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Grayscale's latest report: product funding is up 40%, with 99% going into bitcoin trusts

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Of the money that went into Grayscale's products, 99% went to bitcoin trusts

The Block is May 13reportsGrayscale recently released its investment report for the first quarter, detailing changes in investment product flows and client mix during the quarter. Grayscale is the world's largest cryptographic asset manager, with assets under management of more than $1.2 billion.

Product inflows at the asset manager rose 40 per cent in the fourth quarterThat rose to $42.7 million in the first quarter from $30.1 million in the fourth quarter. Bitcoin trusts accounted for 99 per cent of the money that went into Grayscale's products over the previous 12 months, compared with 76 per cent the previous year.

In addition, the report highlights the change in client composition during the quarter, with investments by hedge funds rising sharply from less than $1 million in the fourth quarter of 2018 to nearly $24 million in the first quarter of 2019. Meanwhile, the proportion of total quarterly inflows from qfiis fell from 7 per cent over the past 12 months to 1 per cent in the first quarter of 2019, while the share of family funds in total inflows rose to 10 per cent in the current quarter. Geographically, overseas investors accounted for almost half of all inflows, up from 32 per cent last year.