Up to date guide to sell bitcoin to paypal instant exchange has just released its quarterly report which shows that institutional demand for Bitcoin and other digital assets is still on the rise despite the lack of action from Bitcoin price (BTC). The report shows that Grayscale had yet another record quarter for its digital asset products with $905.8 million dollars invested over that time period.
The nearly $1 billion inflow means Grayscale almost doubled its previous high of $503.7 in the first quarter of 2020. Out of the total amount of funds accrued by Grayscale, Bitcoin continued to lead the pack with 82.92% or $751.1 million invested in Grayscale Bitcoin Trust (GBTC). Institutional investors lead the pack
Institutional investors continue to be the leading demographic of digital asset trusts. Currently they account for 84% of investment in the second quarter of 2020.
However, Grayscale saw a significant increase in new investors which represented 57% of the bitcoin to credit card usd exchange investor base during the quarter.
While the percentage of new investors has increased, they only accounted for $124.1 million of the inflow into the Grayscale digital asset products