Crypto asset management firm Grayscale Investments raises $500M in Q1 2020

posted 8 months ago
Cryptocurrency asset management firm Grayscale Investments has logged its strongest quarter to date in spite of the precipitous market crash in March.

According to its new report, the firm managed to raise $503 mln in Q1. This figure represents more than 80 percent of the total capital the firm managed to raise during the previous year. The Grayscale report shows that institutional investors were largely responsible for the record-breaking quarter, with 88 percent of the $503 mln figure coming from their pockets.
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