Cryptocurrency assets manager Grayscale Investments presented an investment report for 2018, according to which, despite a steady quarterly decline in attracted investments in its products, ended the year with a record figure of $ 395.5 million.
BREAKING: We are excited to share our 2018 Digital Asset Investment Report!
2018 Highlights include:
• Total Capital Raised into Grayscale Products: $ 359.5M
• Majority of investment (66%) came from institutional investorsRead the FULL report ➡️ https://t.co/Kjv3tBdqrl pic.twitter.com/GGvTJ2eqLJ
– Grayscale (@GrayscaleInvest) February 14, 2019
As BlockchainJournal wrote earlier, in the first three quarters of 2018, the company raised $ 329.5 million from investors; over the past three months, this amount was $ 30.1 million.
The claimed amount is about three times higher than in 2017, when the cryptocurrency market was on the rise, and twice the aggregate figures for the previous four years. According to the management of Grayscale, this suggests that long-term investors remain optimistic despite the fall in the market.
“This is our strongest calendar year since we started working,” the report says.
At the same time, the total volume of assets managed by Grayscale has declined significantly – this is due to the decline in cryptocurrency prices in which funds of the company's clients are placed.
The amount of assets managed by Grayscale from September 2013 to December 2018
The company insists that for investors who came into the industry a few years ago, this is not new. So, from December 2013 to January 2015, Bitcoin fell by 85%, after which it not only recovered to the previous values around $ 1,150, but also reached new historical heights in December 2017, closely reaching $ 20,000.
The graph below also shows that Bitcoin continues to occupy a dominant position among all investment products offered by Grayscale – by the end of the year, Grayscale Bitcoin Investment Trust (GBTC) accounted for 67% of all investments.
Also, interesting statistics are given for investors – 66% of the funds came from institutional investors, approximately the same figures were accredited investors and pension funds – 14% and 15%, respectively. Another 5% came from family offices. At the same time, as can be seen in the graph below, family funds significantly increased their presence in the 4th quarter of 2018, when they accounted for 40% of all investments.
Recall that at the beginning of December 2018 Grayscale Bitcoin Investment Trust controlled more than 200,000 BTC , which at that time was about 1% of the entire emission of the first cryptocurrency.
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