Grayscale Releases Q1 2020 Report, Reveals Over $2 Billion In Asset

The Coronavirus pandemic has caused a downward trens in all of the markets all over the world, from the stocks up to the digital currency investments, everything was significantly affected.

But in light of these events, digital asset management firm, Grayscale has rolled out its Q1 report for this year and revealed a big leap on its total value.

Q1 2020 marks Grayscale’s strongest quarter yet, with >$500 million raised … that’s 83% of total capital raised for ALL of 2019, in just ONE quarter! Read more about the demand trends we witnessed in the first quarter here: https://t.co/TFwqIcAQEA pic.twitter.com/FXygoDT6T5
— Grayscale (@GrayscaleInvest) April 17, 2020

The company has raised over $503 million in just the first three months of the year which accumulated a total of $2,218,265,300 in value that has over $18 million in BTC.

This new type of investment has caught the attention of investors and added it to their respective investing portfolio. They see it as a medium to long-term investment, according to Grayscale.

“Many of our investors view digital assets as a medium to long-term investment opportunity

and a core component of their investment portfolios. They are tactically using drawdowns to increase their exposure to the asset class, which they are now doing at the fastest pace in Grayscale history. Quarter-over-quarter inflows more than doubled to $503.7 million, demonstrating demand is reaching new peak levels, even in a “risk-off” environment,” as what Grayscale stated in their report.