Greyscale invests $ 900 million in crypto products in second quarter

Grayscale posted its best quarter in Q2 2020 after raising a total of $ 906 million for its crypto products. The New York-based financial services firm released second-quarter earnings data on Wednesday, with investments rising more than $ 400 million online, according to Grayscale, to $ 500 million in the first quarter of 2020. Au In total, Grayscale raised $ 1.4 billion in the first half of 2020, or more than $ 1 billion in equity for the first time in six months. In order to expose investors to cryptocurrencies in class assets, this week's gains mean all commodities have entered the stock market in grayscale for more than double, since they started at 2.6. billion dollars in the first half of 2020. investor associations. Grayscale said most people are starting to differentiate between Bitcoin and total access to investments in altcoin products has increased by 35% from last quarter and almost 650% over the past 12 months. high. In the same quarter, Bitcoin Trust inflows reached $ 751 million. Grayscale completed its listing with the Securities and Exchange Commission (SEC) in January.