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Grayscale's Crypto Products Raised Over $3B Last Quarter, the Most Ever

Grayscale's popular bitcoin trust once again led the pack with over $200 million in inflows every week.

Jan 14, 2021 at 4:29 p.m. UTC
Updated Sep 14, 2021 at 10:56 a.m. UTC

Grayscale Investments raised $3.3 billion across its cryptocurrency investment vehicles in last year's fourth quarter, a record for the digital asset manager and further evidence of this rally's institutional base.

  • Disclosed in Grayscale's latest investment report, the raise more than triples the company's previous best-ever mark set only one quarter prior, when investors piled on just over $1 billion. Grayscale is owned by CoinDesk's parent firm Digital Currency Group.
  • The Grayscale Bitcoin Trust, long the company's most popular product, once again led the pack in Q4 with an average of $217 million raised every week. That massive inflow once again outpaced the rate of new bitcoin being mined.
  • Grayscale said it now has $20 billion under management; it entered 2020 with just $2 billion.

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The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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