Investment company of Barry Silbert Grayscale Investments reported that in the first six months of this year, its clients invested $ 248.39 million in the company's crypto-currency products.
Grayscal Investment Twitter
As stated in the report, this is a record amount for all previous six-month stretches of time since Grayscale Investments was founded in September 2013.
As the investment community knows, over the last six months, the digital asset market experienced one of the largest price drawdowns since the inception of Bitcoin in 2009. However, what is more interesting, and somewhat counterintuitive, is that the pace of investment into Grayscale products has accelerated to a level that we have not seen before. In fact, we raised nearly $250 million in new assets in the first half of this year, marking the strongest inflows of any six month period in the history of our business.
At the moment Grayscale Investments offers seven crypto-investment funds, the oldest and largest of which is the Bitcoin Investment Trust. The second most popular is Ethereum Classic Investment Trust. Other funds are represented by such crypto-currencies as Zcash, Ethereum, Bitcoin Cash, Ripple and Litecoin.