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 | 64% | 76 | $61 147.24 | -2.67% | -0.74% | $1 152 718 704 345 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 69.6% | 57 | $4 029.86 | -2.02% | 4.61% | $475 677 778 716 |  |
|
| 3 |  BNB |
Binance Coin predictions | 68.8% | 60 | $481.60 | 1.27% | 1.41% | $80 332 185 360 |  |
|
| 4 |  ADA |
Cardano predictions | 91.2% | 12 | $2.16 | -0.04% | -3.09% | $71 091 086 342 |  |
|
| 5 |  USDT |
Tether predictions | 91.2% | 1 | $1.000237 | 0.02% | 0.07% | $69 590 628 695 |  |
|
| 6 |  SOL |
Solana predictions | 71.6% | 54 | $202.10 | 1.16% | 26.89% | $60 797 297 002 |  |
|
| 7 |  XRP |
XRP predictions | 71.2% | 50 | $1.092260 | -0.94% | -4.39% | $51 277 603 422 |  |
|
| 8 |  DOT |
Polkadot predictions | 65.2% | 79 | $44.18 | 0.96% | -0.22% | $43 626 505 854 |  |
|
| 9 |  USDC |
USD Coin predictions | 91.6% | 1 | $1.000378 | 0.03% | 0.06% | $32 426 749 540 |  |
|
| 10 |  DOGE |
Dogecoin predictions | 72.8% | 56 | $0.245727 | 0.39% | 2.83% | $32 386 919 029 |  |
|
| 11 |  LUNA |
Terra predictions | 67.6% | 65 | $43.04 | 4.35% | 15.63% | $17 285 663 397 |  |
|
| 12 |  UNI |
UniSwap predictions | 74% | 47 | $25.76 | -2.42% | -1.23% | $15 753 060 976 |  |
|
| 13 |  AVAX |
Avalanche predictions | 66% | 65 | $68.24 | 5.67% | 20.76% | $15 031 739 762 |  |
|
| 14 |  WBTC |
Wrapped Bitcoin predictions | 62.4% | 75 | $61 173.53 | -2.64% | -0.70% | $13 525 040 631 |  |
|
| 15 |  LTC |
Litecoin predictions | 70.8% | 57 | $193.37 | -2.94% | 1.12% | $13 305 271 155 |  |
