HomeCryptoCrypto investments: 1200% more than in 2017

Crypto investments: 1200% more than in 2017

Grayscale Investments Inc., a crypto-related investment company founded in 2013 by the Digital Currency Group, reported substantial growth this year.

Despite the bear market, the company earned nearly $330 million during 2018, which is equivalent to an increase of 1,200% compared to 2017. In fact, in the same period of time, last year the gain was only $25 million.

This would even be their best year of operation so far.

During the third quarter, institutional investments increased by up to 70% but, despite this, the amount of money invested remained lower.

“The average weekly inflow into Bitcoin Investment Trust was $4.5 million, down from the year-to-date average of $5.5 million. The average weekly inflow into “Non-Bitcoin” investment products was $1.7 million, down from the year-to-date average of $2.9 million.”

Grayscale Investments Inc. points out that although most of the investments were directed to the Bitcoin Investments Trust, investors are diversifying their inventories.

The shares of the Bitcoin Investment Trust, according to the company’s website, are the “first publicly quoted securities solely invested in and deriving value from the price of bitcoin”.

The Bitcoin Investment Trust reached its lowest value at the beginning of October. In fact, the fund’s units have fallen by about eighty per cent compared to their value last December.


Amelia Tomasicchio
Amelia Tomasicchiohttps://cryptonomist.ch
Esperta di digital marketing, Amelia inizia a lavorare nel settore fintech nel 2014 dopo aver scritto la sua tesi di laurea sulla tecnologia Bitcoin. Precedentemente è stata un'autrice di diversi magazine crypto all'estero e CMO di Eidoo. Oggi è co-founder e direttrice di Cryptonomist, oltre che Italian PR manager per l'exchange Bitget. E' stata nominata una delle 30 under 30 secondo Forbes. Oggi Amelia è anche insegnante di marketing presso Digital Coach e ha pubblicato un libro "NFT: la guida completa'" edito Mondadori. Inoltre è co-founder del progetto NFT chiamati The NFT Magazine, oltre ad aiutare artisti e aziende ad entrare nel settore. Come advisor, Amelia è anche coinvolta in progetti sul metaverso come The Nemesis e OVER.