Grayscale, the institutional crypto investment giant released its third-quarter report for 2019. The report from Grayscale reveals a surge of Wall Street interest in Bitcoin and Ethereum.
Grayscale offers a series of trusts that allow institutions to gain exposure to BTC and a long list of altcoins. The list includes ETH, XRP, BCH, LTC, XLM, ZEC and ZEN.
Grayscale latest report reveals an exponential jump in growth for BTC and ETH that began early this year.
Furthermore, Grayscale says the biggest surge happened in July, with $75 million pouring into its Bitcoin trust in a single day.
“Quarter billion-dollar inflows ($254.9 million) mark [the] strongest demand for Grayscale products since firm inception: Inflows tripled quarter-over-quarter, from $84.8 to $254.9 million, despite recent declines in digital asset market prices.”