July 16, 2020 Grayscale raised $906 million in Q2 2020 for its digital asset investment products.

The digital asset investment company, Grayscale, has reported that it raised $905.8 million in the second quarter of this year across all of its digital asset investment products, up from $503.7 million in the first quarter and representing its highest ever raise. On a weekly basis, the firm averaged an inflow of $69.7 million with $57.8 million of this figure directed towards its “Bitcoin Trust” product. Grayscale further reported that 84% of its investments for the quarter were derived from institutional investors of which the vast majority were hedge funds.