RATE Group | Bitcoin Investment Trust Creator Has Raised Record $330 Million This Year
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Bitcoin Investment Trust Creator Has Raised Record $330 Million This Year

01 Nov Bitcoin Investment Trust Creator Has Raised Record $330 Million This Year

Posted at 22:11h in Bitcoin News by

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Ten months into a bear market that has seen cryptocurrency prices decline approximately 75 percent from their all-time highs, analysts differ on whether the bitcoin price has found a bottom or could continue to decline over a time horizon as long as 18 more months. However, Grayscale Investments, the crypto investment firm that created the publicly-quoted Bitcoin Investment Trust (OTC: GBTC), said that it had raised a record amount of funds through the first three quarters of the year.

Bitcoin Investment Trust Creator Grayscale Sees Record Fiat Inflows

The New York-based Grayscale made the announcement in its Q3 Digital Asset Investment Report, published on Thursday, adding that the firm saw $81.1 million of inflows during the previous quarter, up 33 percent from Q2. Altogether, Grayscale has raised $330 million in 2018, up a remarkable 1,200 percent from the $25.4 million it had raised last year through September.

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Source: Grayscale

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