Institutional Investors Provide 56% of Capital Inflow – Claims Crypto Investment Report 2018
The first crypto investment report 2018 states that institutional investors provided 56% of capital inflow this year. The report was released by digital asset management fund. Grayscale has been witnessing investments into crypto for five years starting from the launch of Bitcoin Investment Trust in 2013. It expanded to Ethereum Classic, Zcash, Litecoin and Digital Large Cap Fund.
Grayscale remarks that,
counterintuitively, the pace of investment has “accelerated to a level that we have not seen before.
The total investment through June 30, 2018, was almost $248.4 million. Since 2013, it is the strongest ever fundraising period. On an average, $9.55 million in the fresh capital has been incoming every week. Among this, $6.04 million-63% is going to the Bitcoin Investment Trust.
The investors profile data shows that accredited individuals account for 20%, retirement accounts for 16% and family offices for 8%. Among these, 64% of all new investment came from the US, 26% from offshore investors and 10% from other regions.
The average investment sum was $289,000 – individuals, $335,000 – retirement accounts, $553,000 – family offices and $848,000 – institutional investors. The data is skewed by several “large, one-time outliers”.
The report suggests that year’s downturn is considered as a prime moment to enter the crypto market. It was also seen that $6.3 trillion asset management heavyweight BlackRock. It is the largest provider of exchange-traded-funds in the world. It is beginning to assess potential involvement in Bitcoin bolstering an impressive market uptick.
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