Grayscale sees slowing capital inflow in Q4 2018, firm suggests drop due to 'seasonal challenges'
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Quick Take
- Digital currency asset manager Grayscale saw a “below average quarter” in inflows at the end of 2018, but institutional investors continue to show confidence in bitcoin
- Capital inflows from the US made up 99 percent of the raise in Q4
New York-based Grayscale, a subsidiary of Digital Currency Group, raised $30.1 million in the last three months of 2018; a third of the record $95.4 million raised in the same period last year. Managing Director Michael Sonnenshein told The Block he was not surprised that Q4 was a “little bit slower” than the $81.1 million […]
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