Grayscale's total inflows to all products in the fourth quarter reached $3.3 billion, with institutional investors accounting for 93%

According to Chain News, digital asset management company Grayscale Investments released its fourth quarter 2020 financial report, which showed that the total capital inflow for all the company's products in the fourth quarter was $3.3 billion, an average of $250.7 million per week, the largest quarterly capital inflow ever. Grayscale's capital inflows for the whole of 2020 exceeded $5.7 billion, more than four times the cumulative capital inflows of $1.2 billion from 2013 to 2019.

The company said that institutional investors are increasingly using Bitcoin as a reserve asset, with 93% of investments in the fourth quarter coming from institutional investors, totaling $3 billion. Its most popular product, Grayscale Bitcoin Trust, accounted for 87% of total inflows, the highest proportion since the second quarter of 2017.