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Grayscale reports record inflows to cryptocurrency funds on the back of hedge fund allocations

Global digital currency asset manager Grayscale reported a record-setting USD503.7 million in inflows to its digital currency funds in Q1 2020, despite the economic shock of the coronavirus pandemic. 

This is nearly double the previous quarterly high of USD254.8 million set in Q3 2019. Over the last quarter, institutional investors represented 88 per cent of all inflows, the majority of which were from hedge funds.

The mandate and strategic focus of these funds is broadly mixed and includes Multi-Strategy, Global Macro, Arbitrage, Long/Short Equity, Event Driven, and Crypto-focused funds.

New investors accounted for USD160.1 million in inflows. Grayscale Bitcoin Trust and Grayscale Ethereum Trust both experienced record quarterly inflows of USD388.9 million and USD110.0 million, respectively.


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