Grayscale Trust sees largest-ever weekly inflow, nears 500K BTC in total
Grayscale's Bitcoin (BTC) Trust is on track to reach 500,000 BTC by the end of 2020. Last week, Grayscale saw a record inflow of $215 million (15,907 BTC) that surpassed all previous investments into the Trust. The firm now holds $6.7 billion (481,711 BTC) as of the time of writing.
Should the firm continue last month’s growth-rate of 32,000 BTC, Grayscale in on track to hold 500,000 BTC (2.7% of circulating supply) within three weeks. By the end of next year, if the rate is consistent, Grayscale could control 926,600 BTC — equal to 5% of Bitcoin’s total current supply.
The Trust, created in September 2013, has seen explosive growth this year, with its assets under management (AUM) growing from $1.9 billion to $4.7 billion in the first nine months of 2020. Since Grayscale’s Q3 report, the AUM of its Bitcoin Trust has grown by an additional $2 billion.
Almost 70% of Grayscale’s total weekly inflows were invested into its Bitcoin Trust over the past three quarters. Bitcoin Trust weekly inflows grew from a 12-month average of $39.5 million to more than $55 million in Q3, 84% of which was attributed to institutional investors.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 57.6% | 84 | $29 815.26 | 1.01% | -0.39% | $567 877 135 044 |  |
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|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 56.8% | 88 | $2 000.88 | 1.06% | -2.66% | $241 865 980 181 |  |
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| 3 |  USDT |
Tether predictions | 91.2% | 1 | $0.998909 | 0.01% | -0.01% | $73 195 168 297 |  |
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| 4 |  USDC |
USD Coin predictions | 92.4% | 1 | $1.000209 | -0.03% | 0.01% | $53 074 379 147 |  |
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| 5 |  BNB |
Binance Coin predictions | 59.6% | 88 | $316.28 | 1.60% | 6.46% | $51 641 959 049 |  |
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| 6 |  XRP |
XRP predictions | 60.4% | 89 | $0.416706 | 0.37% | -1.83% | $20 144 872 785 |  |
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| 7 |  BUSD |
Binance USD predictions | 96% | 1 | $1.000981 | 0.08% | 0.01% | $18 535 892 542 |  |
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| 8 |  ADA |
Cardano predictions | 59.2% | 91 | $0.534887 | -0.11% | -1.96% | $18 046 551 403 |  |
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| 9 |  SOL |
Solana predictions | 58.8% | 88 | $51.78 | 2.12% | -1.78% | $17 567 814 140 |  |
|
| 10 |  DOGE |
Dogecoin predictions | 56.8% | 92 | $0.085246 | 0.16% | -3.86% | $11 309 686 383 |  |
|
| 11 |  DOT |
Polkadot predictions | 56.4% | 87 | $10.07 | 1.95% | -6.03% | $9 947 461 943 |  |
|
| 12 |  AVAX |
Avalanche predictions | 59.6% | 90 | $31.50 | 5.22% | -8.25% | $8 476 885 368 |  |
|
| 13 |  WBTC |
Wrapped Bitcoin predictions | 57.6% | 84 | $29 803.20 | 1.19% | -0.35% | $8 243 652 197 |  |
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| 14 |  TRX |
TRON predictions | 70.8% | 53 | $0.076135 | 1.95% | 11.63% | $7 366 247 062 |  |
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| 15 |  DAI |
Dai predictions | 94% | 1 | $0.999947 | -0.11% | -0.03% | $6 528 397 233 |  |
