Digital currency asset director Grayscale Investments banked a stellar 2022 to surpass the $i billion marking in total investments and at present has over $two billion in AUM.

Past the numbers

In a comprehensive xviii-folio report, the firm touted a record Q4 in 2022. Information technology raised $225.five meg into its investment products, lifting the yr'south inflow to $607.7 1000000 afterward dorsum-to-back quarterlies over $225 million, possibly signaling a larger market trend.

71 pct of the yr's arrival sprung from institutional investors. Managing director Michael Sonnenshein told Cointelegraph:

"We saw tape-breaking investment into Grayscale's family unit of products, illustrating connected demand from investors for digital currency access products and with a majority of investment coming from institutions, it'southward articulate that we're experiencing institutional adoption."

Existing clients amassed 75% of capital raised. 36% of Grayscale clients at present apply multiple of the company's 10 products. The company saw its customer base grow by 24%.

Grayscale investors love Bitcoin

Grayscale Bitcoin Trust, which Cointelegraph kickoff reported on last year, led 2022's investment demand with $471.vii total — $193.eight 1000000 of information technology raised in Q4, another historical high for the New York-based house.

Signaling a shift among traditional institutions, communications manager Marissa Arnold told Cointelegraph, "As the largest digital currency asset manager, we feel that our numbers are indicative of broader marketplace sentiment and institutional flows into digital currency."

Every bit younger investors go along finding Bitcoin and other digital currencies safer investments, especially equally Bitcoin enjoys a slight surge, this may exist the case.

Projecting the larger crypto market, Arnold added:

"The asset class is experiencing increased validation from legacy companies like Fidelity and CME, signaling to institutions and the investment community as a whole that crypto equally an asset grade is here to stay."