Inflows into Grayscale products picked up 40% in Q1, fueled by offshore hedge funds looking for bitcoin exposure

Grayscale, the world's largest cryptoasset manager with more than $1.2 billion in AUM, released its Q1 investment report which details investment product inflows and changes in client mix during the quarter.

The asset manager saw more than a 40% QoQ bump in product inflows, from $30.1 million in Q4 to $42.7 million in Q1. Contrast to the prior 12 months, 99% of inflows into Grayscale products went into its Bitcoin Trust, compared to 76% of inflows over the prior year.

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