According to a 2019 investment report released by Grayscale, one of the world’s leading authorities on digital asset investment, the digital giant has managed to raise over $600 million throughout 2019, with most of the funding coming in from major institutional players.
Specialized in digital asset diversification, the company managed to grow its investment base by 24% in 2019, which rallied in a total of $146.9 million in investment funding. The remaining $460.8 million came from their existing investors, of which 36% have now diversified their holdings across multiple investment products within the Grayscale family.
While 2019 may not have been the best year for digital assets, Grayscale Investments LLC has managed to raise an impressive amount of capital, proving that the future is still bright for digital investments in the years to come.
Paving The Road To A Crypto-Eldorado
As one of the world’s most trusted sources on digital asset investment, it’s companies like Grayscale that continue to pave a brighter future for digital asset holders and the entire industry.
Based out of New York City, Grayscale specializes in providing their clients with up-to-date market information, investment exposure, and diversification, as well as a range of investment products that meet the needs of today’s ever-expanding class of digital assets.
In other words, they manage and provide secure access to digital assets. And as proven by their 2019 financial report, the company might have what it takes to make 2020 one of their best years yet.
According to the report, in 2019, the company raised a total of $607.7 million, with $225.5 million being raised in Q4 alone.
With an estimated 71% of investments pouring in from big, institutional investors, Grayscale is proving that big players are still quite interested in seeing what digital investments can bring to the table.
And while the future of cryptocurrencies isn’t carved in stone, companies like Grayscale are helping legitimize the industry, making digital assets safer for investors everywhere.
An Impressive Turnaround
According to Grayscale’s 2019 Q4 Performance and Risk report, 2019 wasn’t the most spectacular year to date for the industry. But while market participants saw steady declines throughout the final quarter of the year, they also saw significantly less volatility than in Q3.
While the company admits that 9 out of 10 of their digital investment products saw negative returns in Q4, Grayscale’s Horizen Trust managed to boast a return of over 140%, proving to the world that digital asset users everywhere can benefit from diversification.
Finally, while Grayscale’s total weekly investments for 2019 averaged only $11.7 million, this figure managed to skyrocket to about $17.3 million in Q4.
And while it’s still too early to say how well the company will fare in Q1 of 2020, if this trend continues, expect to see even more significant numbers from Grayscale in the coming months.