best Market. As of December 31, 2018, the firm managed approximately $825 million in assets.
Grayscale is a wholly-owned subsidiary of Digital Currency Group, which builds, buys, and invests in more than 140 bitcoin and blockchain
companies around the world.
About Grayscale Investments, LLC
Grayscale is the world's largest digital currency asset manager, with a proven track record and unrivaled experience. We give
investors the tools to make informed investing decisions in a burgeoning asset class. As part of Digital Currency Group,
Grayscale accesses the world's biggest network of digital currency intelligence to build better investment products. We have
removed the barrier to entry so that institutions and investors can benefit from exposure to digital currencies. Now,
forward-thinking investors can embrace a digital future within an institutional grade investment.
Grayscale Investments, LLC is headquartered in New York City. For more information on Grayscale, please
visit www.grayscale.co or follow us on Twitter, @GrayscaleInvest.
View original content:http://www.prnewswire.com/news-releases/grayscale-releases-2018-digital-asset-investment-report-300795874.html
SOURCE Grayscale Investments, LLC