Grayscale, the world's largest digital currency manager, said on Thursday its assets under management surged more than 900per cent to US$20.2 billion at the end of last year, lifted by record inflows in the fourth quarter and the surge in the price of bitcoin.
In a report, Grayscale said it saw record investor demand in the fourth quarter, with approximately US$3.3 billion in inflows. Investments into the Grayscale products surpassed US$5.7 billion during 2020, more than four times the US$1.2 billion cumulative inflow from 2013-2019.
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