RATE Group | Grayscale Incurs Record Demand for Products in Q3 2019 Despite Bitcoin’s Bearishness
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Grayscale Incurs Record Demand for Products in Q3 2019 Despite Bitcoin’s Bearishness

15 Oct Grayscale Incurs Record Demand for Products in Q3 2019 Despite Bitcoin’s Bearishness

Posted at 23:56h in Ethereum News by

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Grayscale Investments – who offers the markets a plethora of crypto-related investment products – announced today that they saw the strongest-ever demand for their products in Q3 2019, which may be a positive sign for the crypto markets, in spite of their recent bearishness.

Demand for Crypto-Related Investment Products is Strong Despite Bitcoin’s Recent Bearishness

In a recent report published on their website, Grayscale notes that this past quarter was the strongest ever as far as influx into their products in spite of the recent bearishness that Bitcoin has incurred ever since it dropped below $10,000.

“Quarter billion-dollar inflows ($254.9 million) mark strongest demand for Grayscale products since firm inception: Inflows tripled quarter-over-quarter, from $84.8 to $254.9 million, despite recent declines in digital asset market prices,” they noted.

As for where the majority of these fund were directed, the investment firm notes that…

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