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Grayscale's Crypto Products Raised Over $3B Last Quarter, the Most Ever

Grayscale's popular bitcoin trust once again led the pack with over $200 million in inflows every week.

Updated Sep 14, 2021, 10:56 a.m. Published Jan 14, 2021, 4:29 p.m.

Grayscale Investments raised $3.3 billion across its cryptocurrency investment vehicles in last year's fourth quarter, a record for the digital asset manager and further evidence of this rally's institutional base.

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Disclosed in Grayscale's latest investment report, the raise more than triples the company's previous best-ever mark set only one quarter prior, when investors piled on just over $1 billion. Grayscale is owned by CoinDesk's parent firm Digital Currency Group.
The Grayscale Bitcoin Trust, long the company's most popular product, once again led the pack in Q4 with an average of $217 million raised every week. That massive inflow once again outpaced the rate of new bitcoin being mined.
Grayscale said it now has $20 billion under management; it entered 2020 with just $2 billion.

Grayscale

Danny Nelson

Danny is CoinDesk's managing editor for Data & Tokens. He formerly ran investigations for the Tufts Daily. At CoinDesk, his beats include (but are not limited to): federal policy, regulation, securities law, exchanges, the Solana ecosystem, smart money doing dumb things, dumb money doing smart things and tungsten cubes. He owns BTC, ETH and SOL tokens, as well as the LinksDAO NFT.