The US cryptocurrency investment agency Grayscale released the first quarter of 2020 investment report. The data shows that Grayscale raised approximately US $ 503.7 million in the first quarter of this year, setting a record high quarterly capital inflow. This amount is approximately 254 million raised by Grayscale in the third quarter of the highest peak in 2019. Double the dollar. During the quarter, Grayscale Bitcoin Trust (GBTC) topped the list with funds raised of $ 388.9 million. Grayscale board member Michael Sonnenshein said, “The fund will continue to maintain its growth momentum. At the same time, the inflow of funds in this quarter comes from institutions. The interest of institutional investors in the field of digital assets has increased. ” Grayscale’s report shows that since its inception, about 90% of the inflow of raised funds came from institutions, covering hedge funds, cryptocurrency investment institutions, family offices and other types. Lianwen previously reported that the 2019 full-year investment report released by the US cryptocurrency investment agency Grayscale shows that Grayscale raised more than US $ 600 million in 2019, which exceeded the cumulative total of Grayscale products from 2013 to 2018. Since its establishment, the cumulative investment of Grayscale series products has reached 1.17 billion US dollars. The largest single-quarter investment of the Bitcoin Trust Fund is the fourth quarter of 2019, totaling USD 190 million.