Categories: News

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.


Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity

Did you like the news you just read? Please leave a feedback to help us serve you better

Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.

Sonali Sharma

Share
Published by
Sonali Sharma

Recent Posts

Bullish Signals for Sui Blockchain: Top SUI meme projects of 2024

Macro guru and Real Vision CEO Raoul Pal shone the spotlight on a rising layer-1…

2 months ago

AI Companions: A New Era of Digital Relationships and Virtual Experiences

As the technology landscape transforms at lightning speed, AI Companions has positioned itself as a…

2 months ago

zkCross Network: Simplifying DeFi Complexity and Achieving Fundraising Success

Did you know that 85% of DeFi value is concentrated in six blockchains?  DeFi is…

2 months ago

Don’t Miss Out: Get $CLP Tokens in the Exclusive RWA IDO Now!

CLAPART - a groundbreaking RWA platform has launched its much-anticipated $CLP token IDO on Gempad…

3 months ago

Step into the Future of Web3 at Blockchain Futuristic Conference 2024, August 13-14

Join us at BFC 2024 to explore the future of Web3. Use a special discount…

4 months ago

WebX Asia 2024: Web3 Innovation Ignites in Tokyo

Catch all the updates with Altcoin Observer, official media partner of WebX Asia 2024. Gear…

4 months ago